Zacks Investment Research upgraded shares of Horace Mann Educators (NYSE:HMN) from a strong sell rating to a hold rating in a report published on Wednesday.
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. “
A number of other research firms also recently commented on HMN. ValuEngine upgraded Horace Mann Educators from a hold rating to a buy rating in a report on Thursday, March 8th. Keefe, Bruyette & Woods set a $43.00 price objective on Horace Mann Educators and gave the stock a hold rating in a report on Wednesday, February 7th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Horace Mann Educators has an average rating of Hold and an average target price of $46.50.
NYSE:HMN opened at $44.35 on Wednesday. Horace Mann Educators has a 52 week low of $33.85 and a 52 week high of $47.65. The company has a market capitalization of $1,786.18, a P/E ratio of 25.49 and a beta of 0.95. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.08 and a current ratio of 0.08.
Horace Mann Educators (NYSE:HMN) last released its quarterly earnings data on Tuesday, February 6th. The insurance provider reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.09. Horace Mann Educators had a return on equity of 5.17% and a net margin of 14.46%. The firm had revenue of $303.00 million for the quarter. During the same quarter in the prior year, the company posted $0.52 EPS. The company’s quarterly revenue was up 7.1% on a year-over-year basis. sell-side analysts anticipate that Horace Mann Educators will post 2.25 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Monday, March 19th were issued a $0.285 dividend. The ex-dividend date of this dividend was Friday, March 16th. This represents a $1.14 dividend on an annualized basis and a yield of 2.57%. This is an increase from Horace Mann Educators’s previous quarterly dividend of $0.28. Horace Mann Educators’s dividend payout ratio is currently 65.52%.
In related news, CFO Bret A. Conklin sold 4,259 shares of the stock in a transaction that occurred on Wednesday, March 21st. The stock was sold at an average price of $44.82, for a total value of $190,888.38. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 2.10% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in Horace Mann Educators by 4.1% during the fourth quarter. BlackRock Inc. now owns 5,348,030 shares of the insurance provider’s stock valued at $235,848,000 after purchasing an additional 209,269 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Horace Mann Educators by 0.5% during the fourth quarter. Wells Fargo & Company MN now owns 277,898 shares of the insurance provider’s stock valued at $12,256,000 after purchasing an additional 1,340 shares during the last quarter. Koch Industries Inc. acquired a new position in Horace Mann Educators during the fourth quarter valued at approximately $263,000. Citadel Advisors LLC grew its holdings in Horace Mann Educators by 28.6% during the fourth quarter. Citadel Advisors LLC now owns 99,298 shares of the insurance provider’s stock valued at $4,379,000 after purchasing an additional 22,096 shares during the last quarter. Finally, Eaton Vance Management grew its holdings in Horace Mann Educators by 4.6% during the fourth quarter. Eaton Vance Management now owns 184,134 shares of the insurance provider’s stock valued at $8,120,000 after purchasing an additional 8,073 shares during the last quarter. Hedge funds and other institutional investors own 98.26% of the company’s stock.
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Horace Mann Educators Company Profile
Horace Mann Educators Corporation, through its subsidiaries, operates as a multiline insurance company in the United States. The Company operates Property and Casualty Insurance, Annuity Products, and Life Insurance segments. 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 annuities; and life insurance products.
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