Zacks Investment Research downgrades educators Horace Mann (NYSE:HMN) to sell

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Zacks Investment Research cut pieces of Horace Mann Educators (NYSE: HMNGet a rating) from a hold rating to a sell rating in a report released Friday morning, Zacks.com reports.

According to Zacks, “Horace Mann Educators Corporation is a multiline insurance holding company that targets the US educator market. The company and its subsidiaries, Horace Mann Insurance Co., Teachers Insurance Co., Horace Mann Life Insurance Co. and Allegiance Insurance Co., provide retirement annuities, automobile insurance, homeowners insurance and life insurance to teachers and administrators primary and secondary. , and education support staff in public and private schools. The company also offers group life and health insurance to school districts. “

Separately, StockNews.com began covering Horace Mann Educators in a research note on Thursday, March 31. They issued a holding note for the company.

HMN Stock traded at $2.31 on Friday, reaching $37.49. The company’s stock had a trading volume of 398,928 shares, compared to an average volume of 166,293. The company has a fifty-day simple moving average of $40.88 and a two-hundred-day simple moving average of 39 $.78. Horace Mann Educators has a 12 month minimum of $36.21 and a 12 month maximum of $42.95. The company has a market capitalization of $1.55 billion, a PE ratio of 13.34 and a beta of 0.54. The company has a debt ratio of 0.14, a quick ratio of 0.06 and a current ratio of 0.06.

Horace Mann Educators (NYSE: HMNGet a rating) last announced its quarterly results on Thursday, May 5. The insurance provider reported EPS of $0.64 for the quarter, missing analyst consensus estimates of $0.96 per ($0.32). Horace Mann Educators achieved a return on equity of 8.51% and a net margin of 10.74%. The company posted revenue of $346.80 million in the quarter, compared to $339.80 million expected by analysts. During the same period of the previous year, the company achieved EPS of $1.10. The company’s revenues increased by 7.7% compared to the same quarter last year. As a group, research analysts expect Horace Mann Educators to post earnings per share of 3.6 for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 31. Shareholders of record on Thursday, March 17 received a dividend of $0.32. This is an increase from Horace Mann Educators’ previous quarterly dividend of $0.31. The ex-dividend date was Wednesday, March 16. This represents a dividend of $1.28 on an annualized basis and a yield of 3.41%. Horace Mann Educators’ dividend payout ratio is 45.55%.

In other Horace Mann Educators news, please Kimberly A. Johnson sold 1,500 shares in a trade on Thursday, February 10. The stock was sold at an average price of $41.27, for a total value of $61,905.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC website. 3.20% of the shares are currently held by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of HMN. The Florida Retirement System State Board of Directors increased its equity stake in Horace Mann Educators by 16.3% during the first quarter. The Florida Retirement System State Board of Directors now owns 21,680 shares of the insurance provider valued at $907,000 after acquiring 3,037 additional shares in the last quarter. Aigen Investment Management LP bought a new position in Horace Mann Educators stock during the first quarter worth $210,000. The New York State Common Retirement Fund increased its holdings of Horace Mann Educators stock by 9.5% in the first quarter. The New York State Common Retirement Fund now owns 803,821 shares of the insurance provider valued at $33,624,000 after acquiring an additional 69,886 shares in the last quarter. Advisor Group Holdings Inc. increased its equity stake in Horace Mann Educators by 10.3% during the first quarter. Advisor Group Holdings Inc. now owns 9,183 shares of the insurance provider valued at $384,000 after acquiring 861 additional shares in the last quarter. Finally, Victory Capital Management Inc. increased its equity stake in Horace Mann Educators by 45.7% during the first quarter. Victory Capital Management Inc. now owns 675,666 shares of the insurance provider valued at $27,805,000 after acquiring an additional 211,889 shares last quarter.

Horace Mann Educator Company Profile (Get a rating)

Horace Mann Educators Corporation, together with its subsidiaries, operates as an insurance holding company in the United States. It operates in three segments: P&C, Life & Pension, and Employee & Group Benefits. The Company underwrites and markets personal property and casualty insurance products, including personal home and automobile insurance products; supplemental insurance products, which include cancer, heart, hospitalization, disability and accident coverage; retirement products, such as tax-eligible fixed and variable annuities; and life insurance products including whole and term life products, as well as index-linked universal life products.

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