Horace Mann Educators Corporation (HMN) Rating Increased to Sell at BidaskClub

Horace Mann Educators Corporation (NYSE:HMN) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Friday.

Several other analysts also recently weighed in on the company. Zacks Investment Research downgraded Horace Mann Educators Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 14th. Keefe, Bruyette & Woods reiterated a “sell” rating and set a $37.00 price target on shares of Horace Mann Educators Corporation in a research note on Friday, May 26th. Three research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. The company presently has a consensus rating of “Sell” and a consensus price target of $38.50.

Shares of Horace Mann Educators Corporation (HMN) traded down 1.21% on Friday, reaching $36.60. The company’s stock had a trading volume of 19,401 shares. The stock has a market cap of $1.49 billion, a PE ratio of 23.60 and a beta of 1.05. The firm has a 50 day moving average price of $36.99 and a 200-day moving average price of $39.29. 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 posted its quarterly 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 firm 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 firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.25 EPS. Equities research analysts expect that Horace Mann Educators Corporation will post $1.48 EPS for the current year.

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In other news, insider Matthew P. Sharpe sold 2,355 shares of the company’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $38.50, for a total value of $90,667.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Bret A. Conklin sold 4,085 shares of the company’s stock in a transaction dated Friday, June 16th. The stock was sold at an average price of $37.95, for a total value of $155,025.75. The disclosure for this sale can be found here. 2.10% of the stock is owned by corporate insiders.

Hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of Horace Mann Educators Corporation by 51,596.4% in the first quarter. BlackRock Inc. now owns 5,338,174 shares of the insurance provider’s stock worth $219,132,000 after buying an additional 5,327,848 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Horace Mann Educators Corporation by 26.1% in the first quarter. Victory Capital Management Inc. now owns 1,582,823 shares of the insurance provider’s stock worth $64,975,000 after buying an additional 328,070 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Horace Mann Educators Corporation by 6.1% in the first quarter. Vanguard Group Inc. now owns 3,707,533 shares of the insurance provider’s stock worth $152,194,000 after buying an additional 212,640 shares during the last quarter. Great Lakes Advisors LLC increased its stake in shares of Horace Mann Educators Corporation by 133.1% in the first quarter. Great Lakes Advisors LLC now owns 262,536 shares of the insurance provider’s stock worth $10,777,000 after buying an additional 149,890 shares during the last quarter. Finally, Thrivent Financial For Lutherans increased its stake in shares of Horace Mann Educators Corporation by 36.0% in the second quarter. Thrivent Financial For Lutherans now owns 514,633 shares of the insurance provider’s stock worth $19,453,000 after buying an additional 136,280 shares during the last quarter. Hedge funds and other institutional investors own 98.34% of the company’s stock.

About Horace Mann Educators Corporation

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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