Horace Mann Educators Corporation (HMN) Issues Earnings Results, Beats Expectations By $0.47 EPS
Horace Mann Educators Corporation (NYSE:HMN) announced its quarterly earnings data on Tuesday. The insurance provider reported $0.69 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.47, Bloomberg Earnings reports. The firm had revenue of $289.80 million during the quarter, compared to analyst estimates of $293.10 million. Horace Mann Educators Corporation had a return on equity of 4.56% and a net margin of 5.59%. The company’s revenue was down .5% on a year-over-year basis. During the same period last year, the company earned $0.58 earnings per share.
Horace Mann Educators Corporation (NYSE HMN) opened at 40.45 on Wednesday. The stock’s 50 day moving average price is $38.60 and its 200 day moving average price is $37.91. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 26.08 and a beta of 1.09. Horace Mann Educators Corporation has a 52-week low of $33.30 and a 52-week high of $44.15.
The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.10 annualized dividend and a dividend yield of 2.72%. Horace Mann Educators Corporation’s payout ratio is currently 70.97%.
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In other news, Director Robert Stricker sold 3,500 shares of the stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $39.35, for a total value of $137,725.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.40% of the company’s stock.
Several research firms have recently issued reports on HMN. TheStreet upgraded Horace Mann Educators Corporation from a “c+” rating to a “b-” rating in a research report on Wednesday, September 27th. BidaskClub lowered Horace Mann Educators Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. Keefe, Bruyette & Woods restated a “sell” rating and set a $35.00 target price on shares of Horace Mann Educators Corporation in a research report on Friday, August 18th. Finally, Zacks Investment Research lowered Horace Mann Educators Corporation from a “hold” rating to a “sell” rating in a research report on Friday, July 14th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Horace Mann Educators Corporation currently has an average rating of “Hold” and an average target price of $37.00.
Horace Mann Educators Corporation Company Profile
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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