: Horace Mann stock falls on reduced forecast

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Horace Mann Educators Corp. HMN shares dropped Wednesday after the insurer lowered its forecast because of catastrophe losses that were above its 10-year average. Horace Mann shares fell 6% after hours, following a 0.1% decline to close the regular session at $37.52. The company forecast earnings of $2.10 to $2.30 a share for the year, weighed down by a loss of 20 cents to 10 cents a share for the second quarter. Analysts surveyed by FactSet had forecast annual earnings of $3.33 a share, and second-quarter earnings of 70 cents a share. “We are supporting our policyholders in the Midwest and Plains states who were affected…

This article was originally published by Marketwatch.com. Read the original article here.

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