Horace Mann Educators Corporation (NYSE:HMN) was downgraded by equities research analysts at TheStreet from a “b” rating to a “c+” rating in a note issued to investors on Monday.

Other equities analysts also recently issued reports about the stock. BidaskClub raised shares of Horace Mann Educators Corporation from a “sell” rating to a “hold” rating in a research report on Friday, August 18th. Zacks Investment Research raised shares of Horace Mann Educators Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, Keefe, Bruyette & Woods reissued a “sell” rating and set a $35.00 target price on shares of Horace Mann Educators Corporation in a research report on Friday, August 18th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Horace Mann Educators Corporation currently has an average rating of “Hold” and an average price target of $37.50.

Horace Mann Educators Corporation (HMN) opened at 35.55 on Monday. Horace Mann Educators Corporation has a 52 week low of $33.30 and a 52 week high of $44.15. The stock’s 50 day moving average price is $36.78 and its 200 day moving average price is $38.89. The firm has a market capitalization of $1.45 billion, a P/E ratio of 22.92 and a beta of 1.05.

Horace Mann Educators Corporation (NYSE:HMN) last posted its earnings results on Monday, July 24th. The insurance provider reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.09. The business had revenue of $291.40 million for the quarter, compared to analyst estimates of $290.40 million. Horace Mann Educators Corporation had a return on equity of 4.56% and a net margin of 5.59%. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.25 earnings per share. On average, equities analysts expect that Horace Mann Educators Corporation will post $1.48 EPS for the current year.

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In other Horace Mann Educators Corporation news, CFO Bret A. Conklin sold 4,085 shares of the stock in a transaction on Friday, June 16th. The shares were sold at an average price of $37.95, for a total transaction of $155,025.75. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.40% of the company’s stock.

Several large investors have recently modified their holdings of HMN. State of Tennessee Treasury Department increased its stake in shares of Horace Mann Educators Corporation by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 38,355 shares of the insurance provider’s stock valued at $1,574,000 after buying an additional 5,788 shares in the last quarter. Virginia Retirement Systems ET AL acquired a new stake in shares of Horace Mann Educators Corporation during the first quarter valued at about $406,000. Parametric Portfolio Associates LLC increased its stake in shares of Horace Mann Educators Corporation by 10.2% in the first quarter. Parametric Portfolio Associates LLC now owns 184,941 shares of the insurance provider’s stock valued at $7,592,000 after buying an additional 17,116 shares in the last quarter. Karp Capital Management Corp acquired a new stake in shares of Horace Mann Educators Corporation during the first quarter valued at about $965,000. Finally, UBS Asset Management Americas Inc. increased its stake in shares of Horace Mann Educators Corporation by 47.8% in the first quarter. UBS Asset Management Americas Inc. now owns 29,084 shares of the insurance provider’s stock valued at $1,194,000 after buying an additional 9,412 shares in the last quarter. 98.26% of the stock is currently owned by institutional investors.

Horace Mann Educators Corporation Company Profile

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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