Horace Mann Educators (NYSE:HMN) Releases FY24 Earnings Guidance

Horace Mann Educators (NYSE:HMN) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $3.00-$3.30 for the period, compared to the consensus estimate of $3.20.

Horace Mann Educators Price Performance

Shares of NYSE HMN traded up $0.37 during midday trading on Wednesday, hitting $39.17. 225,474 shares of the company’s stock were exchanged, compared to its average volume of 209,246. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.46. The business’s fifty day moving average price is $35.99 and its two-hundred day moving average price is $34.61. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 35.93 and a beta of 0.26. Horace Mann Educators has a 12-month low of $27.81 and a 12-month high of $39.25.

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

Horace Mann Educators Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.34 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.36 annualized dividend and a yield of 3.47%. This is a boost from Horace Mann Educators’s previous quarterly dividend of $0.33. Horace Mann Educators’s dividend payout ratio (DPR) is 125.93%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other news, CEO Marita Zuraitis sold 2,700 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $37.00, for a total value of $99,900.00. Following the sale, the chief executive officer now directly owns 280,832 shares of the company’s stock, valued at approximately $10,390,784. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CFO Bret A. Conklin sold 9,689 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $35.80, for a total transaction of $346,866.20. Following the sale, the chief financial officer now owns 63,922 shares in the company, valued at $2,288,407.60. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Marita Zuraitis sold 2,700 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $37.00, for a total transaction of $99,900.00. Following the completion of the transaction, the chief executive officer now owns 280,832 shares of the company’s stock, valued at $10,390,784. The disclosure for this sale can be found here. Insiders sold a total of 24,229 shares of company stock worth $870,137 in the last three months. 3.80% of the stock is owned by corporate insiders.

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.