Horace Mann Educators Co. (HMN) Expected to Post Earnings of $0.62 Per Share
Brokerages forecast that Horace Mann Educators Co. (NYSE:HMN) will post $0.62 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Horace Mann Educators’ earnings. Horace Mann Educators reported earnings of $0.52 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 19.2%. The business is scheduled to issue its next quarterly earnings results after the market closes on Tuesday, February 6th.
On average, analysts expect that Horace Mann Educators will report full year earnings of $1.70 per share for the current financial year. For the next year, analysts expect that the company will report earnings of $2.30 per share. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that follow Horace Mann Educators.
Horace Mann Educators (NYSE:HMN) last announced its earnings results on Tuesday, October 24th. The insurance provider reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.47. Horace Mann Educators had a net margin of 5.56% and a return on equity of 4.94%. The business had revenue of $289.80 million during the quarter, compared to analysts’ expectations of $293.10 million. During the same period in the prior year, the company earned $0.58 earnings per share. The business’s revenue was down .5% compared to the same quarter last year.
In other news, Director Robert Stricker sold 3,829 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $45.75, for a total transaction of $175,176.75. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.40% of the company’s stock.
Several institutional investors have recently modified their holdings of HMN. Advisor Group Inc. increased its stake in shares of Horace Mann Educators by 32.0% during the second quarter. Advisor Group Inc. now owns 3,023 shares of the insurance provider’s stock worth $114,000 after acquiring an additional 733 shares during the period. Stifel Financial Corp acquired a new position in shares of Horace Mann Educators during the third quarter worth about $203,000. Amalgamated Bank increased its stake in shares of Horace Mann Educators by 1.4% during the second quarter. Amalgamated Bank now owns 5,563 shares of the insurance provider’s stock worth $210,000 after acquiring an additional 78 shares during the period. CIBC Asset Management Inc acquired a new position in shares of Horace Mann Educators during the third quarter worth about $214,000. Finally, Piedmont Investment Advisors LLC acquired a new position in Horace Mann Educators during the second quarter worth about $331,000.
Shares of Horace Mann Educators (HMN) traded down $0.10 during trading hours on Monday, hitting $44.05. 73,000 shares of the stock were exchanged, compared to its average volume of 127,611. Horace Mann Educators has a 1-year low of $33.85 and a 1-year high of $47.65. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $1,791.39, a PE ratio of 28.60 and a beta of 1.17.
The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Monday, December 18th were paid a dividend of $0.275 per share. The ex-dividend date was Friday, December 15th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.50%. Horace Mann Educators’s dividend payout ratio (DPR) is 71.43%.
About Horace Mann Educators
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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