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

Horace Mann Educators (NYSE:HMN) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 3.000-3.300 for the period, compared to the consensus estimate of 3.200. The company issued revenue guidance of -. Horace Mann Educators also updated its FY24 guidance to $3.00-$3.30 EPS.

Horace Mann Educators Stock Up 1.0 %

Shares of NYSE:HMN traded up $0.40 during midday trading on Wednesday, reaching $39.20. The company had a trading volume of 225,473 shares, compared to its average volume of 209,246. The business’s 50 day moving average price is $35.99 and its 200 day moving average price is $34.61. Horace Mann Educators has a 1-year low of $27.81 and a 1-year high of $39.25. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.46. The stock has a market cap of $1.60 billion, a PE ratio of 35.93 and a beta of 0.26.

Horace Mann Educators (NYSE:HMN) last posted its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.19. The firm had revenue of $402.90 million for the quarter, compared to analyst estimates of $394.40 million. Horace Mann Educators had a return on equity of 5.71% and a net margin of 3.02%. Research analysts forecast that Horace Mann Educators will post 3.15 EPS for the current fiscal year.

Horace Mann Educators Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a dividend of $0.34 per share. This is a positive change from Horace Mann Educators’s previous quarterly dividend of $0.33. This represents a $1.36 annualized dividend and a yield of 3.47%. The ex-dividend date of this dividend was Thursday, March 14th. Horace Mann Educators’s dividend payout ratio is 125.93%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods raised shares of Horace Mann Educators from a market perform rating to an outperform rating and upped their target price for the company from $33.00 to $40.00 in a report on Monday, January 29th. StockNews.com lowered Horace Mann Educators from a buy rating to a hold rating in a report on Tuesday, April 16th. Piper Sandler cut their price target on Horace Mann Educators from $40.00 to $39.00 and set a neutral rating for the company in a report on Friday, April 5th. Finally, TheStreet upgraded shares of Horace Mann Educators from a c rating to a b rating in a report on Wednesday, February 7th.

Insider Transactions at Horace Mann Educators

In other news, General Counsel Donald M. Carley sold 5,000 shares of Horace Mann Educators stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $35.11, for a total transaction of $175,550.00. Following the completion of the sale, the general counsel now owns 29,627 shares of the company’s stock, valued at $1,040,203.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Horace Mann Educators news, CFO Bret A. Conklin sold 9,689 shares of Horace Mann Educators stock in a transaction on Monday, March 4th. The stock was sold at an average price of $35.80, for a total value of $346,866.20. Following the completion of the transaction, the chief financial officer now directly owns 63,922 shares of the company’s stock, valued at approximately $2,288,407.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Donald M. Carley sold 5,000 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $35.11, for a total value of $175,550.00. Following the sale, the general counsel now directly owns 29,627 shares in the company, valued at $1,040,203.97. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,229 shares of company stock worth $870,137. Company insiders own 3.80% of the company’s stock.

Horace Mann Educators Company Profile

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.