Zacks Investment Research upgraded shares of Horace Mann Educators Corporation (NYSE:HMN) from a sell rating to a hold rating in a report released on Friday, October 27th.
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. “
Several other brokerages have also recently issued reports on HMN. TheStreet raised Horace Mann Educators Corporation from a c+ rating to a b- rating in a research report on Wednesday, September 27th. BidaskClub cut Horace Mann Educators Corporation from a sell rating to a strong sell rating in a research report on Monday, July 24th. Finally, Keefe, Bruyette & Woods raised Horace Mann Educators Corporation from an underperform rating to a market perform rating and set a $37.00 price objective on the stock in a research report on Tuesday, September 5th.
Shares of Horace Mann Educators Corporation (HMN) traded up $0.55 during mid-day trading on Friday, reaching $45.75. The company had a trading volume of 204,200 shares, compared to its average volume of 175,944. Horace Mann Educators Corporation has a 12 month low of $33.85 and a 12 month high of $45.85. The stock has a market capitalization of $1,860.52, a price-to-earnings ratio of 28.59 and a beta of 1.16. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.09 and a quick ratio of 0.09.
Horace Mann Educators Corporation (NYSE:HMN) last announced its quarterly earnings data on Tuesday, October 24th. The insurance provider reported $0.69 EPS for the quarter, beating the consensus estimate of $0.22 by $0.47. Horace Mann Educators Corporation had a return on equity of 4.94% and a net margin of 5.56%. The business had revenue of $289.80 million during the quarter, compared to analyst estimates of $293.10 million. During the same quarter last year, the firm posted $0.58 earnings per share. The company’s revenue for the quarter was down .5% on a year-over-year basis. research analysts predict that Horace Mann Educators Corporation will post 1.7 EPS for the current year.
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In other news, Director Robert Stricker sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $39.35, for a total transaction of $137,725.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.10% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN grew its position in Horace Mann Educators Corporation by 69.7% in the 3rd quarter. Wells Fargo & Company MN now owns 276,558 shares of the insurance provider’s stock valued at $10,882,000 after acquiring an additional 113,554 shares during the last quarter. Citadel Advisors LLC lifted its holdings in shares of Horace Mann Educators Corporation by 58.3% in the 3rd quarter. Citadel Advisors LLC now owns 77,202 shares of the insurance provider’s stock worth $3,038,000 after buying an additional 28,432 shares during the period. American International Group Inc. lifted its holdings in shares of Horace Mann Educators Corporation by 5.8% in the 3rd quarter. American International Group Inc. now owns 32,359 shares of the insurance provider’s stock worth $1,273,000 after buying an additional 1,778 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Horace Mann Educators Corporation by 9.8% in the 3rd quarter. SG Americas Securities LLC now owns 16,150 shares of the insurance provider’s stock worth $636,000 after buying an additional 1,436 shares during the period. Finally, Advisors Asset Management Inc. lifted its holdings in shares of Horace Mann Educators Corporation by 5.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 29,994 shares of the insurance provider’s stock worth $1,180,000 after buying an additional 1,429 shares during the period. 99.58% of the stock is currently owned by institutional investors.
About Horace Mann Educators Corporation
Horace Mann Educators Corporation (HMEC) is an insurance holding company. Through its subsidiaries, HMEC markets and underwrites personal lines of property and casualty (primarily personal lines automobile and homeowners) insurance, retirement annuities (primarily tax-qualified products) and life insurance in the United States.
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