Horace Mann Educators (NYSE:HMN) Downgraded by ValuEngine

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ValuEngine cut shares of Horace Mann Educators (NYSE:HMN) from a hold rating to a sell rating in a research report report published on Saturday, ValuEngine reports.

A number of other brokerages have also issued reports on HMN. TheStreet lowered Horace Mann Educators from a b- rating to a c rating in a research note on Friday, March 27th. Zacks Investment Research upgraded Horace Mann Educators from a hold rating to a buy rating and set a $41.00 price objective for the company in a research note on Wednesday, June 3rd. Finally, Piper Sandler reduced their price objective on Horace Mann Educators from $48.00 to $45.00 and set an overweight rating for the company in a research note on Friday, April 3rd.

Shares of HMN stock opened at $35.92 on Friday. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 8.85 and a beta of 0.48. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.05 and a quick ratio of 0.05. The business has a fifty day moving average of $35.82 and a 200 day moving average of $38.92. Horace Mann Educators has a 1 year low of $30.48 and a 1 year high of $48.15.

Horace Mann Educators (NYSE:HMN) last issued its earnings results on Thursday, May 7th. The insurance provider reported $0.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.09. The company had revenue of $307.30 million during the quarter, compared to analyst estimates of $332.50 million. Horace Mann Educators had a return on equity of 6.45% and a net margin of 11.98%. As a group, equities research analysts expect that Horace Mann Educators will post 2.75 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.34%. Horace Mann Educators’s payout ratio is currently 54.55%.

In other Horace Mann Educators news, EVP Matthew P. Sharpe sold 3,500 shares of Horace Mann Educators stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $35.00, for a total transaction of $122,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.60% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HMN. Americana Partners LLC purchased a new position in shares of Horace Mann Educators during the 4th quarter valued at about $48,000. Tower Research Capital LLC TRC purchased a new position in shares of Horace Mann Educators in the 4th quarter valued at about $59,000. First Bank & Trust increased its stake in shares of Horace Mann Educators by 102.2% in the 1st quarter. First Bank & Trust now owns 2,267 shares of the insurance provider’s stock valued at $83,000 after purchasing an additional 1,146 shares in the last quarter. Quantbot Technologies LP increased its stake in shares of Horace Mann Educators by 37.5% in the 4th quarter. Quantbot Technologies LP now owns 2,061 shares of the insurance provider’s stock valued at $89,000 after purchasing an additional 562 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new position in shares of Horace Mann Educators in the 4th quarter valued at about $103,000. Institutional investors and hedge funds own 99.00% of the company’s stock.

About Horace Mann Educators

Horace Mann Educators Corporation, through its subsidiaries, operates as a multiline insurance company in the United States. The Company operates through four segments: Property and Casualty, Retirement, Life, and Corporate and Other. It underwrites and markets personal lines of property and casualty insurance, including personal lines automobile and property insurance products; retirement products, such as tax-qualified fixed and variable annuities; and life insurance products.

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