ValuEngine cut shares of Horace Mann Educators (NYSE:HMN) from a hold rating to a sell rating in a research note issued to investors on Saturday, ValuEngine reports.

Other analysts have also issued research reports about the company. Zacks Investment Research raised Horace Mann Educators from a hold rating to a buy rating and set a $41.00 price objective on the stock in a research report on Wednesday, June 3rd. Piper Sandler cut their price objective on Horace Mann Educators from $48.00 to $45.00 and set an overweight rating on the stock in a research report on Friday, April 3rd. Finally, TheStreet lowered Horace Mann Educators from a b- rating to a c rating in a research report on Friday, March 27th.

Horace Mann Educators stock opened at $35.92 on Friday. Horace Mann Educators has a twelve month low of $30.48 and a twelve month high of $48.15. The stock’s fifty day simple moving average is $35.82 and its 200-day simple moving average is $38.92. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $1.47 billion, a P/E ratio of 8.85 and a beta of 0.48.

Horace Mann Educators (NYSE:HMN) last posted its quarterly earnings data on Thursday, May 7th. The insurance provider reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.09. Horace Mann Educators had a return on equity of 6.45% and a net margin of 11.98%. The business had revenue of $307.30 million for the quarter, compared to analyst estimates of $332.50 million. Sell-side analysts predict that Horace Mann Educators will post 2.75 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.20 annualized dividend and a yield of 3.34%. Horace Mann Educators’s dividend payout ratio is currently 54.55%.

In related news, EVP Matthew P. Sharpe sold 3,500 shares of the stock in a transaction dated Thursday, April 9th. The shares were sold at an average price of $35.00, for a total transaction of $122,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its position in Horace Mann Educators by 0.5% during the first quarter. BlackRock Inc. now owns 5,999,684 shares of the insurance provider’s stock worth $219,528,000 after acquiring an additional 28,477 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Horace Mann Educators by 0.4% in the 4th quarter. Franklin Resources Inc. now owns 2,902,580 shares of the insurance provider’s stock valued at $126,726,000 after acquiring an additional 10,302 shares during the period. Silvercrest Asset Management Group LLC raised its stake in shares of Horace Mann Educators by 1.1% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 2,112,902 shares of the insurance provider’s stock valued at $77,311,000 after acquiring an additional 23,939 shares during the period. Victory Capital Management Inc. increased its stake in Horace Mann Educators by 1.5% during the 1st quarter. Victory Capital Management Inc. now owns 1,634,474 shares of the insurance provider’s stock worth $59,805,000 after buying an additional 24,259 shares during the period. Finally, State Street Corp increased its stake in Horace Mann Educators by 9.2% during the 1st quarter. State Street Corp now owns 1,419,928 shares of the insurance provider’s stock worth $51,955,000 after buying an additional 120,003 shares during the period. Hedge funds and other institutional investors own 99.00% of the company’s stock.

About Horace Mann Educators

Horace Mann Educators Corporation, through its subsidiaries, operates as a multiline insurance company in the United States. The Company operates through four segments: Property and Casualty, Retirement, Life, and Corporate and Other. It underwrites and markets personal lines of property and casualty insurance, including personal lines automobile and property insurance products; retirement products, such as tax-qualified fixed and variable annuities; and life insurance products.

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