Horace Mann Educators (NYSE:HMN) Announces Quarterly Earnings Results, Beats Estimates By $0.15 EPS

Horace Mann Educators (NYSE:HMNGet Rating) issued its quarterly earnings results on Thursday. The insurance provider reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.15, Briefing.com reports. Horace Mann Educators had a net margin of 8.71% and a return on equity of 7.57%. The firm had revenue of $346.30 million during the quarter, compared to analyst estimates of $349.70 million. During the same quarter in the prior year, the business posted $1.02 earnings per share. Horace Mann Educators’s revenue for the quarter was down .2% compared to the same quarter last year. Horace Mann Educators updated its FY22 guidance to $2.15-2.35 EPS.

Horace Mann Educators Trading Up 4.2 %

Shares of Horace Mann Educators stock traded up $1.42 during trading hours on Friday, hitting $35.20. The company’s stock had a trading volume of 239,339 shares, compared to its average volume of 272,804. Horace Mann Educators has a 1-year low of $32.60 and a 1-year high of $42.95. The business has a fifty day moving average of $36.30 and a 200 day moving average of $38.84. The company has a market capitalization of $1.46 billion, a PE 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 3.64%. The ex-dividend date was Tuesday, June 14th. Horace Mann Educators’s payout ratio is currently 45.55%.

Insider Activity at Horace Mann Educators

In related news, Director Thomas A. Bradley acquired 5,000 shares of Horace Mann Educators stock in a transaction on Wednesday, May 11th. The shares were purchased at an average cost of $37.96 per share, for a total transaction of $189,800.00. Following the purchase, the director now directly owns 7,500 shares of the company’s stock, valued at approximately $284,700. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Matthew P. Sharpe sold 3,500 shares of the firm’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $34.43, for a total value of $120,505.00. Following the transaction, the executive vice president now directly owns 74,386 shares in the company, valued at approximately $2,561,109.98. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Thomas A. Bradley purchased 5,000 shares of Horace Mann Educators stock in a transaction dated Wednesday, May 11th. The stock was acquired 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. Company insiders own 3.20% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HMN. Renaissance Technologies LLC lifted its position in shares of Horace Mann Educators by 1,028.1% in the 1st quarter. Renaissance Technologies LLC now owns 93,631 shares of the insurance provider’s stock worth $3,917,000 after buying an additional 85,331 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Horace Mann Educators by 38.2% in the 1st quarter. JPMorgan Chase & Co. now owns 159,434 shares of the insurance provider’s stock worth $6,670,000 after acquiring an additional 44,088 shares during the period. BlackRock Inc. increased its holdings in shares of Horace Mann Educators by 0.7% in the 1st quarter. BlackRock Inc. now owns 6,076,433 shares of the insurance provider’s stock worth $254,178,000 after acquiring an additional 40,134 shares during the period. Vanguard Group Inc. increased its holdings in shares of Horace Mann Educators by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 4,963,155 shares of the insurance provider’s stock worth $207,609,000 after acquiring an additional 38,840 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Horace Mann Educators by 3.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 423,583 shares of the insurance provider’s stock worth $17,719,000 after acquiring an additional 16,045 shares during the period.

Analyst Upgrades and Downgrades

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

Horace Mann Educators Company Profile

(Get Rating)

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.

Featured Articles

Earnings History for Horace Mann Educators (NYSE:HMN)

Receive News & Ratings for Horace Mann Educators Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Horace Mann Educators and related companies with MarketBeat.com's FREE daily email newsletter.