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 $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.04, Briefing.com reports. Horace Mann Educators had a return on equity of 8.29% and a net margin of 6.55%. The business had revenue of $412.10 million during the quarter, compared to analyst estimates of $293.87 million. During the same quarter last year, the business posted $0.44 EPS. The company’s revenue was up 8.8% on a year-over-year basis. Horace Mann Educators updated its FY24 guidance to $2.40-2.70 EPS and its FY 2024 guidance to 2.400-2.700 EPS.

Horace Mann Educators Stock Up 0.2 %

Shares of Horace Mann Educators stock traded up $0.07 during trading hours on Thursday, reaching $42.71. 37,709 shares of the company were exchanged, compared to its average volume of 239,346. Horace Mann Educators has a 1 year low of $31.53 and a 1 year high of $43.26. The firm has a market cap of $1.74 billion, a PE ratio of 16.98 and a beta of 0.27. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.08 and a current ratio of 0.08. The stock’s fifty day moving average is $35.81 and its 200 day moving average is $34.84.

Horace Mann Educators Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a $0.34 dividend. The ex-dividend date was Monday, September 16th. This represents a $1.36 annualized dividend and a yield of 3.18%. Horace Mann Educators’s dividend payout ratio is presently 54.18%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on HMN shares. Piper Sandler increased their price target on Horace Mann Educators from $36.00 to $42.00 and gave the stock a “neutral” rating in a research report on Wednesday. Keefe, Bruyette & Woods cut their price target on shares of Horace Mann Educators from $40.00 to $39.00 and set an “outperform” rating for the company in a report on Tuesday, August 13th. Finally, Raymond James assumed coverage on Horace Mann Educators in a report on Tuesday, August 6th. They issued a “strong-buy” rating and a $42.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.00.

Insider Activity at Horace Mann Educators

In other news, CEO Marita Zuraitis sold 42,117 shares of the stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $37.06, for a total value of $1,560,856.02. Following the transaction, the chief executive officer now owns 294,402 shares in the company, valued at approximately $10,910,538.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.80% of the stock is owned by corporate insiders.

About Horace Mann Educators

Horace Mann Educators Corporation, together with its subsidiaries, operates as an insurance holding company in the United States. The company operates through Property & Casualty, Life & Retirement, and Supplemental & Group Benefits segments. Its Property & Casualty segment offers insurance products, including private passenger auto insurance, residential home insurance, and personal umbrella insurance; and provides auto coverages including liability and collision, and property coverage for homeowners and renters.