Price Action Don’t Lie: Does Horace Mann Educators Corporation Have More Gas After Touching 52-Week High?

Price Action Don't Lie: Does Horace Mann Educators Corporation Have More Gas After Touching 52 Week High?

The stock of Horace Mann Educators Corporation (NYSE:HMN) hit a new 52-week high and has $43.42 target or 8.00% above today’s $40.20 share price. The 7 months bullish chart indicates low risk for the $1.61 billion company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $43.42 price target is reached, the company will be worth $128.80M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 83,502 shares traded hands. Horace Mann Educators Corporation (NYSE:HMN) has risen 26.07% since April 22, 2016 and is uptrending. It has outperformed by 20.66% the S&P500.

Analysts await Horace Mann Educators Corporation (NYSE:HMN) to report earnings on February, 14. They expect $0.40 EPS, down 6.98% or $0.03 from last year’s $0.43 per share. HMN’s profit will be $16.02M for 25.13 P/E if the $0.40 EPS becomes a reality. After $0.58 actual EPS reported by Horace Mann Educators Corporation for the previous quarter, Wall Street now forecasts -31.03% negative EPS growth.

Horace Mann Educators Corporation (NYSE:HMN) Ratings Coverage

Out of 3 analysts covering Horace Mann Educators Corp (NYSE:HMN), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Horace Mann Educators Corp has been the topic of 3 analyst reports since July 31, 2015 according to StockzIntelligence Inc. As per Tuesday, November 10, the company rating was initiated by JMP Securities. The firm earned “Buy” rating on Thursday, February 11 by Janney Capital.

According to Zacks Investment Research, “Horace Mann Educators Corporation is a multiline insurance holding company that targets the US educator market. The company and its subsidiaries, Horace Mann Insurance Co., Teachers Insurance Co., Horace Mann Life Insurance Co., and Allegiance Insurance Co., provide retirement annuities, automobile insurance, homeowners insurance, and life insurance to elementary and secondary teachers, administrators, and education support personnel in public and private schools. The company also offers group life and health insurance to school districts.”

Insitutional Activity: The institutional sentiment decreased to 0.78 in 2016 Q2. Its down 0.49, from 1.27 in 2016Q1. The ratio fall, as 13 funds sold all Horace Mann Educators Corporation shares owned while 53 reduced positions. 19 funds bought stakes while 65 increased positions. They now own 39.51 million shares or 0.84% less from 39.84 million shares in 2016Q1.
Qs Llc accumulated 0% or 1,742 shares. Blackrock Invest Ltd has 0.01% invested in the company for 185,660 shares. Moreover, Thrivent For Lutherans has 0.09% invested in Horace Mann Educators Corporation (NYSE:HMN) for 532,839 shares. Seabridge Invest Advsr Ltd Liability Corp last reported 0.32% of its portfolio in the stock. Old National Savings Bank In last reported 0.01% of its portfolio in the stock. Keybank National Association Oh has 0% invested in the company for 14,342 shares. Rothschild Asset Inc reported 111,999 shares or 0.07% of all its holdings. National Bank Of Montreal Can has invested 0% of its portfolio in Horace Mann Educators Corporation (NYSE:HMN). Moreover, Los Angeles Equity Rech has 0% invested in Horace Mann Educators Corporation (NYSE:HMN) for 8,380 shares. Ubs Asset Mngmt Americas last reported 0% of its portfolio in the stock. Northern Tru has 0.02% invested in the company for 1.45M shares. Moreover, Assetmark Incorporated has 0% invested in Horace Mann Educators Corporation (NYSE:HMN) for 744 shares. Johnson Financial has 0% invested in the company for 440 shares. Principal Gru Incorporated has invested 0.01% of its portfolio in Horace Mann Educators Corporation (NYSE:HMN). Millennium Mngmt Limited Liability Co accumulated 253,913 shares or 0.02% of the stock.

Insider Transactions: Since August 5, 2016, the stock had 0 insider purchases, and 2 selling transactions for $403,628 net activity. Stricker Robert had sold 3,000 shares worth $105,300 on Friday, August 5. $298,328 worth of shares were sold by HALLMAN DWAYNE D on Tuesday, August 30.

More news for Horace Mann Educators Corporation (NYSE:HMN) were recently published by: Marketwatch.com, which released: “Horace Mann Educators downgraded to neutral from buy at Janney Montgomery Scott” on October 18, 2010. Prnewswire.com‘s article titled: “Horace Mann Names Kelly Stacy Senior Vice President Of Field Operations And …” and published on July 20, 2015 is yet another important article.

HMN Company Profile

Horace Mann Educators Corporation (HMEC), incorporated on February 7, 1968, 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. The Company’s operating divisions include Property and Casualty, Annuity, Life, and corporate and other. Founded by Educators for Educators, the Company markets its products primarily to K-12 teachers, administrators and other employees of public schools and their families. It markets and services its products through a sales force of full-time agents supported by the Company’s Customer Contact Center. These agents sell HMEC’s products and limited additional third-party vendor products. The Company’s property and casualty subsidiaries and its life insurance subsidiary are licensed to write business in over 48 states and the District of Columbia.

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