Zacks Investment Research upgraded shares of Horace Mann Educators Corporation (NYSE:HMN) from a sell rating to a hold rating in a research report report published on Friday morning.
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. “
Other research analysts also recently issued research reports about the company. TheStreet raised Horace Mann Educators Corporation from a c+ rating to a b- rating in a research note on Wednesday, September 27th. BidaskClub raised Horace Mann Educators Corporation from a sell rating to a hold rating in a research note on Friday, August 18th. 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 for the company in a research note on Tuesday, September 5th. Five analysts have rated the stock with a hold rating, Horace Mann Educators Corporation presently has a consensus rating of Hold and a consensus target price of $37.00.
Horace Mann Educators Corporation (NYSE HMN) opened at 44.30 on Friday. Horace Mann Educators Corporation has a 52 week low of $33.30 and a 52 week high of $45.44. The stock has a 50 day moving average of $39.64 and a 200 day moving average of $38.08. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 28.56 and a beta of 1.08.
Horace Mann Educators Corporation (NYSE:HMN) last released its quarterly earnings data on Tuesday, October 24th. The insurance provider reported $0.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.47. Horace Mann Educators Corporation had a return on equity of 5.00% and a net margin of 5.56%. The company had revenue of $289.80 million during the quarter, compared to the consensus estimate of $293.10 million. During the same quarter in the prior year, the firm posted $0.58 earnings per share. The firm’s revenue was down .5% compared to the same quarter last year. Equities research analysts predict that Horace Mann Educators Corporation will post $1.58 earnings per share for the current fiscal year.
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In related news, Director Robert Stricker sold 3,500 shares of the company’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 value of $137,725.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.40% of the company’s stock.
A number of hedge funds have recently made changes to their positions in HMN. UBS Asset Management Americas Inc. boosted its holdings in Horace Mann Educators Corporation by 47.8% in the first quarter. UBS Asset Management Americas Inc. now owns 29,084 shares of the insurance provider’s stock valued at $1,194,000 after acquiring an additional 9,412 shares during the last quarter. Stifel Financial Corp bought a new stake in Horace Mann Educators Corporation in the first quarter valued at approximately $206,000. SG Americas Securities LLC boosted its holdings in Horace Mann Educators Corporation by 41.3% in the first quarter. SG Americas Securities LLC now owns 3,709 shares of the insurance provider’s stock valued at $152,000 after acquiring an additional 1,085 shares during the last quarter. OppenheimerFunds Inc. boosted its holdings in Horace Mann Educators Corporation by 14.2% in the first quarter. OppenheimerFunds Inc. now owns 33,709 shares of the insurance provider’s stock valued at $1,383,000 after acquiring an additional 4,192 shares during the last quarter. Finally, Teachers Advisors LLC boosted its holdings in Horace Mann Educators Corporation by 2.6% in the first quarter. Teachers Advisors LLC now owns 68,456 shares of the insurance provider’s stock valued at $2,810,000 after acquiring an additional 1,746 shares during the last quarter. Institutional investors and hedge funds own 98.20% of the company’s stock.
Horace Mann Educators Corporation Company Profile
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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