Horace Mann Educators (NYSE:HMN) Rating Lowered to Hold at Wall Street Zen

Horace Mann Educators (NYSE:HMN) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Horace Mann Educators in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $46.75.

Horace Mann Educators Trading Down 0.3%

NYSE:HMN opened at $46.07 on Friday. The firm has a 50-day simple moving average of $45.05 and a 200-day simple moving average of $44.17. Horace Mann Educators has a one year low of $36.20 and a one year high of $48.33. The firm has a market cap of $1.87 billion, a P/E ratio of 11.66 and a beta of 0.08. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.10 and a current ratio of 0.10.

Horace Mann Educators (NYSE:HMN) last released its quarterly earnings data on Monday, April 3rd. The insurance provider reported $1.18 earnings per share (EPS) for the quarter. The firm had revenue of $330.60 million for the quarter. Horace Mann Educators had a net margin of 9.79% and a return on equity of 15.69%. Equities analysts anticipate that Horace Mann Educators will post 3.87 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Mark R. Desrochers sold 3,000 shares of the business’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $47.00, for a total transaction of $141,000.00. Following the sale, the senior vice president owned 20,556 shares in the company, valued at approximately $966,132. The trade was a 12.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Henry Wade Reece sold 1,316 shares of the stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $45.27, for a total transaction of $59,575.32. Following the completion of the transaction, the director directly owned 39,001 shares of the company’s stock, valued at $1,765,575.27. The trade was a 3.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 20,398 shares of company stock valued at $921,348. 3.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Horace Mann Educators

A number of large investors have recently made changes to their positions in the stock. KLP Kapitalforvaltning AS grew its stake in Horace Mann Educators by 52.5% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 24,100 shares of the insurance provider’s stock valued at $1,036,000 after purchasing an additional 8,300 shares during the last quarter. First Citizens Bank & Trust Co. purchased a new stake in Horace Mann Educators in the second quarter valued at approximately $514,000. Nuveen LLC purchased a new stake in Horace Mann Educators in the first quarter valued at approximately $5,089,000. Exchange Traded Concepts LLC increased its holdings in Horace Mann Educators by 1.9% in the 2nd quarter. Exchange Traded Concepts LLC now owns 19,532 shares of the insurance provider’s stock worth $839,000 after buying an additional 372 shares during the period. Finally, Prudential Financial Inc. lifted its stake in Horace Mann Educators by 76.7% during the 2nd quarter. Prudential Financial Inc. now owns 74,802 shares of the insurance provider’s stock valued at $3,214,000 after acquiring an additional 32,464 shares during the period. 99.28% of the stock is owned by hedge funds and other institutional investors.

Horace Mann Educators Company Profile

Horace Mann Educators Corporation, together with its subsidiaries, operates as an insurance holding company in the United States. The company operates through Property & Casualty, Life & Retirement, and Supplemental & Group Benefits segments. Its Property & Casualty segment offers insurance products, including private passenger auto insurance, residential home insurance, and personal umbrella insurance; and provides auto coverages including liability and collision, and property coverage for homeowners and renters.