The stock of Horace Mann Educators Corporation (NYSE:HMN) reached all time high today, Nov, 25 and still has $41.41 target or 3.00% above today’s $40.20 share price. This indicates more upside for the $1.61B company. This technical setup was reported by Barchart.com. If the $41.41 PT is reached, the company will be worth $48.30M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 1.13% or $0.45 during the last trading session, hitting $40.2. About 110,191 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 $16.02 million 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. JMP Securities initiated Horace Mann Educators Corporation (NYSE:HMN) on Tuesday, November 10 with “Market Perform” rating. 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 worsened, 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.
Moreover, Great Lakes Ltd Liability Corporation has 0.14% invested in Horace Mann Educators Corporation (NYSE:HMN) for 150,911 shares. California Pub Employees Retirement Sys accumulated 0.01% or 132,800 shares. Keybank National Association Oh holds 14,342 shares or 0% of its portfolio. Eaton Vance Mgmt accumulated 314,517 shares or 0.03% of the stock. Tudor Invest Et Al has 0% invested in the company for 6,455 shares. Johnson Fincl Gp Inc has 0% invested in the company for 440 shares. Assetmark holds 744 shares or 0% of its portfolio. Art Advsr Ltd Limited Liability Company holds 0.05% of its portfolio in Horace Mann Educators Corporation (NYSE:HMN) for 28,629 shares. Teachers holds 0% of its portfolio in Horace Mann Educators Corporation (NYSE:HMN) for 64,914 shares. Nj State Employees Deferred Compensation Plan accumulated 45,000 shares or 0.32% of the stock. Ubs Asset Mngmt Americas has 31,072 shares for 0% of their US portfolio. Aperio Gru Limited Com, a California-based fund reported 24,929 shares. Dean Inv Associate Limited Liability Company last reported 112,580 shares in the company. Blackrock Incorporated has invested 0% of its portfolio in Horace Mann Educators Corporation (NYSE:HMN). First L P has 0.01% invested in the company for 68,638 shares.
Insider Transactions: Since August 5, 2016, the stock had 0 insider buys, and 2 sales for $403,628 net activity. 8,220 Horace Mann Educators Corporation (NYSE:HMN) shares with value of $298,328 were sold by HALLMAN DWAYNE D. Shares for $105,300 were sold by Stricker Robert on Friday, August 5.
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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