Horace Mann Educators (NYSE:HMN) Lowered to “Hold” at StockNews.com

Horace Mann Educators (NYSE:HMN) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Tuesday.

Several other research firms have also recently weighed in on HMN. Piper Sandler reduced their price target on shares of Horace Mann Educators from $40.00 to $39.00 and set a “neutral” rating for the company in a report on Friday, April 5th. TheStreet upgraded Horace Mann Educators from a “c” rating to a “b” rating in a research note on Wednesday, February 7th. Finally, Keefe, Bruyette & Woods upgraded shares of Horace Mann Educators from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $33.00 to $40.00 in a research note on Monday, January 29th.

Horace Mann Educators Trading Down 0.1 %

Shares of HMN stock opened at $34.49 on Tuesday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $1.41 billion, a P/E ratio of 31.94 and a beta of 0.28. The firm’s fifty day simple moving average is $35.93 and its 200 day simple moving average is $33.91. Horace Mann Educators has a 1 year low of $27.81 and a 1 year high of $38.29.

Horace Mann Educators (NYSE:HMN) last posted its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.19. The firm had revenue of $402.90 million during the quarter, compared to analysts’ expectations of $394.40 million. Horace Mann Educators had a net margin of 3.02% and a return on equity of 5.71%. As a group, sell-side analysts predict that Horace Mann Educators will post 3.15 EPS for the current year.

Insider Activity at Horace Mann Educators

In other Horace Mann Educators news, CEO Marita Zuraitis sold 50,098 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $37.09, for a total value of $1,858,134.82. Following the completion of the sale, the chief executive officer now directly owns 279,600 shares in the company, valued at $10,370,364. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Marita Zuraitis sold 50,098 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $37.09, for a total value of $1,858,134.82. Following the transaction, the chief executive officer now owns 279,600 shares in the company, valued at approximately $10,370,364. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Donald M. Carley sold 5,000 shares of the stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $35.11, for a total value of $175,550.00. Following the transaction, the general counsel now directly owns 29,627 shares of the company’s stock, valued at $1,040,203.97. The disclosure for this sale can be found here. Insiders have sold 73,077 shares of company stock worth $2,682,021 over the last ninety days. Insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On Horace Mann Educators

Hedge funds have recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC lifted its holdings in Horace Mann Educators by 0.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 47,184 shares of the insurance provider’s stock worth $1,543,000 after buying an additional 375 shares during the period. Putnam Investments LLC increased its holdings in Horace Mann Educators by 0.3% during the fourth quarter. Putnam Investments LLC now owns 137,515 shares of the insurance provider’s stock valued at $5,139,000 after buying an additional 378 shares during the last quarter. Yousif Capital Management LLC grew its stake in shares of Horace Mann Educators by 1.0% during the 1st quarter. Yousif Capital Management LLC now owns 38,359 shares of the insurance provider’s stock valued at $1,605,000 after acquiring an additional 389 shares during the period. State of Wyoming lifted its holdings in Horace Mann Educators by 41.0% during the second quarter. State of Wyoming now owns 1,509 shares of the insurance provider’s stock valued at $45,000 after purchasing an additional 439 shares in the last quarter. Finally, Stifel Financial Corp boosted its holdings in Horace Mann Educators by 5.8% in the 3rd quarter. Stifel Financial Corp now owns 8,502 shares of the insurance provider’s stock worth $250,000 after buying an additional 464 shares during the period. Institutional investors own 99.28% of the company’s stock.

About Horace Mann Educators

Horace Mann Educators Corporation, together with its subsidiaries, operates as an insurance holding company in the United States. The company operates through Property & Casualty, Life & Retirement, and Supplemental & Group Benefits segments. Its Property & Casualty segment offers insurance products, including private passenger auto insurance, residential home insurance, and personal umbrella insurance; and provides auto coverages including liability and collision, and property coverage for homeowners and renters.