Horace Mann Educators (NYSE:HMN) Issues Earnings Results

Horace Mann Educators (NYSE:HMN) issued its quarterly earnings data on Tuesday. The insurance provider reported $2.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.96, Zacks reports. Horace Mann Educators had a return on equity of 14.08% and a net margin of 10.15%.

Horace Mann Educators Stock Performance

HMN stock traded down $0.31 during trading on Tuesday, hitting $47.47. The company had a trading volume of 322,991 shares, compared to its average volume of 263,449. The firm has a 50-day moving average price of $47.67 and a 200-day moving average price of $46.89. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.40. The firm has a market cap of $1.92 billion, a PE ratio of 11.09 and a beta of 0.08. Horace Mann Educators has a 1-year low of $41.29 and a 1-year high of $55.56.

Horace Mann Educators Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 3.0%. The ex-dividend date was Wednesday, September 16th. Horace Mann Educators’s payout ratio is 33.64%.

Insiders Place Their Bets

In other Horace Mann Educators news, CEO Marita Zuraitis sold 4,767 shares of the stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $46.23, for a total transaction of $220,378.41. Following the completion of the sale, the chief executive officer directly owned 293,884 shares of the company’s stock, valued at approximately $13,586,257.32. This trade represents a 1.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Donald Carley sold 2,054 shares of Horace Mann Educators stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $52.28, for a total value of $107,383.12. Following the completion of the transaction, the general counsel owned 28,760 shares in the company, valued at $1,503,572.80. This trade represents a 6.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 20,291 shares of company stock valued at $1,005,488. 3.60% of the stock is owned by company insiders.

Analyst Ratings Changes

HMN has been the topic of a number of research reports. Wall Street Zen upgraded shares of Horace Mann Educators from a “hold” rating to a “buy” rating in a research report on Monday, October 12th. Raymond James Financial reiterated a “strong-buy” rating and issued a $59.00 price target on shares of Horace Mann Educators in a research report on Thursday, August 13th. Weiss Ratings cut shares of Horace Mann Educators from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Wednesday, October 28th. Finally, Zacks Research cut shares of Horace Mann Educators from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $59.00.

Horace Mann Educators Company Profile

Horace Mann Educators Corporation (NYSE: HMN) is an insurance and financial services company focused on serving educators and employees of public schools. The company provides products designed to address the personal insurance, life insurance and retirement needs of educators, school administrators and other education professionals.

Its offerings include automobile and homeowners insurance, life insurance, supplemental insurance products and retirement annuities. Horace Mann also provides retirement planning resources and other financial services intended to help educators prepare for retirement and manage their long-term financial needs.

Founded in 1945, the company is headquartered in Springfield, Illinois, and markets its products primarily through a network of agents serving the education community across the United States.