Horace Mann Educators (NYSE:HMN) Releases Earnings Results, Beats Expectations By $0.96 EPS

Key Points

• Horace Mann Educators reported quarterly EPS of $2.06, beating the $1.10 analyst consensus by $0.96; net margin was 10.15% and return on equity was 14.08%.
• Shares fell 0.6% to $47.47 during Tuesday trading, despite the earnings beat.
• The company’s quarterly dividend of $0.36 equates to a 3.0% annualized yield, while analysts’ consensus rating is Buy with an average $59 price target.

Horace Mann Educators (NYSE:HMN - Get Free Report) announced 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 net margin of 10.15% and a return on equity of 14.08%.

Horace Mann Educators Stock Down 0.6%

Shares of Horace Mann Educators stock traded down $0.31 during trading hours on Tuesday, hitting $47.47. The company had a trading volume of 322,991 shares, compared to its average volume of 263,449. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.08 and a quick ratio of 0.08. The company's 50-day moving average is $47.67 and its two-hundred day moving average is $46.89. The company has a market cap of $1.92 billion, a P/E ratio of 11.09 and a beta of 0.08. Horace Mann Educators has a twelve month low of $41.29 and a twelve month high of $55.56.

Horace Mann Educators Announces Dividend

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

Insider Buying and Selling

In related news, General Counsel Donald Carley sold 2,054 shares of the business's stock in a transaction 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 sale, the general counsel directly owned 28,760 shares of the company's stock, valued at $1,503,572.80. The trade was a 6.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Marita Zuraitis sold 4,767 shares of the business's stock in a transaction on Friday, October 16th. The shares were 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 20,291 shares of company stock worth $1,005,488 in the last ninety days. 3.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Wall Street Zen upgraded shares of Horace Mann Educators from a "hold" rating to a "buy" rating in a research note on Monday, October 12th. Zacks Research cut Horace Mann Educators from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 12th. Weiss Ratings cut Horace Mann Educators from a "buy (a-)" rating to a "buy (b+)" rating in a research report on Wednesday, October 28th. Finally, Raymond James Financial reiterated a "strong-buy" rating and issued a $59.00 price objective on shares of Horace Mann Educators in a report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $59.00.

About Horace Mann Educators

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.

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