The stock of Horace Mann Educators Corporation (NYSE:HMN) reached all time high today, Nov, 14 and still has $57.20 target or 45.00% above today’s $39.45 share price. This indicates more upside for the $1.64 billion company. This technical setup was reported by Barchart.com. If the $57.20 PT is reached, the company will be worth $738.00 million 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. About 172,716 shares traded hands. Horace Mann Educators Corporation (NYSE:HMN) has risen 24.84% since April 12, 2016 and is uptrending. It has outperformed by 19.85% 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. The rating was initiated by JMP Securities with “Market Perform” on Tuesday, November 10. Janney Capital upgraded Horace Mann Educators Corporation (NYSE:HMN) on Thursday, February 11 to “Buy” rating.
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 2016 Q2. Its up 0.02, from 1.25 in 2016Q1. The ratio increased, 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.
Northern Tru last reported 1.45M shares in the company. Swiss Bancorp last reported 0% of its portfolio in the stock. Cramer Rosenthal Mcglynn Ltd, a New York-based fund reported 188,075 shares. D E Shaw has 0% invested in the company for 54,512 shares. Strs Ohio holds 30,200 shares or 0% of its portfolio. State Board Of Administration Of Florida Retirement System last reported 0% of its portfolio in the stock. Blackrock Fund holds 0.02% of its portfolio in Horace Mann Educators Corporation (NYSE:HMN) for 2.67 million shares. First Mercantile has 2,200 shares for 0.01% of their US portfolio. Dalton Greiner Hartman Maher & last reported 0.71% of its portfolio in the stock. Tower Rech Ltd (Trc) holds 220 shares or 0% of its portfolio. Boston Private Wealth Ltd Co holds 0.01% or 6,928 shares in its portfolio. Principal Group Incorporated reported 292,128 shares or 0.01% of all its holdings. Louisiana State Employees Retirement Sys accumulated 17,800 shares or 0.03% of the stock. Regions last reported 0.01% of its portfolio in the stock. Blackrock Advisors Ltd Co, a Delaware-based fund reported 20,413 shares.
Insider Transactions: Since August 5, 2016, the stock had 0 insider buys, and 2 insider sales for $403,628 net activity. Shares for $298,328 were sold by HALLMAN DWAYNE D on Tuesday, August 30. Stricker Robert also sold $105,300 worth of Horace Mann Educators Corporation (NYSE:HMN) on Friday, August 5.
More recent Horace Mann Educators Corporation (NYSE:HMN) news were published by: Marketwatch.com which released: “Horace Mann Educators downgraded to neutral from buy at Janney Montgomery Scott” on October 18, 2010. Also Prnewswire.com published the news titled: “Horace Mann Names Kelly Stacy Senior Vice President Of Field Operations And …” on July 20, 2015. Prnewswire.com‘s news article titled: “Horace Mann Names Allan Robinson Senior Vice President, Claims” with publication date: October 05, 2015 was also an interesting one.
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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