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

Horace Mann Educators (NYSE:HMN) updated its FY24 earnings guidance on Monday. The company provided EPS guidance of $2.40-2.70 for the period, compared to the consensus EPS estimate of $2.56.

Analyst Upgrades and Downgrades

A number of research firms have commented on HMN. Raymond James began coverage on shares of Horace Mann Educators in a research report on Tuesday, August 6th. They issued a “strong-buy” rating and a $42.00 target price for the company. Keefe, Bruyette & Woods reduced their price objective on Horace Mann Educators from $40.00 to $39.00 and set an “outperform” rating for the company in a research report on Tuesday, August 13th. Finally, Piper Sandler increased their target price on Horace Mann Educators from $34.00 to $36.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Horace Mann Educators presently has a consensus rating of “Moderate Buy” and an average target price of $39.00.

Horace Mann Educators Stock Performance

Shares of NYSE:HMN traded up $0.03 during midday trading on Monday, hitting $37.38. The company had a trading volume of 175,522 shares, compared to its average volume of 237,940. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 19.10 and a beta of 0.27. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.08 and a quick ratio of 0.08. The company has a fifty day moving average of $35.50 and a two-hundred day moving average of $34.75. Horace Mann Educators has a 12-month low of $31.53 and a 12-month high of $39.25.

Horace Mann Educators (NYSE:HMN) last announced its quarterly earnings data on Wednesday, August 7th. The insurance provider reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The company had revenue of $388.10 million during the quarter, compared to the consensus estimate of $288.67 million. Horace Mann Educators had a return on equity of 7.44% and a net margin of 5.24%. The firm’s revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.03 EPS. On average, equities research analysts expect that Horace Mann Educators will post 2.63 EPS for the current fiscal year.

Horace Mann Educators Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a $0.34 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.36 annualized dividend and a dividend yield of 3.64%. Horace Mann Educators’s payout ratio is 69.39%.

Insider Activity at Horace Mann Educators

In other news, CEO Marita Zuraitis sold 42,117 shares of Horace Mann Educators stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $37.06, for a total transaction of $1,560,856.02. Following the sale, the chief executive officer now owns 294,402 shares in the company, valued at $10,910,538.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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.