Zacks Investment Research Upgrades Horace Mann Educators (HMN) to “Strong-Buy”

Horace Mann Educators (NYSE:HMN) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report issued on Thursday. The brokerage presently has a $50.00 price target on the insurance provider’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 11.86% from the stock’s previous close.

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 elementary and secondary teachers, administrators, and education support personnel in public and private schools. The company also offers group life and health insurance to school districts. “

A number of other research firms have also recently weighed in on HMN. Keefe, Bruyette & Woods restated a “hold” rating on shares of Horace Mann Educators in a research note on Wednesday, December 6th. TheStreet upgraded Horace Mann Educators from a “c+” rating to a “b-” rating in a research note on Wednesday, September 27th.

Shares of Horace Mann Educators (NYSE HMN) opened at $44.70 on Thursday. Horace Mann Educators has a 52 week low of $33.85 and a 52 week high of $47.65. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $1,793.42, a price-to-earnings ratio of 27.56 and a beta of 1.17.

Horace Mann Educators (NYSE:HMN) last posted its quarterly earnings results on Tuesday, October 24th. The insurance provider reported $0.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.47. Horace Mann Educators had a return on equity of 4.94% and a net margin of 5.56%. The company had revenue of $289.80 million for the quarter, compared to analysts’ expectations of $293.10 million. During the same period last year, the firm earned $0.58 earnings per share. Horace Mann Educators’s quarterly revenue was down .5% on a year-over-year basis.

In other Horace Mann Educators news, Director Robert Stricker sold 3,829 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $45.75, for a total value of $175,176.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.10% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Amalgamated Bank increased its position in shares of Horace Mann Educators by 1.4% during the second quarter. Amalgamated Bank now owns 5,563 shares of the insurance provider’s stock worth $210,000 after purchasing an additional 78 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Horace Mann Educators by 2.3% during the second quarter. The Manufacturers Life Insurance Company now owns 31,998 shares of the insurance provider’s stock worth $1,210,000 after purchasing an additional 709 shares in the last quarter. Advisor Group Inc. increased its position in shares of Horace Mann Educators by 32.0% during the second quarter. Advisor Group Inc. now owns 3,023 shares of the insurance provider’s stock worth $114,000 after purchasing an additional 733 shares in the last quarter. California Public Employees Retirement System increased its position in shares of Horace Mann Educators by 1.1% during the third quarter. California Public Employees Retirement System now owns 120,225 shares of the insurance provider’s stock worth $4,731,000 after purchasing an additional 1,325 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its position in shares of Horace Mann Educators by 5.0% during the third quarter. Advisors Asset Management Inc. now owns 29,994 shares of the insurance provider’s stock worth $1,180,000 after purchasing an additional 1,429 shares in the last quarter.

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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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