Horace Mann Educators (NYSE:HMN) Issues Earnings Results

Horace Mann Educators (NYSE:HMN – Get Rating) released its 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. The company had revenue of $346.30 million during the quarter, compared to the consensus estimate of $349.70 million. Horace Mann Educators had a return on equity of 7.57% and a net margin of 8.71%. Horace Mann Educators’s revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.02 EPS. Horace Mann Educators updated its FY22 guidance to $2.15-2.35 EPS.

Horace Mann Educators Trading Up 4.2 %

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

Horace Mann Educators Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th were issued a $0.32 dividend. The ex-dividend date of this dividend was Tuesday, June 14th. This represents a $1.28 annualized dividend and a yield of 3.64%. Horace Mann Educators’s dividend payout ratio (DPR) is presently 45.55%.

Insider Buying and Selling

In other Horace Mann Educators news, Director Thomas A. Bradley bought 5,000 shares of Horace Mann Educators stock in a transaction that occurred on Wednesday, May 11th. The shares were acquired at an average price of $37.96 per share, for a total transaction of $189,800.00. Following the acquisition, the director now owns 7,500 shares of the company’s stock, valued at approximately $284,700. The acquisition was disclosed in a filing with the SEC, which is available at this link. In related news, EVP Matthew P. Sharpe sold 3,500 shares of the stock in a transaction that occurred 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 directly owns 74,386 shares of the company’s stock, valued at approximately $2,561,109.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas A. Bradley purchased 5,000 shares of the stock in a transaction dated Wednesday, May 11th. The shares were purchased at an average price of $37.96 per share, for a total transaction of $189,800.00. Following the completion of the transaction, the director now owns 7,500 shares in the company, valued at approximately $284,700. The disclosure for this purchase can be found here. 3.20% of the stock is currently owned by company insiders.

Institutional Trading of Horace Mann Educators

Institutional investors and hedge funds have recently bought and sold shares of the stock. Captrust Financial Advisors lifted its stake in shares of Horace Mann Educators by 37.9% in the 1st quarter. Captrust Financial Advisors now owns 3,882 shares of the insurance provider’s stock valued at $162,000 after purchasing an additional 1,066 shares during the last quarter. APG Asset Management N.V. bought a new stake in shares of Horace Mann Educators in the first quarter valued at about $211,000. Eaton Vance Management raised its stake 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 valued at $242,000 after purchasing an additional 1,932 shares in the last quarter. Keeley Teton Advisors LLC bought a new position in shares of Horace Mann Educators during the 1st quarter worth about $251,000. Finally, Guggenheim Capital LLC acquired a new stake in Horace Mann Educators in the 1st quarter valued at $314,000.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Piper Sandler lowered their price target on Horace Mann Educators from $40.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, July 14th. TheStreet lowered Horace Mann Educators from a “b-” rating to a “c” rating in a report on Thursday.

About Horace Mann Educators

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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.