Wall Street analysts expect Horace Mann Educators Co. (NYSE:HMN) to announce earnings per share (EPS) of $0.55 for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Horace Mann Educators’ earnings. Horace Mann Educators reported earnings per share of $0.37 during the same quarter last year, which suggests a positive year-over-year growth rate of 48.6%. The business is expected to issue its next quarterly earnings results after the market closes on Tuesday, April 24th.
According to Zacks, analysts expect that Horace Mann Educators will report full-year earnings of $2.25 per share for the current fiscal year. For the next fiscal year, analysts forecast that the firm will report earnings of $2.65 per share. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Horace Mann Educators.
Horace Mann Educators (NYSE:HMN) last posted its quarterly earnings results on Tuesday, February 6th. The insurance provider reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.09. Horace Mann Educators had a return on equity of 5.17% and a net margin of 14.46%. The firm had revenue of $303.00 million during the quarter. During the same period last year, the firm posted $0.52 EPS. Horace Mann Educators’s revenue was up 7.1% on a year-over-year basis.
A number of equities research analysts have issued reports on HMN shares. Zacks Investment Research downgraded Horace Mann Educators from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 26th. Keefe, Bruyette & Woods set a $43.00 price target on Horace Mann Educators and gave the company a “hold” rating in a research report on Wednesday, February 7th. Finally, ValuEngine raised Horace Mann Educators from a “hold” rating to a “buy” rating in a research report on Thursday, March 8th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Horace Mann Educators has an average rating of “Hold” and a consensus target price of $46.50.
In other Horace Mann Educators news, CFO Bret A. Conklin sold 4,259 shares of the business’s stock in a transaction dated Wednesday, March 21st. The stock was sold at an average price of $44.82, for a total transaction of $190,888.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.10% of the stock is currently owned by insiders.
A number of hedge funds have recently bought and sold shares of HMN. Millennium Management LLC boosted its position in shares of Horace Mann Educators by 188.8% in the fourth quarter. Millennium Management LLC now owns 607,893 shares of the insurance provider’s stock worth $26,808,000 after buying an additional 397,389 shares during the period. BlackRock Inc. boosted its position in shares of Horace Mann Educators by 4.1% in the fourth quarter. BlackRock Inc. now owns 5,348,030 shares of the insurance provider’s stock worth $235,848,000 after buying an additional 209,269 shares during the period. Franklin Resources Inc. boosted its position in shares of Horace Mann Educators by 14.6% in the fourth quarter. Franklin Resources Inc. now owns 1,618,700 shares of the insurance provider’s stock worth $71,385,000 after buying an additional 206,085 shares during the period. Channing Capital Management LLC boosted its position in shares of Horace Mann Educators by 12.9% in the fourth quarter. Channing Capital Management LLC now owns 1,377,548 shares of the insurance provider’s stock worth $60,750,000 after buying an additional 157,919 shares during the period. Finally, Wells Fargo & Company MN boosted its position in shares of Horace Mann Educators by 69.7% in the third quarter. Wells Fargo & Company MN now owns 276,558 shares of the insurance provider’s stock worth $10,882,000 after buying an additional 113,554 shares during the period. 98.26% of the stock is owned by hedge funds and other institutional investors.
HMN stock traded up $0.55 during trading on Tuesday, reaching $44.35. 159,846 shares of the stock traded hands, compared to its average volume of 147,492. Horace Mann Educators has a 52-week low of $33.85 and a 52-week high of $47.65. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.20. The company has a market cap of $1,786.18, a PE ratio of 25.49 and a beta of 0.95.
The company also recently declared a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Monday, March 19th were given a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date was Friday, March 16th. This is an increase from Horace Mann Educators’s previous quarterly dividend of $0.28. Horace Mann Educators’s payout ratio is 65.52%.
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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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