Today: The Horace Mann Educators Corp. (HMN) Rating Decreased to Neutral at Janney Montgomery Scott

The Horace Mann Educators Corp. (HMN) Rating Decreased to Neutral at Janney Montgomery Scott

Horace Mann Educators Corp. (NYSE:HMN) was downgraded by Janney Montgomery Scott from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday. The analysts noted that the move was a valuation call.

Separately, Zacks Investment Research raised shares of Horace Mann Educators Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, September 28th.

Shares of Horace Mann Educators Corp. (NYSE:HMN) traded up 1.13% on Wednesday, reaching $40.20. 110,191 shares of the company were exchanged. The company has a market capitalization of $1.62 billion, a P/E ratio of 19.71 and a beta of 1.09. Horace Mann Educators Corp. has a 52-week low of $27.15 and a 52-week high of $40.30. The stock has a 50 day moving average of $37.07 and a 200-day moving average of $35.28.

Horace Mann Educators Corp. (NYSE:HMN) last announced its quarterly earnings results on Monday, October 31st. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.11. Horace Mann Educators Corp. had a net margin of 7.57% and a return on equity of 5.72%. The firm earned $291.30 million during the quarter, compared to analysts’ expectations of $219.60 million. During the same period in the previous year, the company earned $0.50 earnings per share. Horace Mann Educators Corp.’s quarterly revenue was up 9.6% compared to the same quarter last year. On average, analysts predict that Horace Mann Educators Corp. will post $1.86 EPS for the current fiscal year.

In other news, CFO Dwayne D. Hallman sold 8,220 shares of the company’s stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $36.29, for a total value of $298,303.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.10% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Horace Mann Educators Corp. by 2.8% in the second quarter. Vanguard Group Inc. now owns 3,224,036 shares of the company’s stock worth $108,940,000 after buying an additional 86,359 shares during the period. Silvercrest Asset Management Group LLC raised its position in shares of Horace Mann Educators Corp. by 9.4% in the second quarter. Silvercrest Asset Management Group LLC now owns 2,940,288 shares of the company’s stock worth $99,353,000 after buying an additional 252,105 shares during the period. BlackRock Fund Advisors raised its position in shares of Horace Mann Educators Corp. by 7.9% in the third quarter. BlackRock Fund Advisors now owns 2,876,824 shares of the company’s stock worth $105,436,000 after buying an additional 209,998 shares during the period. Northern Trust Corp raised its position in shares of Horace Mann Educators Corp. by 0.4% in the third quarter. Northern Trust Corp now owns 1,459,993 shares of the company’s stock worth $53,510,000 after buying an additional 5,461 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of 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. 99.61% of the stock is owned by institutional investors and hedge funds.

About Horace Mann Educators Corp.

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