Horace Mann Educators Corporation (HMN) Raised to Hold at BidaskClub

BidaskClub upgraded shares of Horace Mann Educators Corporation (NYSE:HMN) from a sell rating to a hold rating in a research note published on Friday morning.

Several other research analysts have also recently weighed in on the company. Zacks Investment Research cut Horace Mann Educators Corporation from a hold rating to a strong sell rating in a report on Thursday, April 27th. Keefe, Bruyette & Woods restated a sell rating and set a $37.00 target price on shares of Horace Mann Educators Corporation in a report on Friday, May 26th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The company has a consensus rating of Hold and a consensus price target of $37.50.

Shares of Horace Mann Educators Corporation (NYSE HMN) opened at 37.10 on Friday. The firm’s 50-day moving average price is $36.87 and its 200-day moving average price is $39.06. Horace Mann Educators Corporation has a 12 month low of $33.30 and a 12 month high of $44.15. The stock has a market capitalization of $1.51 billion, a P/E ratio of 23.92 and a beta of 1.05.

Horace Mann Educators Corporation (NYSE:HMN) last issued its earnings results on Monday, July 24th. The insurance provider reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.09. The company had revenue of $291.40 million for the quarter, compared to analyst estimates of $290.40 million. Horace Mann Educators Corporation had a return on equity of 4.56% and a net margin of 5.59%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.25 earnings per share. On average, equities research analysts forecast that Horace Mann Educators Corporation will post $1.48 EPS for the current year.

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In other news, CFO Bret A. Conklin sold 4,085 shares of Horace Mann Educators Corporation stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $37.95, for a total transaction of $155,025.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Matthew P. Sharpe sold 2,355 shares of Horace Mann Educators Corporation stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $38.50, for a total transaction of $90,667.50. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in HMN. Advisors Asset Management Inc. raised its stake in Horace Mann Educators Corporation by 80.4% in the first quarter. Advisors Asset Management Inc. now owns 25,558 shares of the insurance provider’s stock valued at $1,049,000 after buying an additional 11,388 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in Horace Mann Educators Corporation by 7.2% in the first quarter. Great West Life Assurance Co. Can now owns 57,099 shares of the insurance provider’s stock valued at $2,341,000 after buying an additional 3,833 shares during the last quarter. Adams Diversified Equity Fund Inc. raised its stake in Horace Mann Educators Corporation by 2.7% in the first quarter. Adams Diversified Equity Fund Inc. now owns 23,000 shares of the insurance provider’s stock valued at $944,000 after buying an additional 600 shares during the last quarter. Punch & Associates Investment Management Inc. raised its stake in Horace Mann Educators Corporation by 1.8% in the first quarter. Punch & Associates Investment Management Inc. now owns 184,186 shares of the insurance provider’s stock valued at $7,561,000 after buying an additional 3,210 shares during the last quarter. Finally, First Midwest Bank Trust Division raised its stake in Horace Mann Educators Corporation by 3.4% in the first quarter. First Midwest Bank Trust Division now owns 23,849 shares of the insurance provider’s stock valued at $979,000 after buying an additional 786 shares during the last quarter. 98.36% of the stock is currently owned by hedge funds and other institutional investors.

Horace Mann Educators Corporation 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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