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

Horace Mann Educators (NYSE:HMN) issued an update on its FY24 earnings guidance on Monday morning. The company provided earnings per share guidance of $2.40-2.70 for the period, compared to the consensus earnings per share estimate of $2.56. Horace Mann Educators also updated its FY 2024 guidance to 2.400-2.700 EPS.

Horace Mann Educators Trading Down 0.3 %

Shares of HMN stock traded down $0.11 during trading hours on Thursday, hitting $42.53. 49,171 shares of the company were exchanged, compared to its average volume of 239,399. The firm has a market cap of $1.73 billion, a P/E 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 has a debt-to-equity ratio of 0.45, a quick ratio of 0.08 and a current ratio of 0.08. The company has a 50 day simple moving average of $35.81 and a two-hundred day simple moving average of $34.84.

Horace Mann Educators (NYSE:HMN) last announced its quarterly earnings data on Monday, November 4th. The insurance provider reported $0.76 EPS for the quarter, topping the consensus estimate of $0.72 by $0.04. The company had revenue of $412.10 million during the quarter, compared to the consensus estimate of $293.87 million. Horace Mann Educators had a net margin of 6.55% and a return on equity of 8.29%. The company’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.44 EPS. Equities analysts anticipate that Horace Mann Educators will post 2.63 EPS for the current year.

Horace Mann Educators Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend was Monday, September 16th. Horace Mann Educators’s payout ratio is currently 54.18%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on HMN shares. Keefe, Bruyette & Woods lowered their target price on 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. Piper Sandler lifted their target price on Horace Mann Educators from $36.00 to $42.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Raymond James initiated coverage on Horace Mann Educators in a research note on Tuesday, August 6th. They set a “strong-buy” rating and a $42.00 target price on the stock. Three 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $41.00.

Insider Buying and Selling at Horace Mann Educators

In other news, CEO Marita Zuraitis sold 4,000 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $37.24, for a total transaction of $148,960.00. Following the completion of 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.