Horace Mann Educators Corporation (HMN) Upgraded at BidaskClub
BidaskClub upgraded shares of Horace Mann Educators Corporation (NYSE:HMN) from a sell rating to a hold rating in a report published on Friday.
A number of other brokerages also recently issued reports on HMN. Zacks Investment Research downgraded shares of Horace Mann Educators Corporation from a hold rating to a strong sell rating in a report on Thursday, April 27th. Keefe, Bruyette & Woods reaffirmed a sell rating and set a $37.00 price target on shares of Horace Mann Educators Corporation in a report on Friday, May 26th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $37.50.
Horace Mann Educators Corporation (NYSE HMN) opened at 37.05 on Friday. 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 PE ratio of 23.89 and a beta of 1.05. The company’s 50-day moving average is $36.85 and its 200 day moving average is $38.99.
Horace Mann Educators Corporation (NYSE:HMN) last announced its quarterly earnings results on Monday, July 24th. The insurance provider reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by $0.09. The company had revenue of $291.40 million for the quarter, compared to analysts’ expectations of $290.40 million. Horace Mann Educators Corporation had a net margin of 5.59% and a return on equity of 4.56%. The business’s revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.25 EPS. On average, equities research analysts expect that Horace Mann Educators Corporation will post $1.48 earnings per share for the current fiscal year.
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In related news, CFO Bret A. Conklin sold 4,085 shares of the firm’s stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $37.95, for a total value of $155,025.75. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Matthew P. Sharpe sold 2,355 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The stock was 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. Company insiders own 2.40% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Advisor Group Inc. increased its position in Horace Mann Educators Corporation by 32.0% in the second quarter. Advisor Group Inc. now owns 3,023 shares of the insurance provider’s stock worth $114,000 after buying an additional 733 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new position in Horace Mann Educators Corporation during the first quarter worth about $144,000. Russell Investments Group Ltd. acquired a new position in Horace Mann Educators Corporation during the fourth quarter worth about $147,000. SG Americas Securities LLC increased its position in Horace Mann Educators Corporation by 41.3% in the first quarter. SG Americas Securities LLC now owns 3,709 shares of the insurance provider’s stock worth $152,000 after buying an additional 1,085 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its position in Horace Mann Educators Corporation by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 4,450 shares of the insurance provider’s stock worth $182,000 after buying an additional 100 shares during the last quarter. 98.36% of the stock is currently owned by 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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