BidaskClub upgraded shares of Horace Mann Educators Corporation (NYSE:HMN) from a strong sell rating to a sell rating in a report issued on Friday morning.

HMN has been the subject of several other reports. Zacks Investment Research lowered Horace Mann Educators Corporation from a hold rating to a strong sell rating in a research report on Thursday, April 27th. Keefe, Bruyette & Woods reissued a sell rating and issued a $37.00 price objective on shares of Horace Mann Educators Corporation in a research report on Friday, May 26th. Three research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The stock has a consensus rating of Sell and a consensus target price of $38.50.

Shares of Horace Mann Educators Corporation (NYSE:HMN) traded down 1.75% during midday trading on Friday, hitting $36.40. The company’s stock had a trading volume of 127,542 shares. The company has a 50-day moving average price of $36.96 and a 200 day moving average price of $39.25. Horace Mann Educators Corporation has a 1-year low of $33.30 and a 1-year high of $44.15. The company has a market cap of $1.48 billion, a P/E ratio of 23.47 and a beta of 1.05.

Horace Mann Educators Corporation (NYSE:HMN) last posted its quarterly earnings data 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. Horace Mann Educators Corporation had a return on equity of 4.56% and a net margin of 5.59%. The business had revenue of $291.40 million during the quarter, compared to the consensus estimate of $290.40 million. During the same period last year, the business posted $0.25 earnings per share. The business’s revenue was up 2.8% on a year-over-year basis. On average, equities research analysts predict that Horace Mann Educators Corporation will post $1.48 EPS for the current year.

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In related news, insider Matthew P. Sharpe sold 2,355 shares of the business’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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Bret A. Conklin sold 4,085 shares of the business’s stock in a transaction dated Friday, June 16th. The shares were 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. Insiders own 2.10% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. purchased a new stake in shares of Horace Mann Educators Corporation during the fourth quarter worth approximately $147,000. Teachers Advisors LLC raised its stake in shares of Horace Mann Educators Corporation by 1.5% in the fourth quarter. Teachers Advisors LLC now owns 66,710 shares of the insurance provider’s stock worth $2,855,000 after buying an additional 957 shares during the last quarter. CHICAGO TRUST Co NA purchased a new stake in shares of Horace Mann Educators Corporation during the first quarter worth approximately $269,000. Louisiana State Employees Retirement System raised its stake in shares of Horace Mann Educators Corporation by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 16,400 shares of the insurance provider’s stock worth $673,000 after buying an additional 200 shares during the last quarter. Finally, Palisade Capital Management LLC NJ purchased a new stake in shares of Horace Mann Educators Corporation during the first quarter worth approximately $1,733,000. 98.34% of the stock is owned by institutional investors and hedge funds.

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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