Horace Mann Educators (NYSE:HMN) was upgraded by Zacks Investment Research from a â€śsellâ€ť rating to a â€śholdâ€ť rating in a report released on Wednesday.
According to Zacks, â€śHorace 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. â€ś
Shares of NYSE HMN opened at $43.93 on Wednesday. The firm has a market cap of $1.84 billion, a P/E ratio of 25.25 and a beta of 0.73. Horace Mann Educators has a 12-month low of $37.50 and a 12-month high of $47.65. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.06 and a current ratio of 0.06.
Horace Mann Educators (NYSE:HMN) last released its quarterly earnings data on Thursday, August 2nd. The insurance provider reported $0.13 earnings per share for the quarter, missing analystsâ€™ consensus estimates of $0.14 by ($0.01). Horace Mann Educators had a net margin of 14.89% and a return on equity of 5.90%. The business had revenue of $306.20 million during the quarter. Equities research analysts predict that Horace Mann Educators will post 1.95 earnings per share for the current fiscal year.
In other Horace Mann Educators news, CEO Marita Zuraitis sold 8,000 shares of the firmâ€™s stock in a transaction on Friday, August 31st. The shares were sold at an average price of $46.03, for a total value of $368,240.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Kimberly A. Johnson sold 2,000 shares of the firmâ€™s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $46.10, for a total transaction of $92,200.00. The disclosure for this sale can be found here. Insiders sold 34,440 shares of company stock worth $1,581,800 over the last ninety days. Insiders own 2.20% of the companyâ€™s stock.
Several institutional investors have recently added to or reduced their stakes in HMN. Integrated Investment Consultants LLC bought a new position in shares of Horace Mann Educators in the second quarter valued at $164,000. Ingalls & Snyder LLC bought a new position in shares of Horace Mann Educators in the second quarter valued at $203,000. Xact Kapitalforvaltning AB bought a new position in shares of Horace Mann Educators in the first quarter valued at $339,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Horace Mann Educators in the second quarter valued at $386,000. Finally, NJ State Employees Deferred Compensation Plan lifted its stake in shares of Horace Mann Educators by 40.0% in the second quarter. NJ State Employees Deferred Compensation Plan now owns 14,000 shares of the insurance providerâ€™s stock valued at $624,000 after buying an additional 4,000 shares in the last quarter. 99.30% of the stock is currently owned by hedge funds and other institutional investors.
About Horace Mann Educators
Horace Mann Educators Corporation, through its subsidiaries, operates as a multiline insurance company in the United States. The Company operates Property and Casualty Insurance, Annuity Products, and Life Insurance segments. It underwrites and markets personal lines of property and casualty insurance, including personal lines automobile and property insurance products; retirement products, such as tax-qualified annuities; and life insurance products.
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