Horace Mann Educators (NYSE:HMN) Announces Quarterly Earnings Results

Horace Mann Educators (NYSE:HMN) released its quarterly earnings data on Monday. The insurance provider reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.02, Bloomberg Earnings reports. Horace Mann Educators had a return on equity of 2.48% and a net margin of 2.51%. The business had revenue of $451.50 million during the quarter. Horace Mann Educators updated its FY 2019 guidance to $2.05-2.25 EPS and its FY 2020 guidance to $2.25-2.48 EPS.

HMN opened at $43.90 on Wednesday. The stock has a market cap of $1.76 billion, a PE ratio of 64.56 and a beta of 0.65. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.21. The company has a 50 day moving average price of $41.78. Horace Mann Educators has a 52 week low of $34.38 and a 52 week high of $47.00.

Several institutional investors and hedge funds have recently added to or reduced their stakes in HMN. Quadrant Capital Group LLC lifted its stake in shares of Horace Mann Educators by 495.9% in the 1st quarter. Quadrant Capital Group LLC now owns 1,609 shares of the insurance provider’s stock valued at $53,000 after purchasing an additional 1,339 shares during the period. Starr International Co. Inc. purchased a new position in shares of Horace Mann Educators in the 1st quarter valued at approximately $108,000. Connable Office Inc. purchased a new position in shares of Horace Mann Educators in the 2nd quarter valued at approximately $210,000. CIBC Asset Management Inc purchased a new position in shares of Horace Mann Educators in the 2nd quarter valued at approximately $214,000. Finally, Everence Capital Management Inc. purchased a new position in shares of Horace Mann Educators in the 2nd quarter valued at approximately $217,000.

Several research firms have weighed in on HMN. TheStreet upgraded Horace Mann Educators from a “c+” rating to a “b” rating in a report on Friday, May 17th. Sandler O’Neill began coverage on Horace Mann Educators in a report on Wednesday, May 22nd. They issued a “buy” rating and a $46.00 price objective for the company.

About Horace Mann Educators

Horace Mann Educators Corporation, through its subsidiaries, operates as a multiline insurance company in the United States. The Company operates through four segments: Property and Casualty, Retirement, Life, and Corporate and Other. 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 fixed and variable annuities; and life insurance products.

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Earnings History for Horace Mann Educators (NYSE:HMN)

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