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

Horace Mann Educators (NYSE:HMN – Get 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

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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.