Horace Mann Educators Co. (NYSE:HMN) – Equities research analysts at Langen Mcalenn lowered their Q4 2017 earnings per share (EPS) estimates for Horace Mann Educators in a report released on Tuesday. Langen Mcalenn analyst R. Glasspiegel now expects that the insurance provider will post earnings per share of $0.56 for the quarter, down from their previous forecast of $0.62. Langen Mcalenn also issued estimates for Horace Mann Educators’ FY2018 earnings at $2.55 EPS.
Horace Mann Educators (NYSE:HMN) last issued its quarterly earnings results on Tuesday, October 24th. The insurance provider reported $0.69 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $289.80 million for the quarter, compared to analysts’ expectations of $293.10 million. During the same period in the previous year, the business earned $0.58 earnings per share. Horace Mann Educators’s revenue for the quarter was down .5% compared to the same quarter last year.
Shares of Horace Mann Educators (NYSE:HMN) opened at $43.50 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.09 and a quick ratio of 0.09. Horace Mann Educators has a 1 year low of $33.85 and a 1 year high of $47.65. The company has a market cap of $1,791.39, a PE ratio of 28.25 and a beta of 1.17.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC raised its holdings in Horace Mann Educators by 3.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 58,960 shares of the insurance provider’s stock worth $2,600,000 after buying an additional 2,000 shares during the period. Dalton Greiner Hartman Maher & Co. increased its holdings in shares of Horace Mann Educators by 3.4% in the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 455,724 shares of the insurance provider’s stock valued at $20,097,000 after purchasing an additional 15,105 shares during the period. California Public Employees Retirement System increased its holdings in shares of Horace Mann Educators by 1.1% in the 3rd quarter. California Public Employees Retirement System now owns 120,225 shares of the insurance provider’s stock valued at $4,731,000 after purchasing an additional 1,325 shares during the period. Earnest Partners LLC increased its holdings in shares of Horace Mann Educators by 2.9% in the 3rd quarter. Earnest Partners LLC now owns 1,577,320 shares of the insurance provider’s stock valued at $62,068,000 after purchasing an additional 44,440 shares during the period. Finally, Cramer Rosenthal Mcglynn LLC increased its holdings in shares of Horace Mann Educators by 45.5% in the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 366,405 shares of the insurance provider’s stock valued at $14,418,000 after purchasing an additional 114,645 shares during the period.
In other Horace Mann Educators news, Director Robert Stricker sold 3,829 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $45.75, for a total transaction of $175,176.75. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 2.40% of the stock is currently owned by insiders.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Monday, December 18th were issued a dividend of $0.275 per share. The ex-dividend date of this dividend was Friday, December 15th. This represents a $1.10 annualized dividend and a yield of 2.53%. Horace Mann Educators’s payout ratio is presently 71.43%.
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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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