In yesterday’s Wall Street session, Horace Mann Educators Corporation (NYSE:HMN) shares traded at $32.63, down -4.39% from the previous session.
HMN stock price is now -10.05% away from the 50-day moving average and -11.21% away from the 200-day moving average. The market capitalization of the company currently stands at $1.39B.
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With the price target reduced from $42 to $38, Piper Sandler Downgraded its rating from Overweight to Neutral for Horace Mann Educators Corporation (NYSE: HMN). On August 19, 2022, Piper Sandler Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock increasing its target price from $38 to quote $42, while ‘Raymond James’ rates the stock as ‘Mkt Perform’.
In other news, Sharpe Matthew P., Executive Vice President sold 3,478 shares of the company’s stock on Jan 30. The stock was sold for $118,217 at an average price of $33.99. Upon completion of the transaction, the Executive Vice President now directly owns 54,353 shares in the company, valued at $1.77 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 03, Director McClure Beverley J. sold 560 shares of the business’s stock. A total of $20,961 was realized by selling the stock at an average price of $37.43. This leaves the insider owning 20,463 shares of the company worth $0.67 million. Insiders disposed of 26,648 shares of company stock worth roughly $0.87 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in HMN stock. A new stake in Horace Mann Educators Corporation shares was purchased by HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND during the first quarter worth $946,000. LPL FINANCIAL LLC invested $902,000 in shares of HMN during the first quarter. In the first quarter, OCCUDO QUANTITATIVE STRATEGIES LP acquired a new stake in Horace Mann Educators Corporation valued at approximately $818,000. AMALGAMATED FINANCIAL CORP. acquired a new stake in HMN for approximately $609,000. MARYLAND STATE RETIREMENT & PENSION SYSTEM purchased a new stake in HMN valued at around $552,000 in the second quarter.
On Friday morning Horace Mann Educators Corporation (NYSE: HMN) stock kicked off with the opening price of $33.82. During the past 12 months, Horace Mann Educators Corporation has had a low of $32.21 and a high of $42.62. The fifty day moving average price for HMN is $36.18 and a two-hundred day moving average price translates $36.71 for the stock.
The latest earnings results from Horace Mann Educators Corporation (NYSE: HMN) was released for Dec, 2022. The net profit margin was -0.20% and return on equity was -0.20% for HMN. For the current quarter, analysts expect HMN to generate $370.23M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/30/2022. Investors who held shares on 12/15/2022 were paid a $0.32 dividend. On an annualized basis, this represents a $1.32 dividend and a 4.05% percent yield. There was an ex-dividend date of 12/14/2022 for this dividend.
Horace Mann Educators Corporation(HMN) Company Profile
Horace Mann Educators Corporation, together with its subsidiaries, operates as an insurance holding company in the United States. It operates in three segments: Property & Casualty, Life & Retirement, and Supplemental & Group Benefits. The company underwrites and markets personal lines of property and casualty insurance, including personal lines auto and property insurance products; supplemental insurance products, which include cancer, heart, hospital, supplemental disability, and accident coverages; retirement products, such as tax-qualified fixed and variable annuities; and life insurance products comprising whole life and term, as well as indexed universal life insurance products. It also offers student loan solutions, including online student loan management accounts for educators. The company markets its products through its sales force of full-time exclusive agents to K-12 teachers, administrators, and other employees of public schools and their families. Horace Mann Educators Corporation was founded in 1945 and is headquartered in Springfield, Illinois.
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