Horace Mann Educators Corporation (HMN) Stock Rating Lowered by BidaskClub

Horace Mann Educators Corporation (NYSE:HMN) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Monday, July 24th.

A number of other brokerages also recently issued reports on HMN. Keefe, Bruyette & Woods downgraded shares of Horace Mann Educators Corporation from a “market perform” rating to an “underperform” rating and set a $37.00 price target for the company. in a report on Monday, April 10th. 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. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $37.50.

Horace Mann Educators Corporation (NYSE:HMN) opened at 37.10 on Monday. The stock has a market cap of $1.51 billion, a PE ratio of 23.92 and a beta of 1.05. The stock’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.

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 the Zacks’ consensus estimate of $0.11 by $0.09. The firm 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 firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.25 EPS. Analysts anticipate that Horace Mann Educators Corporation will post $1.48 EPS for the current fiscal year.

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In related news, insider Matthew P. Sharpe sold 2,355 shares of the business’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $38.50, for a total value of $90,667.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Bret A. Conklin sold 4,085 shares of the business’s stock in a transaction on Friday, June 16th. The shares were sold at an average price of $37.95, for a total transaction of $155,025.75. The disclosure for this sale can be found here. Insiders own 2.10% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Adams Diversified Equity Fund Inc. raised its position 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 worth $944,000 after buying an additional 600 shares in the last quarter. Punch & Associates Investment Management Inc. raised its position 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 worth $7,561,000 after buying an additional 3,210 shares in the last quarter. First Midwest Bank Trust Division raised its position 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 worth $979,000 after buying an additional 786 shares in the last quarter. Sit Investment Associates Inc. raised its position in Horace Mann Educators Corporation by 192.3% in the first quarter. Sit Investment Associates Inc. now owns 11,400 shares of the insurance provider’s stock worth $468,000 after buying an additional 7,500 shares in the last quarter. Finally, Meritage Portfolio Management raised its position in Horace Mann Educators Corporation by 2.8% in the first quarter. Meritage Portfolio Management now owns 135,022 shares of the insurance provider’s stock worth $5,543,000 after buying an additional 3,738 shares in the last quarter. Institutional investors own 98.36% of the company’s stock.

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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