Horace Mann Educators (NYSE:HMN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

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. “

Separately, Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Horace Mann Educators in a research report on Wednesday, December 6th.

Horace Mann Educators (NYSE:HMN) opened at $41.80 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.09 and a quick ratio of 0.09. The stock has a market capitalization of $1,700.00, a PE ratio of 10.27 and a beta of 1.02. Horace Mann Educators has a 52-week low of $33.85 and a 52-week high of $47.65.

Horace Mann Educators (NYSE:HMN) last posted its quarterly earnings results on Tuesday, February 6th. The insurance provider reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.09. The firm had revenue of $303.00 million during the quarter. Horace Mann Educators had a return on equity of 5.31% and a net margin of 14.46%. Horace Mann Educators’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.52 EPS. research analysts expect that Horace Mann Educators will post 2.3 earnings per share for the current year.

In other news, Director Robert Stricker sold 3,829 shares of Horace Mann Educators stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $45.75, for a total value of $175,176.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.40% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of HMN. Teachers Advisors LLC raised its position in shares of Horace Mann Educators by 7.1% in the 2nd quarter. Teachers Advisors LLC now owns 73,307 shares of the insurance provider’s stock worth $2,771,000 after purchasing an additional 4,851 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in shares of Horace Mann Educators by 1.5% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 110,069 shares of the insurance provider’s stock worth $4,161,000 after purchasing an additional 1,621 shares during the last quarter. Amalgamated Bank raised its position in shares of Horace Mann Educators by 1.4% in the 2nd quarter. Amalgamated Bank now owns 5,563 shares of the insurance provider’s stock worth $210,000 after purchasing an additional 78 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Horace Mann Educators by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 3,813,026 shares of the insurance provider’s stock worth $144,132,000 after purchasing an additional 105,493 shares during the last quarter. Finally, Advisor Group Inc. raised its position in shares of Horace Mann Educators by 32.0% in the 2nd quarter. Advisor Group Inc. now owns 3,023 shares of the insurance provider’s stock worth $114,000 after purchasing an additional 733 shares during the last quarter. 98.26% of the stock is owned by hedge funds and other institutional investors.

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Horace Mann Educators 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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