Horace Mann Educators (HMN) Upgraded at ValuEngine

ValuEngine upgraded shares of Horace Mann Educators (NYSE:HMN) from a hold rating to a buy rating in a report published on Thursday morning.

HMN has been the subject of several other reports. Zacks Investment Research raised Horace Mann Educators from a hold rating to a strong-buy rating and set a $50.00 price objective for the company in a report on Thursday, January 18th. Keefe, Bruyette & Woods reaffirmed a hold rating on shares of Horace Mann Educators in a report on Wednesday, December 6th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $46.50.

Shares of Horace Mann Educators (HMN) opened at $44.05 on Thursday. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.20. Horace Mann Educators has a 12 month low of $33.85 and a 12 month high of $47.65. The firm has a market capitalization of $1,796.37, a P/E ratio of 10.85 and a beta of 0.99.

Horace Mann Educators (NYSE:HMN) last posted its quarterly earnings results on Tuesday, February 6th. The insurance provider reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.09. The firm had revenue of $303.00 million for the quarter. Horace Mann Educators had a return on equity of 5.17% and a net margin of 14.46%. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.52 earnings per share. research analysts anticipate that Horace Mann Educators will post 2.3 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Monday, March 19th will be issued a dividend of $0.285 per share. The ex-dividend date is Friday, March 16th. This is a boost from Horace Mann Educators’s previous quarterly dividend of $0.28. This represents a $1.14 annualized dividend and a yield of 2.59%. Horace Mann Educators’s payout ratio is currently 27.09%.

In related news, CFO Bret A. Conklin sold 2,938 shares of Horace Mann Educators stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $42.81, for a total transaction of $125,775.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.40% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Fuller & Thaler Asset Management Inc. acquired a new position in Horace Mann Educators during the fourth quarter worth $176,000. Stifel Financial Corp acquired a new position in shares of Horace Mann Educators in the third quarter worth $203,000. CIBC Asset Management Inc acquired a new position in shares of Horace Mann Educators in the third quarter worth $214,000. Koch Industries Inc. acquired a new position in shares of Horace Mann Educators in the fourth quarter worth $263,000. Finally, QS Investors LLC raised its holdings in shares of Horace Mann Educators by 68.1% in the fourth quarter. QS Investors LLC now owns 7,388 shares of the insurance provider’s stock worth $326,000 after acquiring an additional 2,993 shares during the last quarter. 98.26% of the stock is owned by hedge funds and other institutional investors.

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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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