Horace Mann Educators Corp. (HMN) Shares Gap Down to $36.04
Horace Mann Educators Corp. (NYSE:HMN)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $35.97, but opened at $36.04. Horace Mann Educators Corp. shares last traded at $36.25, with a volume of 150,980 shares trading hands.
Separately, Zacks Investment Research raised shares of Horace Mann Educators Corp. from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Tuesday, June 14th.
The firm has a market capitalization of $1.48 billion, a PE ratio of 19.32 and a beta of 1.24. The stock’s 50-day moving average is $35.64 and its 200 day moving average is $33.52.
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Horace Mann Educators Corp. (NYSE:HMN) last posted its earnings results on Wednesday, July 27th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.08. The firm earned $283.50 million during the quarter, compared to the consensus estimate of $273.80 million. Horace Mann Educators Corp. had a net margin of 7.30% and a return on equity of 5.64%. The company’s revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the company earned $0.36 earnings per share. On average, equities analysts predict that Horace Mann Educators Corp. will post $1.93 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be paid a $0.265 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $1.06 annualized dividend and a dividend yield of 2.89%. Horace Mann Educators Corp.’s payout ratio is 55.21%.
In other news, CFO Dwayne D. Hallman sold 8,220 shares of Horace Mann Educators Corp. stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $36.29, for a total value of $298,303.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.10% of the stock is currently owned by insiders.
Several institutional investors have recently bought and sold shares of HMN. Vanguard Group Inc. increased its position in Horace Mann Educators Corp. by 2.8% in the second quarter. Vanguard Group Inc. now owns 3,224,036 shares of the company’s stock valued at $108,940,000 after buying an additional 86,359 shares during the last quarter. Silvercrest Asset Management Group LLC increased its position in Horace Mann Educators Corp. by 9.4% in the second quarter. Silvercrest Asset Management Group LLC now owns 2,940,288 shares of the company’s stock valued at $99,353,000 after buying an additional 252,105 shares during the last quarter. BlackRock Fund Advisors increased its position in Horace Mann Educators Corp. by 0.8% in the second quarter. BlackRock Fund Advisors now owns 2,666,826 shares of the company’s stock valued at $90,112,000 after buying an additional 22,093 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in Horace Mann Educators Corp. by 2.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,042,588 shares of the company’s stock valued at $33,040,000 after buying an additional 24,283 shares during the last quarter. Finally, State Street Corp increased its position in Horace Mann Educators Corp. by 1.0% in the second quarter. State Street Corp now owns 844,889 shares of the company’s stock valued at $28,548,000 after buying an additional 8,762 shares during the last quarter. Hedge funds and other institutional investors own 99.36% of the company’s stock.
About Horace Mann Educators Corp.
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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