Horace Mann Educators (NYSE:HMN) Announces Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Horace Mann Educators (NYSE:HMN) released its quarterly earnings results on Monday. The insurance provider reported $0.76 EPS for the quarter, beating the consensus estimate of $0.72 by $0.04, Briefing.com reports. Horace Mann Educators had a net margin of 6.55% and a return on equity of 8.29%. The firm had revenue of $412.10 million during the quarter, compared to the consensus estimate of $293.87 million. During the same quarter in the prior year, the firm earned $0.44 EPS. Horace Mann Educators’s revenue for the quarter was up 8.8% on a year-over-year basis. Horace Mann Educators updated its FY24 guidance to $2.40-2.70 EPS and its FY 2024 guidance to 2.400-2.700 EPS.

Horace Mann Educators Price Performance

NYSE HMN traded up $0.22 during trading hours on Thursday, reaching $42.86. The company’s stock had a trading volume of 33,624 shares, compared to its average volume of 239,327. The stock has a market cap of $1.75 billion, a PE ratio of 16.98 and a beta of 0.27. Horace Mann Educators has a fifty-two week low of $31.53 and a fifty-two week high of $43.26. The company’s 50-day moving average is $35.81 and its two-hundred day moving average is $34.84. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a $0.34 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.36 dividend on an annualized basis and a yield of 3.17%. Horace Mann Educators’s payout ratio is 54.18%.

Insider Activity at Horace Mann Educators

In related news, CEO Marita Zuraitis sold 4,000 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $37.24, for a total value of $148,960.00. Following the sale, the chief executive officer now directly owns 292,336 shares of the company’s stock, valued at approximately $10,886,592.64. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on HMN shares. Raymond James started coverage on shares of Horace Mann Educators in a research note on Tuesday, August 6th. They set a “strong-buy” rating and a $42.00 price target on the stock. Piper Sandler upped their price target on shares of 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 lowered their price target on shares of Horace Mann Educators from $40.00 to $39.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 13th. Three research 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 company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.

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.