Horace Mann Educators (NYSE:HMN – Get 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
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
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.
- Get a free copy of the StockNews.com research report on Horace Mann Educators (HMN)
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Cronos Group Inc’s Revenues Are Up, Is It Time to Buy?
- Beyond Meat Is Not Beyond Hope, And It’s Cheap
- Why Apple Could Be At All-Time Highs By Year End
- BJ’s Wholesale Club Stock Has More Room to Grow
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.