Horace Mann Educators (NYSE:HMN) Cut to Hold at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen cut shares of Horace Mann Educators (NYSE:HMN – Free Report) from a buy rating to a hold rating in a research note published on Saturday.

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Horace Mann Educators in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $46.75.

Read Our Latest Research Report on Horace Mann Educators

Horace Mann Educators Stock Down 0.1%

Shares of HMN opened at $46.05 on Friday. The stock has a fifty day moving average of $45.09 and a 200-day moving average of $44.19. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 11.66 and a beta of 0.08. Horace Mann Educators has a 52 week low of $36.20 and a 52 week high of $48.33. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.10 and a current ratio of 0.10.

Horace Mann Educators (NYSE:HMN – Get Free Report) last released its quarterly earnings results on Monday, April 3rd. The insurance provider reported $1.18 EPS for the quarter. Horace Mann Educators had a return on equity of 15.69% and a net margin of 9.79%.The firm had revenue of $330.60 million for the quarter. As a group, sell-side analysts anticipate that Horace Mann Educators will post 3.87 earnings per share for the current fiscal year.

Horace Mann Educators Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, December 15th. Horace Mann Educators’s dividend payout ratio (DPR) is 35.44%.

Insider Buying and Selling at Horace Mann Educators

In other Horace Mann Educators news, Director Beverley J. Mcclure sold 1,082 shares of the business’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $45.40, for a total transaction of $49,122.80. Following the completion of the sale, the director directly owned 16,733 shares of the company’s stock, valued at approximately $759,678.20. The trade was a 6.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Henry Wade Reece sold 1,316 shares of the stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $45.27, for a total value of $59,575.32. Following the completion of the sale, the director directly owned 39,001 shares of the company’s stock, valued at approximately $1,765,575.27. This trade represents a 3.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 20,398 shares of company stock valued at $921,348 over the last three months. Corporate insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Aster Capital Management DIFC Ltd purchased a new stake in Horace Mann Educators in the 3rd quarter valued at $29,000. Smartleaf Asset Management LLC grew its stake in shares of Horace Mann Educators by 49.7% in the 3rd quarter. Smartleaf Asset Management LLC now owns 699 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 232 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Horace Mann Educators by 222.3% in the second quarter. EverSource Wealth Advisors LLC now owns 909 shares of the insurance provider’s stock valued at $39,000 after purchasing an additional 627 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new position in shares of Horace Mann Educators during the second quarter valued at about $47,000. Finally, Blue Trust Inc. lifted its position in shares of Horace Mann Educators by 33.0% during the third quarter. Blue Trust Inc. now owns 1,201 shares of the insurance provider’s stock valued at $54,000 after purchasing an additional 298 shares in the last quarter. Hedge funds and other institutional investors own 99.28% of the company’s stock.

Horace Mann Educators Company Profile

(Get Free Report)

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.

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