Horace Mann Educators (NYSE:HMN) Issues FY 2024 Earnings Guidance

Horace Mann Educators (NYSE:HMN) updated its FY 2024 earnings guidance on Monday. The company provided EPS guidance of 2.400-2.700 for the period, compared to the consensus EPS estimate of 2.550. The company issued revenue guidance of -. Horace Mann Educators also updated its FY24 guidance to $2.40-2.70 EPS.

Analyst Ratings Changes

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

Horace Mann Educators Trading Down 2.3 %

NYSE:HMN traded down $0.98 on Thursday, reaching $41.66. 127,573 shares of the company’s stock were exchanged, compared to its average volume of 239,762. Horace Mann Educators has a 52-week low of $31.53 and a 52-week high of $43.26. The business has a fifty day moving average of $35.81 and a 200-day moving average of $34.84. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 16.98 and a beta of 0.27. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.45.

Horace Mann Educators (NYSE:HMN) last issued its quarterly earnings data on Monday, November 4th. The insurance provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.04. Horace Mann Educators had a return on equity of 8.29% and a net margin of 6.55%. The company had revenue of $412.10 million during the quarter, compared to analysts’ expectations of $293.87 million. During the same quarter in the previous year, the business earned $0.44 earnings per share. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. As a group, analysts expect that Horace Mann Educators will post 2.63 earnings per share for the current year.

Horace Mann Educators Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 3.26%. The ex-dividend date of this dividend was Monday, September 16th. Horace Mann Educators’s dividend payout ratio (DPR) is presently 54.18%.

Insider Activity

In other news, CEO Marita Zuraitis sold 4,000 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $37.24, for a total transaction of $148,960.00. Following the completion of the transaction, the chief executive officer now owns 292,336 shares of the company’s stock, valued at $10,886,592.64. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 3.80% of the company’s stock.

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.