Horace Mann Educators Corporation (NYSE:HMN) Updates FY17 Earnings Guidance

Horace Mann Educators Corporation (NYSE:HMN) updated its FY17 earnings guidance on Monday. The company provided earnings per share guidance of $1.45-1.65 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.55.

A number of research firms recently weighed in on HMN. Keefe, Bruyette & Woods restated a sell rating and issued a $35.00 price target on shares of Horace Mann Educators Corporation in a research note on Friday. BidaskClub raised Horace Mann Educators Corporation from a sell rating to a hold rating in a report on Friday. Finally, Zacks Investment Research cut Horace Mann Educators Corporation from a hold rating to a sell rating in a report on Friday, July 14th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The company presently has an average rating of Hold and a consensus target price of $37.50.

Horace Mann Educators Corporation (NYSE:HMN) opened at 37.10 on Friday. Horace Mann Educators Corporation has a one year low of $33.30 and a one year high of $44.15. The firm has a market capitalization of $1.51 billion, a PE ratio of 23.92 and a beta of 1.05. The company’s 50-day moving average price is $36.87 and its 200 day moving average price is $39.06.

Horace Mann Educators Corporation (NYSE:HMN) last issued its quarterly earnings results 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. The firm had revenue of $291.40 million for the quarter, compared to the consensus estimate of $290.40 million. Horace Mann Educators Corporation had a net margin of 5.59% and a return on equity of 4.56%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.25 earnings per share. On average, analysts forecast that Horace Mann Educators Corporation will post $1.48 earnings per share for the current year.

In other news, insider Matthew P. Sharpe sold 2,355 shares of the stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $38.50, for a total transaction of $90,667.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Bret A. Conklin sold 4,085 shares of the stock in a transaction on Friday, June 16th. The shares were sold at an average price of $37.95, for a total value of $155,025.75. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by corporate insiders.

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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.

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

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