Horace Mann Educators (NYSE:HMN) Cut to “Sell” at ValuEngine

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ValuEngine downgraded shares of Horace Mann Educators (NYSE:HMN) from a hold rating to a sell rating in a research report report published on Saturday, ValuEngine reports.

A number of other equities research analysts have also recently weighed in on the company. TheStreet cut Horace Mann Educators from a b- rating to a c rating in a research note on Friday, March 27th. Zacks Investment Research upgraded Horace Mann Educators from a hold rating to a buy rating and set a $41.00 price objective for the company in a research note on Wednesday, June 3rd. Finally, Piper Sandler reduced their price objective on Horace Mann Educators from $48.00 to $45.00 and set an overweight rating for the company in a research note on Friday, April 3rd.

HMN stock opened at $35.48 on Friday. The business has a 50 day moving average price of $35.82 and a 200 day moving average price of $38.96. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 8.74 and a beta of 0.48. Horace Mann Educators has a fifty-two week low of $30.48 and a fifty-two week high of $48.15. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.20.

Horace Mann Educators (NYSE:HMN) last posted its earnings results on Thursday, May 7th. The insurance provider reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.09. The firm had revenue of $307.30 million during the quarter, compared to analysts’ expectations of $332.50 million. Horace Mann Educators had a return on equity of 6.45% and a net margin of 11.98%. As a group, sell-side analysts anticipate that Horace Mann Educators will post 2.75 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date is Monday, June 15th. Horace Mann Educators’s dividend payout ratio is currently 54.55%.

In other news, EVP Matthew P. Sharpe sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of $35.00, for a total value of $122,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.60% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in the company. Americana Partners LLC acquired a new position in Horace Mann Educators during the fourth quarter worth $48,000. Tower Research Capital LLC TRC acquired a new position in Horace Mann Educators during the fourth quarter worth $59,000. Quantbot Technologies LP grew its holdings in Horace Mann Educators by 37.5% during the fourth quarter. Quantbot Technologies LP now owns 2,061 shares of the insurance provider’s stock worth $89,000 after acquiring an additional 562 shares during the period. First Bank & Trust grew its holdings in Horace Mann Educators by 102.2% during the first quarter. First Bank & Trust now owns 2,267 shares of the insurance provider’s stock worth $83,000 after acquiring an additional 1,146 shares during the period. Finally, Acadian Asset Management LLC acquired a new position in Horace Mann Educators during the fourth quarter worth $103,000. 99.00% of the stock is currently owned by institutional investors and hedge funds.

About Horace Mann Educators

Horace Mann Educators Corporation, through its subsidiaries, operates as a multiline insurance company in the United States. The Company operates through four segments: Property and Casualty, Retirement, Life, and Corporate and Other. 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 fixed and variable annuities; and life insurance products.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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