Horace Mann Educators (NYSE:HMN) Downgraded to Hold at StockNews.com

StockNews.com lowered shares of Horace Mann Educators (NYSE:HMN) from a buy rating to a hold rating in a research report report published on Tuesday morning.

A number of other equities analysts have also commented on HMN. TheStreet raised Horace Mann Educators from a c rating to a b rating in a research note on Wednesday, February 7th. Keefe, Bruyette & Woods upgraded Horace Mann Educators from a market perform rating to an outperform rating and boosted their price objective for the company from $33.00 to $40.00 in a report on Monday, January 29th. Finally, Piper Sandler decreased their price target 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.

Horace Mann Educators Stock Performance

Horace Mann Educators stock opened at $34.52 on Tuesday. Horace Mann Educators has a 12-month low of $27.81 and a 12-month high of $38.29. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.46. The business’s 50-day moving average price is $35.96 and its two-hundred day moving average price is $33.91. The stock has a market cap of $1.41 billion, a PE ratio of 31.96 and a beta of 0.28.

Horace Mann Educators (NYSE:HMN) last released its quarterly earnings results 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 company had revenue of $402.90 million for the quarter, compared to analysts’ expectations of $394.40 million. Horace Mann Educators had a return on equity of 5.71% and a net margin of 3.02%. As a group, analysts expect that Horace Mann Educators will post 3.15 earnings per share for the current fiscal year.

Horace Mann Educators Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a dividend of $0.34 per share. This is a boost from Horace Mann Educators’s previous quarterly dividend of $0.33. The ex-dividend date was Thursday, March 14th. This represents a $1.36 dividend on an annualized basis and a yield of 3.94%. Horace Mann Educators’s dividend payout ratio is 125.93%.

Insider Buying and Selling at Horace Mann Educators

In other news, CEO Marita Zuraitis sold 2,700 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $37.00, for a total transaction of $99,900.00. Following the transaction, the chief executive officer now directly owns 280,832 shares in the company, valued at approximately $10,390,784. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, General Counsel Donald M. Carley sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $35.11, for a total value of $175,550.00. Following the completion of the transaction, the general counsel now owns 29,627 shares in the company, valued at approximately $1,040,203.97. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Marita Zuraitis sold 2,700 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $37.00, for a total value of $99,900.00. Following the completion of the transaction, the chief executive officer now owns 280,832 shares of the company’s stock, valued at approximately $10,390,784. The disclosure for this sale can be found here. Insiders have sold a total of 73,077 shares of company stock valued at $2,682,021 in the last 90 days. Corporate insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. TFO Wealth Partners LLC increased its holdings in shares of Horace Mann Educators by 6,084.6% in the 4th quarter. TFO Wealth Partners LLC now owns 804 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 791 shares in the last quarter. International Assets Investment Management LLC bought a new position in Horace Mann Educators during the fourth quarter valued at approximately $36,000. State of Wyoming lifted its stake in shares of Horace Mann Educators by 41.0% in the 2nd 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 during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Horace Mann Educators by 675.6% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,094 shares of the insurance provider’s stock valued at $70,000 after purchasing an additional 1,824 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Horace Mann Educators in the second quarter worth approximately $83,000. Hedge funds and other institutional investors own 99.28% of the company’s stock.

Horace Mann Educators Company Profile

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.