Horace Mann Educators (NYSE:HMN) Issues Quarterly Earnings Results

Horace Mann Educators (NYSE:HMNGet Rating) posted 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. 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 the consensus estimate of $349.70 million. During the same period last year, the firm posted $1.02 EPS. The firm’s revenue for the quarter was down .2% on a year-over-year basis. Horace Mann Educators updated its FY22 guidance to $2.15-2.35 EPS.

Horace Mann Educators Trading Up 4.2 %

Shares of NYSE HMN traded up $1.42 during midday trading on Friday, reaching $35.20. 239,339 shares of the stock were exchanged, compared to its average volume of 242,753. The company has a market capitalization of $1.46 billion, a P/E ratio of 12.53 and a beta of 0.45. Horace Mann Educators has a 52-week low of $32.60 and a 52-week high of $42.95. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.17. The stock has a 50 day moving average price of $36.30 and a 200-day moving average price of $38.84.

Horace Mann Educators Dividend Announcement

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

Analysts Set New Price Targets

Separately, Piper Sandler dropped their target price on shares of Horace Mann Educators from $40.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, July 14th.

Insider Transactions at Horace Mann Educators

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

Institutional Investors Weigh In On Horace Mann Educators

A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. grew its holdings in Horace Mann Educators by 0.7% in the first quarter. BlackRock Inc. now owns 6,076,433 shares of the insurance provider’s stock valued at $254,178,000 after purchasing an additional 40,134 shares during the period. Vanguard Group Inc. grew its holdings in Horace Mann Educators by 0.8% in the first quarter. Vanguard Group Inc. now owns 4,963,155 shares of the insurance provider’s stock valued at $207,609,000 after purchasing an additional 38,840 shares during the period. State Street Corp grew its holdings in Horace Mann Educators by 0.3% in the first quarter. State Street Corp now owns 1,524,637 shares of the insurance provider’s stock valued at $63,776,000 after purchasing an additional 4,006 shares during the period. Bank of New York Mellon Corp grew its holdings in Horace Mann Educators by 2.2% in the first quarter. Bank of New York Mellon Corp now owns 598,357 shares of the insurance provider’s stock valued at $25,029,000 after purchasing an additional 12,787 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Horace Mann Educators by 3.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 423,583 shares of the insurance provider’s stock valued at $17,719,000 after purchasing an additional 16,045 shares during the period.

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.

See Also

Earnings History for Horace Mann Educators (NYSE:HMN)

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