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

Horace Mann Educators (NYSE:HMN) updated its FY24 earnings guidance on Thursday. The company provided earnings per share guidance of $2.40-2.70 for the period, compared to the consensus earnings per share estimate of $3.04. Horace Mann Educators also updated its Q2 guidance to $0.18-0.20 EPS.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on HMN shares. StockNews.com downgraded Horace Mann Educators from a buy rating to a hold rating in a research note on Tuesday, April 16th. Piper Sandler lowered their price objective on Horace Mann Educators from $37.00 to $35.00 and set a neutral rating for the company in a research note on Friday, June 28th. Finally, JMP Securities reaffirmed a market perform rating on shares of Horace Mann Educators in a research report on Tuesday, June 18th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $37.50.

Horace Mann Educators Stock Up 0.7 %

Shares of Horace Mann Educators stock traded up $0.25 during trading on Thursday, reaching $34.57. The company had a trading volume of 188,646 shares, compared to its average volume of 227,793. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 22.16 and a beta of 0.28. Horace Mann Educators has a fifty-two week low of $27.81 and a fifty-two week high of $39.25. The firm’s fifty day moving average is $33.60 and its 200-day moving average is $35.04. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.08 and a current ratio of 0.08.

Horace Mann Educators (NYSE:HMN) last announced its quarterly earnings data on Wednesday, May 8th. The insurance provider reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.17). The firm had revenue of $386.00 million for the quarter, compared to analyst estimates of $398.35 million. Horace Mann Educators had a net margin of 4.26% and a return on equity of 6.95%. On average, analysts anticipate that Horace Mann Educators will post 2.95 EPS for the current year.

Horace Mann Educators Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 13th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date of this dividend was Thursday, June 13th. Horace Mann Educators’s dividend payout ratio is presently 87.18%.

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.