Horace Mann Educators (HMN) Earns Hold Rating from Keefe, Bruyette & Woods

Horace Mann Educators (NYSE:HMN)‘s stock had its “hold” rating restated by stock analysts at Keefe, Bruyette & Woods in a report released on Wednesday.

Other equities research analysts have also recently issued reports about the stock. TheStreet raised shares of Horace Mann Educators from a “c+” rating to a “b-” rating in a report on Wednesday, September 27th. Zacks Investment Research upgraded shares of Horace Mann Educators from a “sell” rating to a “hold” rating in a research note on Friday, October 27th. Finally, BidaskClub upgraded shares of Horace Mann Educators from a “sell” rating to a “hold” rating in a research note on Friday, August 18th.

Shares of Horace Mann Educators (NYSE HMN) traded down $0.80 during trading hours on Wednesday, hitting $45.50. 270,155 shares of the stock were exchanged, compared to its average volume of 158,531. Horace Mann Educators has a 1-year low of $33.85 and a 1-year high of $47.65. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $1,893.06, a PE ratio of 29.09 and a beta of 1.17.

Horace Mann Educators (NYSE:HMN) last announced its earnings results on Tuesday, October 24th. The insurance provider reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.47. Horace Mann Educators had a net margin of 5.56% and a return on equity of 4.94%. The business had revenue of $289.80 million during the quarter, compared to analysts’ expectations of $293.10 million. During the same period in the prior year, the company earned $0.58 earnings per share. The business’s revenue was down .5% compared to the same quarter last year. equities research analysts forecast that Horace Mann Educators will post 1.7 earnings per share for the current fiscal year.

In other news, Director Robert Stricker sold 3,500 shares of the business’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $39.35, for a total transaction of $137,725.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.40% of the company’s stock.

Several institutional investors have recently modified their holdings of HMN. Advisor Group Inc. increased its stake in shares of Horace Mann Educators by 32.0% during the second quarter. Advisor Group Inc. now owns 3,023 shares of the insurance provider’s stock worth $114,000 after acquiring an additional 733 shares during the period. Stifel Financial Corp acquired a new position in shares of Horace Mann Educators during the third quarter worth about $203,000. Amalgamated Bank increased its stake in shares of Horace Mann Educators by 1.4% during the second quarter. Amalgamated Bank now owns 5,563 shares of the insurance provider’s stock worth $210,000 after acquiring an additional 78 shares during the period. CIBC Asset Management Inc acquired a new position in Horace Mann Educators during the third quarter worth about $214,000. Finally, Piedmont Investment Advisors LLC acquired a new position in Horace Mann Educators during the second quarter worth about $331,000. Institutional investors and hedge funds own 98.26% of the company’s stock.

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Horace Mann Educators Company Profile

Horace Mann Educators Corporation (HMEC) is an insurance holding company. Through its subsidiaries, HMEC markets and underwrites personal lines of property and casualty (primarily personal lines automobile and homeowners) insurance, retirement annuities (primarily tax-qualified products) and life insurance in the United States.

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