Brokerages forecast that Horace Mann Educators Co. (NYSE:HMN) will post earnings per share (EPS) of $0.75 for the current quarter, Zacks reports. Zero analysts have made estimates for Horace Mann Educators’ earnings. Horace Mann Educators reported earnings per share of $0.65 during the same quarter last year, which would suggest a positive year-over-year growth rate of 15.4%. The company is scheduled to announce its next earnings report on Tuesday, February 5th.
On average, analysts expect that Horace Mann Educators will report full year earnings of $1.58 per share for the current financial year. For the next fiscal year, analysts forecast that the company will post earnings of $2.60 per share. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Horace Mann Educators.
Horace Mann Educators (NYSE:HMN) last announced its earnings results on Tuesday, October 30th. The insurance provider reported $0.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.07. Horace Mann Educators had a net margin of 13.48% and a return on equity of 4.63%. The company had revenue of $311.40 million for the quarter.
HMN has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Horace Mann Educators from a “sell” rating to a “hold” rating in a research report on Wednesday, October 10th. ValuEngine lowered shares of Horace Mann Educators from a “buy” rating to a “hold” rating in a research report on Thursday, November 15th.
In related news, insider Sandra L. Figurski sold 2,638 shares of the stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $46.05, for a total transaction of $121,479.90. Following the sale, the insider now owns 6,441 shares in the company, valued at approximately $296,608.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steve Hassenmiller sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $40.39, for a total transaction of $121,170.00. Following the completion of the sale, the director now owns 27,664 shares in the company, valued at approximately $1,117,348.96. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in Horace Mann Educators by 1.7% in the third quarter. Vanguard Group Inc. now owns 4,179,041 shares of the insurance provider’s stock valued at $187,640,000 after buying an additional 68,665 shares in the last quarter. Morgan Stanley raised its stake in Horace Mann Educators by 70.1% during the third quarter. Morgan Stanley now owns 181,265 shares of the insurance provider’s stock worth $8,140,000 after buying an additional 74,692 shares during the last quarter. Legal & General Group Plc raised its stake in Horace Mann Educators by 6.3% during the third quarter. Legal & General Group Plc now owns 107,738 shares of the insurance provider’s stock worth $4,842,000 after buying an additional 6,349 shares during the last quarter. AQR Capital Management LLC raised its stake in Horace Mann Educators by 12.9% during the third quarter. AQR Capital Management LLC now owns 35,181 shares of the insurance provider’s stock worth $1,580,000 after buying an additional 4,026 shares during the last quarter. Finally, IndexIQ Advisors LLC raised its stake in Horace Mann Educators by 3.9% during the third quarter. IndexIQ Advisors LLC now owns 53,175 shares of the insurance provider’s stock worth $2,388,000 after buying an additional 2,008 shares during the last quarter.
Shares of HMN traded down $0.01 during mid-day trading on Monday, hitting $38.21. 173,490 shares of the company’s stock were exchanged, compared to its average volume of 108,104. Horace Mann Educators has a 52 week low of $37.02 and a 52 week high of $47.50. The stock has a market capitalization of $1.56 billion, a PE ratio of 21.96 and a beta of 0.87. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.23.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Monday, December 17th will be given a dividend of $0.285 per share. The ex-dividend date is Friday, December 14th. This represents a $1.14 annualized dividend and a dividend yield of 2.98%. Horace Mann Educators’s dividend payout ratio is 65.52%.
About Horace Mann Educators
Horace Mann Educators Corporation, through its subsidiaries, operates as a multiline insurance company in the United States. The Company operates Property and Casualty Insurance, Annuity Products, and Life Insurance segments. It underwrites and markets personal lines of property and casualty insurance, including personal lines automobile and property insurance products; retirement products, such as tax-qualified annuities; and life insurance products.
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