Horace Mann Educators (NYSE:HMN) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday. The firm currently has a $50.00 price target on the insurance provider’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 13.12% from the stock’s previous close.
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 equities analysts have also recently weighed in on HMN. TheStreet upgraded shares of Horace Mann Educators from a “c+” rating to a “b-” rating in a research report on Wednesday, September 27th. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Horace Mann Educators in a research note on Wednesday, December 6th.
Horace Mann Educators (NYSE:HMN) opened at $44.20 on Thursday. Horace Mann Educators has a 52-week low of $33.85 and a 52-week high of $47.65. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.09 and a current ratio of 0.09. The firm has a market cap of $1,791.39, a P/E ratio of 28.70 and a beta of 1.17.
Horace Mann Educators (NYSE:HMN) last posted its quarterly earnings data on Tuesday, October 24th. The insurance provider reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.47. Horace Mann Educators had a net margin of 5.56% and a return on equity of 4.94%. The firm had revenue of $289.80 million for the quarter, compared to analysts’ expectations of $293.10 million. During the same period in the previous year, the company posted $0.58 EPS. The company’s quarterly revenue was down .5% compared to the same quarter last year. equities analysts anticipate that Horace Mann Educators will post 1.7 earnings per share for the current year.
In other Horace Mann Educators news, Director Robert Stricker sold 3,829 shares of Horace Mann Educators stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $45.75, for a total transaction of $175,176.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.40% of the company’s stock.
Large investors have recently modified their holdings of the business. Advisor Group Inc. boosted its stake in shares of Horace Mann Educators by 32.0% during the 2nd quarter. Advisor Group Inc. now owns 3,023 shares of the insurance provider’s stock valued at $114,000 after buying an additional 733 shares during the period. Stifel Financial Corp acquired a new stake in shares of Horace Mann Educators during the 3rd quarter valued at $203,000. Amalgamated Bank boosted its stake in shares of Horace Mann Educators by 1.4% during the 2nd quarter. Amalgamated Bank now owns 5,563 shares of the insurance provider’s stock valued at $210,000 after buying an additional 78 shares during the period. CIBC Asset Management Inc acquired a new stake in shares of Horace Mann Educators during the 3rd quarter valued at $214,000. Finally, Piedmont Investment Advisors LLC acquired a new stake in shares of Horace Mann Educators during the 2nd quarter valued at $331,000.
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About Horace Mann Educators
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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