Horace Mann Educators (HMN) Announces Earnings Results
October 29, 2015 by Samantha Reynolds
Horace Mann Educators (NYSE:HMN) released its earnings results on Wednesday. The company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by $0.06, ARN reports. The business had revenue of $265.70 million for the quarter, compared to analysts’ expectations of $267.56 million. The business’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the company earned $0.60 earnings per share. Horace Mann Educators updated its FY15 guidance to $2.10-$2.20 EPS.
Shares of Horace Mann Educators (NYSE:HMN) traded up 3.79% during trading on Wednesday, reaching $36.42. 195,907 shares of the company were exchanged. The stock’s 50-day moving average is $34.15 and its 200-day moving average is $34.86. The firm has a market cap of $1.50 billion and a price-to-earnings ratio of 14.57. Horace Mann Educators has a 52-week low of $28.50 and a 52-week high of $38.01.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date was Monday, September 14th.
A number of research firms have commented on HMN. Zacks lowered shares of Horace Mann Educators from a “buy” rating to a “hold” rating in a report on Wednesday. Keefe, Bruyette & Woods reduced their target price on shares of Horace Mann Educators from $37.00 to $35.00 and set a “market perform” rating for the company in a research note on Thursday, July 30th.
Horace Mann Educators Corporation (NYSE:HMN) is an insurance holding company. Through the insurance holding company subsidiary companies, HMEC underwrites personal lines of property and casualty and markets (mainly personal lines automobile and homeowners) insurance, retirement annuities (chiefly tax-qualified products) and life insurance in the USA. The Company operates through three business segments: Life and Casualty, Annuity and Property. The Property and Casualty Section of the Company’s offers private passenger automobile insurance. HMEC’s Annuity Section markets both fixed and variable annuity contracts, mainly on a tax-qualified basis. The Company’s Life Segment offers traditional term and whole life insurance products.