Zacks: Horace Mann Educators Corp. (NYSE:HMN) Given Average Recommendation of “Buy” by Brokerages
Shares of Horace Mann Educators Corp. (NYSE:HMN) have been given an average broker rating score of 2.33 (Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company.
Zacks has also assigned Horace Mann Educators Corp. an industry rank of 197 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research downgraded shares of Horace Mann Educators Corp. from a “hold” rating to a “sell” rating in a report on Friday, July 15th.
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In related news, CFO Dwayne D. Hallman sold 8,220 shares of the firm’s stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $36.29, for a total transaction of $298,303.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.10% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP increased its stake in Horace Mann Educators Corp. by 7.3% in the first quarter. Wellington Management Group LLP now owns 661,376 shares of the company’s stock worth $20,959,000 after buying an additional 45,129 shares during the period. State Street Corp increased its stake in Horace Mann Educators Corp. by 1.9% in the first quarter. State Street Corp now owns 836,127 shares of the company’s stock worth $26,496,000 after buying an additional 15,808 shares during the period. Royce & Associates LP bought a new stake in Horace Mann Educators Corp. during the first quarter worth about $792,000. BlackRock Institutional Trust Company N.A. increased its stake in Horace Mann Educators Corp. by 2.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,042,588 shares of the company’s stock worth $33,040,000 after buying an additional 24,283 shares during the period. Finally, BlackRock Fund Advisors increased its stake in Horace Mann Educators Corp. by 2.5% in the first quarter. BlackRock Fund Advisors now owns 2,644,733 shares of the company’s stock worth $83,812,000 after buying an additional 65,385 shares during the period. Institutional investors and hedge funds own 99.36% of the company’s stock.
Horace Mann Educators Corp. (NYSE:HMN) traded up 0.61% on Wednesday, hitting $36.26. 134,736 shares of the stock traded hands. Horace Mann Educators Corp. has a 52 week low of $27.15 and a 52 week high of $38.00. The firm has a market capitalization of $1.46 billion, a PE ratio of 19.06 and a beta of 1.24. The stock has a 50 day moving average of $35.57 and a 200 day moving average of $33.50.
Horace Mann Educators Corp. (NYSE:HMN) last announced its earnings results on Wednesday, July 27th. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.08. The company earned $283.50 million during the quarter, compared to the consensus estimate of $273.80 million. Horace Mann Educators Corp. had a net margin of 7.30% and a return on equity of 5.64%. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.36 earnings per share. Equities research analysts anticipate that Horace Mann Educators Corp. will post $1.93 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be issued a dividend of $0.265 per share. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $1.06 dividend on an annualized basis and a yield of 2.94%. Horace Mann Educators Corp.’s dividend payout ratio (DPR) is presently 55.21%.
Horace Mann Educators Corp. 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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