Zacks: Analysts Expect Horace Mann Educators Co. (HMN) to Announce $0.55 EPS

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Analysts expect that Horace Mann Educators Co. (NYSE:HMN) will announce $0.55 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Horace Mann Educators’ earnings. Horace Mann Educators posted earnings per share of $0.69 in the same quarter last year, which indicates a negative year-over-year growth rate of 20.3%. The company is scheduled to announce its next quarterly earnings report on Tuesday, October 23rd.

According to Zacks, analysts expect that Horace Mann Educators will report full-year earnings of $1.95 per share for the current financial year. For the next financial year, analysts expect that the firm will report earnings of $2.60 per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Horace Mann Educators.

Horace Mann Educators (NYSE:HMN) last released its quarterly earnings data on Thursday, August 2nd. The insurance provider reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.01). Horace Mann Educators had a net margin of 14.89% and a return on equity of 5.90%. The company had revenue of $306.20 million for the quarter.

Separately, Zacks Investment Research upgraded Horace Mann Educators from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research report on Wednesday, July 18th.

In other Horace Mann Educators news, insider Matthew P. Sharpe sold 6,827 shares of the business’s stock in a transaction on Monday, August 13th. The stock was sold at an average price of $44.54, for a total transaction of $304,074.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sandra L. Figurski sold 2,638 shares of the business’s stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $46.05, for a total value of $121,479.90. Following the transaction, the insider now owns 6,441 shares of the company’s stock, valued at approximately $296,608.05. The disclosure for this sale can be found here. Insiders have sold a total of 34,440 shares of company stock valued at $1,581,800 in the last quarter. 2.20% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in HMN. BlackRock Inc. raised its stake in shares of Horace Mann Educators by 5.1% in the 2nd quarter. BlackRock Inc. now owns 5,638,204 shares of the insurance provider’s stock worth $251,462,000 after buying an additional 273,649 shares in the last quarter. BTIM Corp. bought a new stake in shares of Horace Mann Educators in the 2nd quarter worth $8,878,000. First Trust Advisors LP raised its stake in shares of Horace Mann Educators by 903.2% in the 2nd quarter. First Trust Advisors LP now owns 106,048 shares of the insurance provider’s stock worth $4,730,000 after buying an additional 95,477 shares in the last quarter. Bank of Montreal Can bought a new stake in shares of Horace Mann Educators in the 2nd quarter worth $3,677,000. Finally, Ipswich Investment Management Co. Inc. bought a new stake in shares of Horace Mann Educators in the 2nd quarter worth $3,616,000. Institutional investors own 99.30% of the company’s stock.

NYSE:HMN traded down $0.22 during midday trading on Friday, reaching $43.54. 87,875 shares of the company traded hands, compared to its average volume of 125,196. Horace Mann Educators has a twelve month low of $37.50 and a twelve month high of $47.65. The firm has a market capitalization of $1.84 billion, a P/E ratio of 25.02 and a beta of 0.73. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.06 and a quick ratio of 0.06.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 14th were given a dividend of $0.285 per share. The ex-dividend date was Thursday, September 13th. This represents a $1.14 dividend on an annualized basis and a yield of 2.62%. Horace Mann Educators’s dividend payout ratio (DPR) is presently 65.52%.

Horace Mann Educators Company Profile

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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Earnings History and Estimates for Horace Mann Educators (NYSE:HMN)

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