Horace Mann Educators (NYSE:HMN) issued its earnings results on Tuesday. The insurance provider reported $1.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.30, MarketWatch Earnings reports. The business had revenue of $322.00 million during the quarter, compared to analysts’ expectations of $327.27 million. Horace Mann Educators had a return on equity of 7.96% and a net margin of 9.18%. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.78 EPS. Horace Mann Educators updated its FY 2021 guidance to 3.000-3.200 EPS and its FY21 guidance to $3.00-3.20 EPS.
Shares of Horace Mann Educators stock opened at $40.84 on Wednesday. Horace Mann Educators has a 1-year low of $30.48 and a 1-year high of $44.74. The company has a market capitalization of $1.69 billion, a PE ratio of 14.48 and a beta of 0.64. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.07 and a quick ratio of 0.07. The business has a 50-day moving average of $42.18 and a 200-day moving average of $40.67.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 31st. Shareholders of record on Wednesday, March 17th were given a $0.31 dividend. This is a boost from Horace Mann Educators’s previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date was Tuesday, March 16th. Horace Mann Educators’s dividend payout ratio is presently 56.36%.
In related news, CEO Marita Zuraitis sold 3,333 shares of the company’s stock in a transaction on Thursday, April 15th. The shares were sold at an average price of $42.59, for a total value of $141,952.47. Also, EVP Matthew P. Sharpe sold 987 shares of the stock in a transaction on Monday, March 15th. The shares were sold at an average price of $43.90, for a total transaction of $43,329.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,203 shares of company stock worth $355,503. Corporate insiders own 2.60% of the company’s stock.
Several equities research analysts have recently issued reports on HMN shares. Zacks Investment Research raised shares of Horace Mann Educators from a “sell” rating to a “hold” rating in a research report on Wednesday, April 7th. Piper Sandler downgraded Horace Mann Educators from an “overweight” rating to a “neutral” rating and set a $45.00 target price on the stock. in a report on Wednesday, January 6th. Finally, Raymond James started coverage on Horace Mann Educators in a research report on Thursday, February 25th. They set a “market perform” rating on the stock.
About Horace Mann Educators
Horace Mann Educators Corporation, together with its subsidiaries, operates as a multiline insurance company in the United States. The Company operates through five segments: Property and Casualty, Supplemental, Retirement, Life, and Corporate and Other. It underwrites and markets personal lines of property and casualty insurance, including personal lines automobile and property insurance products; supplemental insurance products, which includes 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 and indexed universal life insurance.
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