Horace Mann Educators (NYSE:HMN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Horace Mann Educators (NYSE:HMN) from a hold rating to a buy rating in a report published on Saturday morning,Wall Street Zen reports.

Several other equities analysts have also commented on HMN. Raymond James Financial restated a “strong-buy” rating and issued a $59.00 price objective on shares of Horace Mann Educators in a report on Thursday, August 13th. Zacks Research upgraded shares of Horace Mann Educators from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Finally, Weiss Ratings reissued a “buy (a-)” rating on shares of Horace Mann Educators in a research report on Friday, September 11th. Three equities research analysts have rated the stock with a Strong Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Strong Buy” and a consensus target price of $59.00.

Horace Mann Educators Trading Down 0.9%

HMN opened at $44.93 on Friday. Horace Mann Educators has a one year low of $41.29 and a one year high of $55.56. The stock has a market capitalization of $1.82 billion, a PE ratio of 10.50 and a beta of 0.08. The business’s 50 day moving average price is $50.57 and its 200 day moving average price is $48.09. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.08 and a current ratio of 0.08.

Horace Mann Educators (NYSE:HMN) last posted its earnings results on Wednesday, August 5th. The insurance provider reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.38. Horace Mann Educators had a return on equity of 14.08% and a net margin of 10.15%.The company had revenue of $443.50 million during the quarter, compared to analysts’ expectations of $321.70 million. During the same quarter last year, the firm earned $1.06 earnings per share. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. Horace Mann Educators has set its FY 2026 guidance at 4.600-4.900 EPS. As a group, equities research analysts expect that Horace Mann Educators will post 4.78 EPS for the current year.

Horace Mann Educators Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Wednesday, September 16th. Horace Mann Educators’s dividend payout ratio is currently 33.64%.

Insider Transactions at Horace Mann Educators

In related news, General Counsel Donald M. Carley sold 2,054 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $52.28, for a total transaction of $107,383.12. Following the sale, the general counsel directly owned 28,760 shares of the company’s stock, valued at $1,503,572.80. This represents a 6.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Perry G. Hines sold 3,237 shares of the stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $52.22, for a total transaction of $169,036.14. Following the sale, the director owned 25,118 shares in the company, valued at approximately $1,311,661.96. This trade represents a 11.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 27,791 shares of company stock valued at $1,443,719. 3.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Horace Mann Educators

Large investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new position in Horace Mann Educators in the second quarter valued at $304,006,000. Dimensional Fund Advisors LP grew its stake in Horace Mann Educators by 0.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,184,648 shares of the insurance provider’s stock worth $93,243,000 after purchasing an additional 12,556 shares in the last quarter. Wasatch Advisors LP purchased a new stake in Horace Mann Educators during the 2nd quarter worth about $72,363,000. Bank of America Corp DE purchased a new stake in Horace Mann Educators during the 2nd quarter worth about $29,287,000. Finally, Bank of New York Mellon Corp acquired a new stake in Horace Mann Educators in the 2nd quarter valued at about $20,061,000. Hedge funds and other institutional investors own 99.28% of the company’s stock.

About Horace Mann Educators

Horace Mann Educators Corporation (NYSE: HMN) is an insurance and financial services company focused on serving educators and other employees of public schools. Founded in 1945 by educators in Springfield, Illinois, the company has built its business around the insurance and financial needs of the education community.

Through its operating subsidiaries, Horace Mann provides personal lines insurance products, including automobile and homeowners insurance, as well as life insurance and supplemental insurance.