Horace Mann Educators Corporation, together with its subsidiaries, operates as an insurance holding company in the United States. It operates in three segments: Property & Casualty, Life & Retirement, and Supplemental & Group Benefits. The company underwrites and markets personal lines of property and casualty insurance, including personal lines auto and property insurance products; supplemental insurance products, which include 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, as well as indexed universal life insurance products. It also offers student loan solutions, including online student loan management accounts for educators. The company markets its products through its sales force of full-time exclusive agents to K-12 teachers, administrators, and other employees of public schools and their families. Horace Mann Educators Corporation was founded in 1945 and is headquartered in Springfield, Illinois.
Wall Street Analyst Weigh In
HMN has been the topic of several research reports. Piper Sandler cut their target price on Horace Mann Educators from $40.00 to $38.00 and set a "neutral" rating on the stock in a research report on Thursday, July 14th. TheStreet lowered shares of Horace Mann Educators from a "b-" rating to a "c" rating in a research report on Thursday, August 4th.
Horace Mann Educators Trading Up 1.6 %
Shares of Horace Mann Educators stock opened at $35.87 on Wednesday. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.17. The company's 50-day simple moving average is $36.10 and its 200-day simple moving average is $38.83. Horace Mann Educators has a 52-week low of $32.60 and a 52-week high of $42.95. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 25.62 and a beta of 0.45.
Horace Mann Educators (NYSE:HMN - Get Rating) last announced its quarterly earnings data on Thursday, August 4th. The insurance provider reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.15. Horace Mann Educators had a net margin of 4.34% and a return on equity of 5.17%. The business had revenue of $346.30 million for the quarter, compared to the consensus estimate of $349.70 million. During the same quarter in the prior year, the firm posted $1.02 earnings per share. The company's quarterly revenue was down .2% compared to the same quarter last year. As a group, equities research analysts anticipate that Horace Mann Educators will post 2.25 earnings per share for the current year.
Horace Mann Educators Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 3.57%. The ex-dividend date was Tuesday, June 14th. Horace Mann Educators's dividend payout ratio (DPR) is currently 91.43%.
Insider Buying and Selling
In other Horace Mann Educators news, EVP Matthew P. Sharpe sold 3,500 shares of Horace Mann Educators stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $34.43, for a total value of $120,505.00. Following the completion of the sale, the executive vice president now directly owns 74,386 shares in the company, valued at $2,561,109.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.20% of the stock is currently owned by corporate insiders.