Horace Mann Educators (NYSE:HMN) Receives "Buy (B-)" Rating from Weiss Ratings

Horace Mann Educators (NYSE:HMN - Get Free Report)'s stock had its "buy (b-)" rating restated by analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

HMN has been the subject of several other research reports. BMO Capital Markets set a $48.00 price target on shares of Horace Mann Educators and gave the stock an "outperform" rating in a research report on Monday, July 28th. Wall Street Zen cut shares of Horace Mann Educators from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. Finally, Piper Sandler upped their price target on shares of Horace Mann Educators from $44.00 to $45.00 and gave the stock a "neutral" rating in a research report on Thursday, July 3rd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $46.75.

Horace Mann Educators Price Performance

Shares of HMN opened at $44.53 on Wednesday. The company has a 50 day moving average price of $45.12 and a 200-day moving average price of $43.02. Horace Mann Educators has a fifty-two week low of $34.42 and a fifty-two week high of $47.81. The stock has a market capitalization of $1.81 billion, a PE ratio of 13.17 and a beta of 0.21. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.09 and a current ratio of 0.09.

Horace Mann Educators (NYSE:HMN - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The insurance provider reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.45. Horace Mann Educators had a net margin of 8.49% and a return on equity of 14.23%. The firm had revenue of $302.60 million during the quarter, compared to analysts' expectations of $425.35 million. During the same quarter in the prior year, the company earned $0.20 EPS. The company's revenue was up 6.1% compared to the same quarter last year. Equities analysts predict that Horace Mann Educators will post 3.87 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Horace Mann Educators news, General Counsel Donald M. Carley sold 3,500 shares of the firm's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $45.94, for a total value of $160,790.00. Following the completion of the transaction, the general counsel owned 22,092 shares of the company's stock, valued at approximately $1,014,906.48. This trade represents a 13.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Marita Zuraitis sold 5,000 shares of the firm's stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $44.81, for a total transaction of $224,050.00. Following the completion of the transaction, the chief executive officer directly owned 293,788 shares of the company's stock, valued at approximately $13,164,640.28. This represents a 1.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,500 shares of company stock valued at $825,040 in the last three months. 4.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC raised its holdings in shares of Horace Mann Educators by 222.3% in the second quarter. EverSource Wealth Advisors LLC now owns 909 shares of the insurance provider's stock worth $39,000 after buying an additional 627 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new position in shares of Horace Mann Educators in the second quarter worth $47,000. Osaic Holdings Inc. raised its holdings in shares of Horace Mann Educators by 181.5% in the second quarter. Osaic Holdings Inc. now owns 1,326 shares of the insurance provider's stock worth $57,000 after buying an additional 855 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Horace Mann Educators by 69.5% in the first quarter. GAMMA Investing LLC now owns 2,697 shares of the insurance provider's stock worth $115,000 after acquiring an additional 1,106 shares during the period. Finally, Financiere des Professionnels Fonds d investissement inc. acquired a new stake in shares of Horace Mann Educators in the second quarter worth $137,000. Hedge funds and other institutional investors own 99.28% of the company's stock.

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.

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