Horace Mann Educators Corporation (NYSE:HMN) issued its quarterly earnings data on Monday, July 24th. The insurance provider reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by $0.09, Briefing.com reports. Horace Mann Educators Corporation had a return on equity of 4.56% and a net margin of 5.59%. The business had revenue of $291.40 million during the quarter, compared to the consensus estimate of $290.40 million. During the same period last year, the company earned $0.25 earnings per share. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. Horace Mann Educators Corporation updated its FY17 guidance to $1.45-1.65 EPS.
Shares of Horace Mann Educators Corporation (NYSE:HMN) traded up 0.41% during trading on Friday, reaching $37.10. The company’s stock had a trading volume of 169,515 shares. The company has a market capitalization of $1.51 billion, a P/E ratio of 23.92 and a beta of 1.05. Horace Mann Educators Corporation has a 12 month low of $33.30 and a 12 month high of $44.15. The company’s 50-day moving average is $36.87 and its 200-day moving average is $39.06.
HMN has been the subject of a number of recent analyst reports. Zacks Investment Research lowered Horace Mann Educators Corporation from a “hold” rating to a “strong sell” rating in a report on Thursday, April 27th. Keefe, Bruyette & Woods reissued a “sell” rating and issued a $37.00 price objective on shares of Horace Mann Educators Corporation in a report on Friday, May 26th. Finally, BidaskClub lowered Horace Mann Educators Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $37.50.
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In related news, CFO Bret A. Conklin sold 4,085 shares of the firm’s stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $37.95, for a total value of $155,025.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Matthew P. Sharpe sold 2,355 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $38.50, for a total transaction of $90,667.50. The disclosure for this sale can be found here. Company insiders own 2.10% of the company’s stock.
Several hedge funds have recently modified their holdings of HMN. BlackRock Inc. raised its stake in shares of Horace Mann Educators Corporation by 51,596.4% in the first quarter. BlackRock Inc. now owns 5,338,174 shares of the insurance provider’s stock worth $219,132,000 after buying an additional 5,327,848 shares in the last quarter. Norges Bank bought a new stake in shares of Horace Mann Educators Corporation during the fourth quarter worth $28,130,000. Victory Capital Management Inc. raised its stake in shares of Horace Mann Educators Corporation by 26.1% in the first quarter. Victory Capital Management Inc. now owns 1,582,823 shares of the insurance provider’s stock worth $64,975,000 after buying an additional 328,070 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Horace Mann Educators Corporation by 6.1% in the first quarter. Vanguard Group Inc. now owns 3,707,533 shares of the insurance provider’s stock worth $152,194,000 after buying an additional 212,640 shares in the last quarter. Finally, Great Lakes Advisors LLC raised its stake in shares of Horace Mann Educators Corporation by 133.1% in the first quarter. Great Lakes Advisors LLC now owns 262,536 shares of the insurance provider’s stock worth $10,777,000 after buying an additional 149,890 shares in the last quarter. 98.36% of the stock is owned by institutional investors and hedge funds.
About Horace Mann Educators Corporation
Horace Mann Educators Corporation (HMEC) is an insurance holding company. Through its subsidiaries, HMEC markets and underwrites personal lines of property and casualty (primarily personal lines automobile and homeowners) insurance, retirement annuities (primarily tax-qualified products) and life insurance in the United States.
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