Horace Mann Educators (NYSE:HMN) Stock Rating Raised to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Horace Mann Educators (NYSE:HMN) from a hold rating to a buy rating in a research report report published on Saturday morning,Wall Street Zen reports.

A number of other equities analysts have also recently issued reports on HMN. Weiss Ratings restated a “buy (a-)” rating on shares of Horace Mann Educators in a report on Friday, September 11th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $59.00 target price on shares of Horace Mann Educators in a report on Thursday, August 13th. Finally, Zacks Research raised Horace Mann Educators from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Three research analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, the company has a consensus rating of “Strong Buy” and an average price target of $59.00.

Horace Mann Educators Trading Down 1.1%

Shares of NYSE:HMN opened at $45.37 on Friday. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 10.60 and a beta of 0.08. Horace Mann Educators has a 1-year low of $41.29 and a 1-year high of $55.56. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.08 and a current ratio of 0.08. The company has a 50 day moving average price of $50.71 and a 200 day moving average price of $48.03.

Horace Mann Educators (NYSE:HMN) last posted its quarterly earnings results on Wednesday, August 5th. The insurance provider reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.38. Horace Mann Educators had a return on equity of 14.08% and a net margin of 10.15%.The company had revenue of $443.50 million for the quarter, compared to analysts’ expectations of $321.70 million. During the same quarter in the prior year, the company earned $1.06 earnings per share. The firm’s revenue was up 7.7% on a year-over-year basis. Horace Mann Educators has set its FY 2026 guidance at 4.600-4.900 EPS. On average, research analysts anticipate that Horace Mann Educators will post 4.78 EPS for the current fiscal year.

Horace Mann Educators Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be given a $0.36 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $1.44 dividend on an annualized basis and a yield of 3.2%. Horace Mann Educators’s dividend payout ratio is presently 33.64%.

Insider Transactions at Horace Mann Educators

In related news, Director Perry G. Hines sold 3,237 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $52.22, for a total value of $169,036.14. Following the completion of the sale, the director owned 25,118 shares of the company’s stock, valued at approximately $1,311,661.96. The trade was a 11.42% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Marita Zuraitis sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $50.99, for a total transaction of $382,425.00. Following the transaction, the chief executive officer directly owned 299,629 shares in the company, valued at approximately $15,278,082.71. The trade was a 2.44% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 27,791 shares of company stock valued at $1,443,719. 3.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new position in shares of Horace Mann Educators during the 2nd quarter valued at $304,006,000. Dimensional Fund Advisors LP boosted its holdings in Horace Mann Educators by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 2,184,648 shares of the insurance provider’s stock worth $93,243,000 after purchasing an additional 12,556 shares in the last quarter. Wasatch Advisors LP bought a new stake in Horace Mann Educators in the second quarter worth $72,363,000. Bank of America Corp DE acquired a new position in Horace Mann Educators during the second quarter worth $29,287,000. Finally, Bank of New York Mellon Corp acquired a new position in Horace Mann Educators during the second quarter worth $20,061,000. Institutional investors and hedge funds own 99.28% of the company’s stock.

Horace Mann Educators Company Profile

Horace Mann Educators Corporation (NYSE: HMN) is an insurance and financial services company focused on serving educators and other employees of public schools. Founded in 1945 by educators in Springfield, Illinois, the company has built its business around the insurance and financial needs of the education community.

Through its operating subsidiaries, Horace Mann provides personal lines insurance products, including automobile and homeowners insurance, as well as life insurance and supplemental insurance.