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 research report issued to clients and investors on Tuesday.

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

Horace Mann Educators Price Performance

Shares of NYSE:HMN opened at $34.14 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. Horace Mann Educators has a 1 year low of $27.81 and a 1 year high of $38.29. The business has a fifty day simple moving average of $35.98 and a 200 day simple moving average of $33.87. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 31.61 and a beta of 0.28.

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

Insiders Place Their Bets

In other news, CEO Marita Zuraitis sold 50,098 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 279,600 shares of the company’s stock, valued at $10,370,364. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, General Counsel Donald M. Carley sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $35.11, for a total value of $175,550.00. Following the sale, the general counsel now directly owns 29,627 shares of the company’s stock, valued at $1,040,203.97. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Marita Zuraitis sold 50,098 shares of Horace Mann Educators stock in a transaction dated 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 sale, the chief executive officer now directly owns 279,600 shares in the company, valued at $10,370,364. The disclosure for this sale can be found here. Insiders have sold 73,077 shares of company stock valued at $2,682,021 over the last three months. 3.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Horace Mann Educators

A number of institutional investors have recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC lifted its stake in Horace Mann Educators by 0.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 47,184 shares of the insurance provider’s stock worth $1,543,000 after purchasing an additional 375 shares during the period. Putnam Investments LLC lifted its stake 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 worth $5,139,000 after purchasing an additional 378 shares during the period. Yousif Capital Management LLC lifted its stake in Horace Mann Educators by 1.0% during the first quarter. Yousif Capital Management LLC now owns 38,359 shares of the insurance provider’s stock worth $1,605,000 after purchasing an additional 389 shares during the period. State of Wyoming lifted its stake 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 worth $45,000 after purchasing an additional 439 shares during the period. Finally, Stifel Financial Corp lifted its stake in Horace Mann Educators by 5.8% during the third quarter. Stifel Financial Corp now owns 8,502 shares of the insurance provider’s stock worth $250,000 after purchasing an additional 464 shares during the period. 99.28% of the stock is owned by institutional investors and hedge funds.

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.