Market Overview

KBW Maintains Market Perform On Horace Mann Educators After Earnings


KBW is maintaining its Market Perform rating and $17.50 price target on shares of Horace Mann Educators (NYSE: HMN) after it reported earnings.

In a note to clients, KBW writes, "HMN announced losses from April and May catastrophes of $45-50 mm pre-tax ($0.70-0.78/sh) or 3.2-3.6% of 1Q11 equity. Losses were largely driven by five multi-day cat events in April and tornado and storm activity that affected Missouri and parts of Minnesota in May. As a result of these events, management reduced 2011 guidance to $1.10-1.30 from $1.75-1.95. We are lowering 2Q11/2011 EPS and our PT to $17.50, but maintain a Market Perform rating."

Shares of HMN gained 8 cents yesterday to close at $15.24, a gain of 0.5%.

Posted-In: KBWAnalyst Color Price Target Analyst Ratings


Related Articles (HMN)

View Comments and Join the Discussion!

Latest Ratings

NTWKSidoti & Co.Maintains8.0
FTNTRBC CapitalMaintains109.0
ITTDA DavidsonMaintains80.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

Rodman & Renshaw Terminates Coverage of China Automotive Systems

UPDATE: J.P. Morgan Color on Evercore Partners PT Increase