The stock of Horace Mann Educators Corporation (NYSE:HMN) hit a new 52-week high and has $49.15 target or 29.00% above today’s $38.10 share price. The 6 months bullish chart indicates low risk for the $1.61B company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $49.15 price target is reached, the company will be worth $466.90M 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 366,090 shares traded hands or 120.24% up from the average. Horace Mann Educators Corporation (NYSE:HMN) has risen 21.87% since April 11, 2016 and is uptrending. It has outperformed by 15.73% the S&P500.
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 has “Buy” rating by Janney Capital given on Thursday, February 11.
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 increased to 1.27 in Q2 2016. Its up 0.02, from 1.25 in 2016Q1. The ratio is positive, 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.
Tiaa Cref Investment Ltd holds 0% or 153,436 shares in its portfolio. The Maryland-based Adams Diversified Equity Fund has invested 0.02% in Horace Mann Educators Corporation (NYSE:HMN). Ls Invest Advsrs Ltd last reported 0% of its portfolio in the stock. Capstone Asset has 15,010 shares for 0.02% of their US portfolio. Kennedy Cap Management holds 0.16% or 232,425 shares in its portfolio. Seabridge Inv Advisors Ltd Liability Co accumulated 0.32% or 37,520 shares. Texas Permanent School Fund has invested 0.01% of its portfolio in Horace Mann Educators Corporation (NYSE:HMN). Moreover, Teacher Retirement Sys Of Texas has 0% invested in Horace Mann Educators Corporation (NYSE:HMN) for 5,698 shares. First Republic Invest Mngmt Incorporated holds 0.01% or 17,191 shares in its portfolio. Manufacturers Life Ins The holds 0% of its portfolio in Horace Mann Educators Corporation (NYSE:HMN) for 27,695 shares. First Advsr Ltd Partnership last reported 0.01% of its portfolio in the stock. Moreover, Dean Cap has 1.8% invested in Horace Mann Educators Corporation (NYSE:HMN) for 38,779 shares. Principal Fincl last reported 292,128 shares in the company. Cramer Rosenthal Mcglynn Ltd Liability Corporation owns 188,075 shares or 0.1% of their US portfolio. Parametric Portfolio Assocs holds 145,393 shares or 0.01% of its portfolio.
Insider Transactions: Since August 5, 2016, the stock had 0 insider purchases, and 2 sales for $403,628 net activity. HALLMAN DWAYNE D had sold 8,220 shares worth $298,328 on Tuesday, August 30. Stricker Robert also sold $105,300 worth of Horace Mann Educators Corporation (NYSE:HMN) shares.
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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.