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

Horace Mann Educators (NYSE:HMN) issued an update on its FY 2024 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 2.400-2.700 for the period, compared to the consensus estimate of 2.550. The company issued revenue guidance of -. Horace Mann Educators also updated its FY24 guidance to $2.40-2.70 EPS.

Horace Mann Educators Price Performance

Shares of Horace Mann Educators stock traded down $0.98 on Thursday, hitting $41.66. The company had a trading volume of 127,573 shares, compared to its average volume of 239,762. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.08 and a quick ratio of 0.08. Horace Mann Educators has a 52 week low of $31.53 and a 52 week high of $43.26. The business has a 50-day simple moving average of $35.81 and a 200-day simple moving average of $34.84. The company has a market cap of $1.70 billion, a PE ratio of 16.98 and a beta of 0.27.

Horace Mann Educators (NYSE:HMN) last announced its earnings results on Monday, November 4th. The insurance provider reported $0.76 EPS for the quarter, topping the consensus estimate of $0.72 by $0.04. Horace Mann Educators had a net margin of 6.55% and a return on equity of 8.29%. The business had revenue of $412.10 million during the quarter, compared to the consensus estimate of $293.87 million. During the same quarter in the previous year, the firm posted $0.44 EPS. Horace Mann Educators’s revenue was up 8.8% compared to the same quarter last year. 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. Investors of record on Monday, September 16th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.36 annualized dividend and a dividend yield of 3.26%. Horace Mann Educators’s dividend payout ratio (DPR) is presently 54.18%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on HMN shares. Piper Sandler lifted their price objective on Horace Mann Educators from $36.00 to $42.00 and gave the company a “neutral” rating in a report on Wednesday. Keefe, Bruyette & Woods lowered their target price on shares of Horace Mann Educators from $40.00 to $39.00 and set an “outperform” rating for the company in a research note on Tuesday, August 13th. Finally, Raymond James started coverage on shares of Horace Mann Educators in a research report on Tuesday, August 6th. They set a “strong-buy” rating and a $42.00 price objective for the company. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $41.00.

Insider Buying and Selling

In other Horace Mann Educators news, CEO Marita Zuraitis sold 4,000 shares of Horace Mann Educators stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $37.24, for a total value of $148,960.00. Following the transaction, the chief executive officer now owns 292,336 shares of the company’s stock, valued at approximately $10,886,592.64. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 3.80% of the company’s stock.

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.