Horace Mann Educators (NYSE:HMN) Posts Quarterly Earnings Results, Beats Expectations By $0.15 EPS

Horace Mann Educators (NYSE:HMN – Get Rating) released its quarterly earnings results on Thursday. The insurance provider reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.15, Briefing.com reports. Horace Mann Educators had a return on equity of 7.57% and a net margin of 8.71%. The company had revenue of $346.30 million for the quarter, compared to analyst estimates of $349.70 million. During the same period in the previous year, the company posted $1.02 earnings per share. The firm’s revenue was down .2% on a year-over-year basis. Horace Mann Educators updated its FY22 guidance to $2.15-2.35 EPS.

Horace Mann Educators Stock Up 4.2 %

Shares of HMN stock traded up $1.42 during mid-day trading on Friday, hitting $35.20. The company’s stock had a trading volume of 239,339 shares, compared to its average volume of 272,804. Horace Mann Educators has a 52-week low of $32.60 and a 52-week high of $42.95. The business has a 50-day moving average price of $36.30 and a 200 day moving average price of $38.84. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.11 and a current ratio of 0.11. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 12.53 and a beta of 0.45.

Horace Mann Educators Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date was Tuesday, June 14th. Horace Mann Educators’s payout ratio is 45.55%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on HMN shares. TheStreet lowered Horace Mann Educators from a “b-” rating to a “c” rating in a research report on Thursday. Piper Sandler lowered their price objective on Horace Mann Educators from $40.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, July 14th.

Insider Transactions at Horace Mann Educators

In other news, EVP Matthew P. Sharpe sold 3,500 shares of the business’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of $34.43, for a total value of $120,505.00. Following the completion of the transaction, the executive vice president now owns 74,386 shares in the company, valued at $2,561,109.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Matthew P. Sharpe sold 3,500 shares of the business’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of $34.43, for a total value of $120,505.00. Following the completion of the transaction, the executive vice president now owns 74,386 shares in the company, valued at $2,561,109.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas A. Bradley purchased 5,000 shares of the firm’s stock in a transaction dated Wednesday, May 11th. The stock was acquired at an average price of $37.96 per share, with a total value of $189,800.00. Following the purchase, the director now directly owns 7,500 shares of the company’s stock, valued at $284,700. The disclosure for this purchase can be found here. Company insiders own 3.20% of the company’s stock.

Institutional Trading of Horace Mann Educators

Large investors have recently modified their holdings of the company. Captrust Financial Advisors grew its holdings in shares of Horace Mann Educators by 37.9% in the first quarter. Captrust Financial Advisors now owns 3,882 shares of the insurance provider’s stock worth $162,000 after acquiring an additional 1,066 shares during the period. APG Asset Management N.V. bought a new stake in shares of Horace Mann Educators in the first quarter worth $211,000. Eaton Vance Management grew its holdings in shares of Horace Mann Educators by 50.2% in the first quarter. Eaton Vance Management now owns 5,781 shares of the insurance provider’s stock worth $242,000 after acquiring an additional 1,932 shares during the period. Keeley Teton Advisors LLC bought a new stake in shares of Horace Mann Educators in the first quarter worth $251,000. Finally, Guggenheim Capital LLC bought a new stake in shares of Horace Mann Educators in the first quarter worth $314,000.

Horace Mann Educators Company Profile

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Horace Mann Educators Corporation, together with its subsidiaries, operates as an insurance holding company in the United States. It operates in three segments: Property & Casualty, Life & Retirement, and Supplemental & Group Benefits. The company underwrites and markets personal lines of property and casualty insurance, including personal lines auto and property insurance products; supplemental insurance products, which include cancer, heart, hospital, supplemental disability, and accident coverages; retirement products, such as tax-qualified fixed and variable annuities; and life insurance products comprising whole life and term, as well as indexed universal life insurance products.