TheStreet Downgrades Horace Mann Educators (NYSE:HMN) to C

TheStreet lowered shares of Horace Mann Educators (NYSE:HMNGet Rating) from a b- rating to a c rating in a report published on Thursday, TheStreetRatingsTable reports.

Separately, Piper Sandler dropped their price target on shares of Horace Mann Educators from $40.00 to $38.00 and set a neutral rating for the company in a research note on Thursday, July 14th.

Horace Mann Educators Stock Performance

Shares of NYSE HMN opened at $35.20 on Thursday. The firm’s fifty day moving average is $36.30 and its two-hundred day moving average is $38.84. Horace Mann Educators has a 52-week low of $32.60 and a 52-week high of $42.95. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.11 and a current ratio of 0.11. The company has a market cap of $1.46 billion, a P/E ratio of 12.53 and a beta of 0.45.

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

Horace Mann Educators Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th were given a $0.32 dividend. The ex-dividend date was Tuesday, June 14th. This represents a $1.28 annualized dividend and a yield of 3.64%. Horace Mann Educators’s dividend payout ratio (DPR) is 45.55%.

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Barclays PLC boosted its holdings in shares of Horace Mann Educators by 63.9% in the 4th quarter. Barclays PLC now owns 54,474 shares of the insurance provider’s stock valued at $2,108,000 after acquiring an additional 21,234 shares during the last quarter. Palisade Capital Management LLC NJ boosted its holdings in shares of Horace Mann Educators by 0.8% in the 4th quarter. Palisade Capital Management LLC NJ now owns 451,791 shares of the insurance provider’s stock valued at $17,484,000 after acquiring an additional 3,758 shares during the last quarter. Mutual of America Capital Management LLC boosted its holdings in shares of Horace Mann Educators by 5.2% in the 1st quarter. Mutual of America Capital Management LLC now owns 5,964 shares of the insurance provider’s stock valued at $249,000 after acquiring an additional 296 shares during the last quarter. Foundry Partners LLC purchased a new stake in shares of Horace Mann Educators in the 1st quarter valued at $389,000. Finally, New York State Common Retirement Fund boosted its holdings in shares of Horace Mann Educators by 9.5% in the 1st quarter. New York State Common Retirement Fund now owns 803,821 shares of the insurance provider’s stock valued at $33,624,000 after acquiring an additional 69,886 shares during the last quarter.

Horace Mann Educators Company Profile

(Get Rating)

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.

Featured Articles

Receive News & Ratings for Horace Mann Educators Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Horace Mann Educators and related companies with MarketBeat.com's FREE daily email newsletter.