Horace Mann Educators Corp. (HMN) Upgraded to “Hold” by Zacks Investment Research
According to Zacks, “Horace Mann Educators Corporation is a multiline insurance holding company that targets the US educator market. The company and its subsidiaries, Horace Mann Insurance Co., Teachers Insurance Co., Horace Mann Life Insurance Co., and Allegiance Insurance Co., provide retirement annuities, automobile insurance, homeowners insurance, and life insurance to elementary and secondary teachers, administrators, and education support personnel in public and private schools. The company also offers group life and health insurance to school districts. “
Shares of Horace Mann Educators Corp. (NYSE:HMN) opened at 37.13 on Wednesday. The stock’s 50 day moving average price is $35.86 and its 200-day moving average price is $33.71. The company has a market cap of $1.49 billion, a PE ratio of 19.52 and a beta of 1.24. Horace Mann Educators Corp. has a 52 week low of $27.15 and a 52 week high of $38.00.
Horace Mann Educators Corp. (NYSE:HMN) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.08. The company earned $283.50 million during the quarter, compared to analysts’ expectations of $273.80 million. Horace Mann Educators Corp. had a return on equity of 5.64% and a net margin of 7.30%. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.36 earnings per share. Analysts expect that Horace Mann Educators Corp. will post $1.93 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be issued a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date is Tuesday, September 13th. Horace Mann Educators Corp.’s payout ratio is currently 55.21%.
In other news, CFO Dwayne D. Hallman sold 8,220 shares of the company’s stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $36.29, for a total value of $298,303.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.10% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of HMN. BlackRock Institutional Trust Company N.A. boosted its position in Horace Mann Educators Corp. by 2.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,042,588 shares of the company’s stock worth $33,040,000 after buying an additional 24,283 shares during the last quarter. Silvercrest Asset Management Group LLC boosted its position in Horace Mann Educators Corp. by 0.9% in the first quarter. Silvercrest Asset Management Group LLC now owns 2,688,183 shares of the company’s stock worth $85,189,000 after buying an additional 25,040 shares during the last quarter. Nuveen Asset Management LLC boosted its position in Horace Mann Educators Corp. by 13.4% in the first quarter. Nuveen Asset Management LLC now owns 217,949 shares of the company’s stock worth $6,907,000 after buying an additional 25,822 shares during the last quarter. Royce & Associates LP purchased a new position in Horace Mann Educators Corp. during the first quarter worth about $792,000. Finally, Wellington Management Group LLP boosted its position in Horace Mann Educators Corp. by 7.3% in the first quarter. Wellington Management Group LLP now owns 661,376 shares of the company’s stock worth $20,959,000 after buying an additional 45,129 shares during the last quarter. Hedge funds and other institutional investors own 99.36% of the company’s stock.
About Horace Mann Educators Corp.
Horace Mann Educators Corporation (HMEC) is an insurance holding company. Through its subsidiaries, HMEC markets and underwrites personal lines of property and casualty (primarily personal lines automobile and homeowners) insurance, retirement annuities (primarily tax-qualified products) and life insurance in the United States.
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