Horace Mann Educators (NYSE:HMN) Stock Rating Lowered by Wall Street Zen

Horace Mann Educators (NYSE:HMN) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Sunday, Wall Street Zen reports.

Other equities research analysts have also recently issued reports about the stock. Weiss Ratings reissued a “buy (a-)” rating on shares of Horace Mann Educators in a research note on Friday, September 11th. Zacks Research upgraded Horace Mann Educators from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $59.00 price objective on shares of Horace Mann Educators in a research note on Thursday, August 13th. Three equities research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Strong Buy” and a consensus price target of $59.00.

Horace Mann Educators Stock Up 0.8%

HMN opened at $45.62 on Friday. The stock has a market capitalization of $1.85 billion, a P/E ratio of 10.66 and a beta of 0.08. Horace Mann Educators has a one year low of $41.29 and a one year high of $55.56. The business’s 50-day simple moving average is $49.94 and its 200-day simple moving average is $48.19. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.08 and a current ratio of 0.08.

Horace Mann Educators (NYSE:HMN) last announced its earnings results on Friday, August 7th. The insurance provider reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.38. Horace Mann Educators had a net margin of 10.15% and a return on equity of 14.08%. The business had revenue of $443.50 million during the quarter, compared to analysts’ expectations of $321.70 million. During the same period in the prior year, the company earned $1.06 earnings per share. The business’s revenue was up 7.7% compared to the same quarter last year. Analysts anticipate that Horace Mann Educators will post 4.78 EPS for the current year.

Insider Activity

In other Horace Mann Educators news, CEO Marita Zuraitis sold 7,500 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $50.99, for a total value of $382,425.00. Following the completion of the transaction, the chief executive officer owned 299,629 shares in the company, valued at approximately $15,278,082.71. This represents a 2.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Perry Hines sold 3,237 shares of Horace Mann Educators stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $52.22, for a total transaction of $169,036.14. Following the sale, the director owned 25,118 shares in the company, valued at approximately $1,311,661.96. This represents a 11.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 20,291 shares of company stock valued at $1,049,069. 3.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Horace Mann Educators

A number of large investors have recently made changes to their positions in the business. Corient Private Wealth LP raised its stake in shares of Horace Mann Educators by 0.5% during the 2nd quarter. Corient Private Wealth LP now owns 45,691 shares of the insurance provider’s stock valued at $2,360,000 after purchasing an additional 226 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Horace Mann Educators by 24.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,189 shares of the insurance provider’s stock worth $51,000 after purchasing an additional 234 shares during the period. GAMMA Investing LLC boosted its stake in Horace Mann Educators by 8.7% in the 2nd quarter. GAMMA Investing LLC now owns 5,973 shares of the insurance provider’s stock worth $309,000 after purchasing an additional 477 shares during the period. R Squared Ltd grew its holdings in Horace Mann Educators by 11.8% during the 1st quarter. R Squared Ltd now owns 5,640 shares of the insurance provider’s stock valued at $241,000 after buying an additional 594 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Horace Mann Educators during the second quarter valued at about $33,000. Institutional investors and hedge funds own 99.28% of the company’s stock.

About Horace Mann Educators

Horace Mann Educators Corporation (NYSE: HMN) is an insurance and financial services company focused on serving educators and other employees of public schools. Through its subsidiaries and affiliated agencies, the company provides insurance products and retirement solutions designed to address the needs of the education community.

Its offerings include automobile and homeowners insurance, life insurance, annuities, and other supplemental insurance products. Horace Mann also provides retirement products and services intended to help educators plan for long-term financial needs.