Horace Mann Educators (NYSE:HMN) Rating Lowered to C at TheStreet

Horace Mann Educators (NYSE:HMN – Get Rating) was downgraded by equities research analysts at TheStreet from a “b-” rating to a “c” rating in a report issued on Thursday, TheStreetRatingsTable reports.

Separately, Piper Sandler dropped their price target on Horace Mann Educators from $40.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, July 14th.

Horace Mann Educators Trading Up 4.2 %

NYSE HMN opened at $35.20 on Thursday. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.17. Horace Mann Educators has a twelve month low of $32.60 and a twelve month high of $42.95. The firm has a market capitalization of $1.46 billion, a PE ratio of 12.53 and a beta of 0.45. The stock’s 50 day moving average is $36.30 and its 200 day moving average is $38.84.

Horace Mann Educators (NYSE:HMN – Get Rating) last released its quarterly earnings results on Thursday, August 4th. The insurance provider reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.15. Horace Mann Educators had a return on equity of 7.57% and a net margin of 8.71%. The company had revenue of $346.30 million for the quarter, compared to analyst estimates of $349.70 million. During the same period in the previous year, the company posted $1.02 earnings per share. The firm’s revenue was down .2% on a year-over-year basis. Research analysts forecast that Horace Mann Educators will post 2.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Horace Mann Educators

In related news, Director Thomas A. Bradley acquired 5,000 shares of the stock in a transaction on Wednesday, May 11th. The stock was acquired at an average price of $37.96 per share, for a total transaction of $189,800.00. Following the completion of the purchase, the director now owns 7,500 shares of the company’s stock, valued at $284,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Horace Mann Educators news, Director Thomas A. Bradley purchased 5,000 shares of the firm’s stock in a transaction dated Wednesday, May 11th. The stock was purchased at an average price of $37.96 per share, for a total transaction of $189,800.00. Following the completion of the purchase, the director now directly owns 7,500 shares of the company’s stock, valued at $284,700. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Matthew P. Sharpe sold 3,500 shares of the business’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of $34.43, for a total value of $120,505.00. Following the completion of the transaction, the executive vice president now owns 74,386 shares of the company’s stock, valued at approximately $2,561,109.98. The disclosure for this sale can be found here. 3.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of HMN. Fifth Third Bancorp increased its position in Horace Mann Educators by 16.0% during the second quarter. Fifth Third Bancorp now owns 11,350 shares of the insurance provider’s stock valued at $436,000 after acquiring an additional 1,562 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Horace Mann Educators by 4.6% during the second quarter. Envestnet Asset Management Inc. now owns 100,869 shares of the insurance provider’s stock valued at $3,871,000 after acquiring an additional 4,414 shares during the last quarter. Assetmark Inc. increased its position in Horace Mann Educators by 383.7% during the second quarter. Assetmark Inc. now owns 1,040 shares of the insurance provider’s stock valued at $40,000 after acquiring an additional 825 shares during the last quarter. Comerica Bank increased its position in Horace Mann Educators by 2.8% during the second quarter. Comerica Bank now owns 37,342 shares of the insurance provider’s stock valued at $1,261,000 after acquiring an additional 1,023 shares during the last quarter. Finally, First Horizon Advisors Inc. purchased a new stake in Horace Mann Educators during the second quarter valued at $78,000.

About Horace Mann Educators

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Horace Mann Educators Corporation, together with its subsidiaries, operates as an insurance holding company in the United States. It operates in three segments: Property & Casualty, Life & Retirement, and Supplemental & Group Benefits. The company underwrites and markets personal lines of property and casualty insurance, including personal lines auto and property insurance products; supplemental insurance products, which include cancer, heart, hospital, supplemental disability, and accident coverages; retirement products, such as tax-qualified fixed and variable annuities; and life insurance products comprising whole life and term, as well as indexed universal life insurance products.