Horace Mann Educators (NYSE:HMN) Rating Lowered to Hold at StockNews.com

Horace Mann Educators (NYSE:HMN) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

A number of other research analysts have also recently issued reports on the company. TheStreet raised Horace Mann Educators from a “c” rating to a “b” rating in a research note on Wednesday, February 7th. Piper Sandler lowered their target price on shares of Horace Mann Educators from $40.00 to $39.00 and set a “neutral” rating on the stock in a report on Friday, April 5th. Finally, Keefe, Bruyette & Woods upgraded Horace Mann Educators from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $33.00 to $40.00 in a research note on Monday, January 29th.

Horace Mann Educators Stock Performance

NYSE:HMN opened at $34.49 on Tuesday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.46. The firm’s fifty day simple moving average is $35.93 and its 200 day simple moving average is $33.91. The firm has a market capitalization of $1.41 billion, a PE ratio of 31.94 and a beta of 0.28. Horace Mann Educators has a 1 year low of $27.81 and a 1 year high of $38.29.

Horace Mann Educators (NYSE:HMN) last issued its earnings results on Wednesday, February 7th. The insurance provider reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.19. The business had revenue of $402.90 million during the quarter, compared to analysts’ expectations of $394.40 million. Horace Mann Educators had a return on equity of 5.71% and a net margin of 3.02%. On average, sell-side analysts anticipate that Horace Mann Educators will post 3.15 EPS for the current year.

Insider Buying and Selling at Horace Mann Educators

In related news, CEO Marita Zuraitis sold 2,700 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $37.00, for a total value of $99,900.00. Following the sale, the chief executive officer now owns 280,832 shares in the company, valued at approximately $10,390,784. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Marita Zuraitis sold 2,700 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $37.00, for a total transaction of $99,900.00. Following the completion of the sale, the chief executive officer now owns 280,832 shares in the company, valued at $10,390,784. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Bret A. Conklin sold 9,689 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $35.80, for a total value of $346,866.20. Following the completion of the sale, the chief financial officer now owns 63,922 shares in the company, valued at $2,288,407.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 73,077 shares of company stock valued at $2,682,021. Corporate insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On Horace Mann Educators

Several large investors have recently added to or reduced their stakes in HMN. Cornerstone Wealth Group LLC bought a new stake in shares of Horace Mann Educators in the 1st quarter worth approximately $266,000. Goldman Sachs Group Inc. lifted its position in Horace Mann Educators by 9.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 342,884 shares of the insurance provider’s stock valued at $11,212,000 after acquiring an additional 29,005 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Horace Mann Educators by 12.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 28,976 shares of the insurance provider’s stock worth $948,000 after purchasing an additional 3,141 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in Horace Mann Educators by 37.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 11,826 shares of the insurance provider’s stock valued at $387,000 after purchasing an additional 3,222 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Horace Mann Educators by 0.5% during the fourth quarter. Legal & General Group Plc now owns 113,335 shares of the insurance provider’s stock valued at $3,706,000 after buying an additional 557 shares during the last quarter. Institutional investors own 99.28% of the company’s stock.

About Horace Mann Educators

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.