Somewhat Positive Media Coverage Somewhat Unlikely to Affect Horace Mann Educators Corporation (NYSE:HMN) Stock Price
News headlines about Horace Mann Educators Corporation (NYSE:HMN) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Horace Mann Educators Corporation earned a coverage optimism score of 0.05 on Accern’s scale. Accern also gave press coverage about the insurance provider an impact score of 46.8335909642749 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Shares of Horace Mann Educators Corporation (NYSE HMN) traded down 1.75% during mid-day trading on Friday, reaching $36.40. 127,542 shares of the company traded hands. The firm’s 50 day moving average price is $36.96 and its 200-day moving average price is $39.25. Horace Mann Educators Corporation has a 52-week low of $33.30 and a 52-week high of $44.15. The company has a market capitalization of $1.48 billion, a P/E ratio of 23.47 and a beta of 1.05.
Horace Mann Educators Corporation (NYSE:HMN) last released its earnings results on Monday, July 24th. The insurance provider reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.09. The business had revenue of $291.40 million for the quarter, compared to analysts’ expectations of $290.40 million. Horace Mann Educators Corporation had a net margin of 5.59% and a return on equity of 4.56%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.25 earnings per share. Equities analysts predict that Horace Mann Educators Corporation will post $1.48 earnings per share for the current fiscal year.
Several analysts recently weighed in on HMN shares. Zacks Investment Research cut shares of Horace Mann Educators Corporation from a “hold” rating to a “strong sell” rating in a report on Thursday, April 27th. Keefe, Bruyette & Woods reaffirmed a “sell” rating and issued a $37.00 target price on shares of Horace Mann Educators Corporation in a report on Friday, May 26th. Finally, BidaskClub cut shares of Horace Mann Educators Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. Three analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The company presently has an average rating of “Sell” and an average price target of $38.50.
In related news, insider Matthew P. Sharpe sold 2,355 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $38.50, for a total transaction of $90,667.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Bret A. Conklin sold 4,085 shares of the company’s stock in a transaction that occurred on 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. Corporate insiders own 2.10% of the company’s stock.
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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