Horace Mann Educators (NYSE:HMN) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of Horace Mann Educators (NYSE:HMN) from a buy rating to a hold rating in a report issued on Tuesday.

HMN has been the subject of a number of other reports. TheStreet raised shares of Horace Mann Educators from a c rating to a b rating in a research report on Wednesday, February 7th. Piper Sandler reduced their price objective on Horace Mann Educators from $40.00 to $39.00 and set a neutral rating for the company 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 boosted their target price for the company from $33.00 to $40.00 in a research note on Monday, January 29th.

Horace Mann Educators Stock Up 2.7 %

HMN stock opened at $35.42 on Tuesday. The stock has a market cap of $1.45 billion, a P/E ratio of 32.79 and a beta of 0.28. 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 stock’s fifty day simple moving average is $35.90 and its two-hundred day simple moving average is $33.92. 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 quarterly earnings results on Wednesday, February 7th. The insurance provider reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.19. The company had revenue of $402.90 million for the quarter, compared to the consensus estimate of $394.40 million. Horace Mann Educators had a net margin of 3.02% and a return on equity of 5.71%. Analysts expect that Horace Mann Educators will post 3.15 EPS for the current year.

Horace Mann Educators Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a $0.34 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from Horace Mann Educators’s previous quarterly dividend of $0.33. This represents a $1.36 annualized dividend and a yield of 3.84%. Horace Mann Educators’s dividend payout ratio (DPR) is 125.93%.

Insider Activity at Horace Mann Educators

In other Horace Mann Educators news, SVP Kimberly A. Johnson sold 5,000 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $36.00, for a total transaction of $180,000.00. Following the sale, the senior vice president now owns 21,674 shares in the company, valued at $780,264. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, SVP Kimberly A. Johnson sold 5,000 shares of the stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $36.00, for a total transaction of $180,000.00. Following the sale, the senior vice president now owns 21,674 shares of the company’s stock, valued at approximately $780,264. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Bret A. Conklin sold 9,689 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $35.80, for a total value of $346,866.20. Following the completion of the transaction, the chief financial officer now owns 63,922 shares of the company’s stock, valued at approximately $2,288,407.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 74,327 shares of company stock worth $2,728,271. Corporate insiders own 3.20% of the company’s stock.

Hedge Funds Weigh In On Horace Mann Educators

A number of hedge funds and other institutional investors have recently modified their holdings of the company. TFO Wealth Partners LLC raised its position in Horace Mann Educators by 6,084.6% during the 4th quarter. TFO Wealth Partners LLC now owns 804 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 791 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of Horace Mann Educators during the fourth quarter valued at approximately $36,000. State of Wyoming raised its holdings in shares of Horace Mann Educators by 41.0% during the second quarter. State of Wyoming now owns 1,509 shares of the insurance provider’s stock valued at $45,000 after acquiring an additional 439 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Horace Mann Educators by 675.6% in the first quarter. Tower Research Capital LLC TRC now owns 2,094 shares of the insurance provider’s stock worth $70,000 after acquiring an additional 1,824 shares during the period. Finally, Point72 Hong Kong Ltd bought a new stake in Horace Mann Educators in the second quarter valued at $83,000. 99.28% of the stock is currently owned by hedge funds and other institutional investors.

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.