Horace Mann Educators (NYSE:HMN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Horace Mann Educators (NYSE:HMN) from a hold rating to a buy rating in a report released on Monday,Wall Street Zen reports.

A number of other equities analysts have also recently issued reports on the company. Weiss Ratings restated a “buy (a-)” rating on shares of Horace Mann Educators in a report on Friday, September 11th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $59.00 price objective on shares of Horace Mann Educators in a research report on Thursday, August 13th. Finally, Zacks Research raised Horace Mann Educators from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $59.00.

Horace Mann Educators Stock Down 0.3%

Shares of NYSE HMN opened at $45.70 on Monday. Horace Mann Educators has a 1 year low of $41.29 and a 1 year high of $55.56. The firm has a 50-day simple moving average of $49.02 and a two-hundred day simple moving average of $48.36. The company has a market cap of $1.85 billion, a P/E ratio of 10.68 and a beta of 0.08. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.08 and a quick ratio of 0.08.

Horace Mann Educators (NYSE:HMN) last released its earnings results on Friday, August 7th. The insurance provider reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.38. Horace Mann Educators had a return on equity of 14.08% and a net margin of 10.15%. The firm had revenue of $443.50 million for the quarter, compared to analysts’ expectations of $321.70 million. During the same quarter in the prior year, the firm posted $1.06 earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. Research analysts anticipate that Horace Mann Educators will post 4.78 earnings per share for the current year.

Horace Mann Educators Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th were issued a dividend of $0.36 per share. The ex-dividend date was Wednesday, September 16th. This represents a $1.44 dividend on an annualized basis and a yield of 3.2%. Horace Mann Educators’s dividend payout ratio (DPR) is presently 33.64%.

Insider Activity at Horace Mann Educators

In other Horace Mann Educators news, CEO Marita Zuraitis sold 550 shares of the business’s stock in a transaction dated Thursday, October 8th. The shares were sold at an average price of $46.01, for a total value of $25,305.50. Following the completion of the sale, the chief executive officer directly owned 300,734 shares of the company’s stock, valued at $13,836,771.34. The trade was a 0.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Donald Carley sold 2,054 shares of the business’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $52.28, for a total transaction of $107,383.12. Following the completion of the sale, the general counsel directly owned 28,760 shares of the company’s stock, valued at approximately $1,503,572.80. This trade represents a 6.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 20,941 shares of company stock worth $1,078,975 in the last 90 days. 3.60% of the stock is owned by corporate insiders.

Institutional Trading of Horace Mann Educators

A number of large investors have recently modified their holdings of the company. Corient Private Wealth LP raised its position in Horace Mann Educators by 0.5% during the 2nd quarter. Corient Private Wealth LP now owns 45,691 shares of the insurance provider’s stock valued at $2,360,000 after purchasing an additional 226 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Horace Mann Educators by 24.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,189 shares of the insurance provider’s stock worth $51,000 after buying an additional 234 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Horace Mann Educators by 5.7% during the 3rd quarter. GAMMA Investing LLC now owns 6,314 shares of the insurance provider’s stock worth $282,000 after buying an additional 341 shares in the last quarter. R Squared Ltd grew its position in shares of Horace Mann Educators by 11.8% during the 1st quarter. R Squared Ltd now owns 5,640 shares of the insurance provider’s stock worth $241,000 after buying an additional 594 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Horace Mann Educators during the 2nd quarter worth $33,000. Hedge funds and other institutional investors own 99.28% of the company’s stock.

Horace Mann Educators Company Profile

Horace Mann Educators Corporation (NYSE: HMN) is an insurance and financial services company focused on serving educators and other employees of public schools. Through its subsidiaries and affiliated agencies, the company provides insurance products and retirement solutions designed to address the needs of the education community.

Its offerings include automobile and homeowners insurance, life insurance, annuities, and other supplemental insurance products. Horace Mann also provides retirement products and services intended to help educators plan for long-term financial needs.