Horace Mann Educators (NYSE:HMN) Releases Q2 2024 Earnings Guidance

Horace Mann Educators (NYSE:HMN) updated its second quarter 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.180-0.200 for the period, compared to the consensus estimate of 0.420. The company issued revenue guidance of -. Horace Mann Educators also updated its FY 2024 guidance to 2.400-2.700 EPS.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Piper Sandler dropped their price target on shares of Horace Mann Educators from $37.00 to $35.00 and set a neutral rating on the stock in a research report on Friday, June 28th. Keefe, Bruyette & Woods dropped their target price on shares of Horace Mann Educators from $42.00 to $40.00 and set an outperform rating on the stock in a report on Friday. JMP Securities reiterated a market perform rating on shares of Horace Mann Educators in a report on Tuesday, June 18th. Finally, StockNews.com downgraded shares of Horace Mann Educators from a buy rating to a hold rating in a report on Tuesday, April 16th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and an average target price of $37.50.

Horace Mann Educators Stock Down 1.3 %

HMN traded down $0.46 on Friday, reaching $34.11. 545,925 shares of the company traded hands, compared to its average volume of 230,054. The stock’s 50 day moving average price is $33.58 and its 200-day moving average price is $35.04. Horace Mann Educators has a 52-week low of $27.81 and a 52-week high of $39.25. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 21.87 and a beta of 0.28. 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 (NYSE:HMN) last announced its quarterly earnings data on Wednesday, May 8th. The insurance provider reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.17). Horace Mann Educators had a net margin of 4.26% and a return on equity of 6.95%. The company had revenue of $386.00 million for the quarter, compared to analysts’ expectations of $398.35 million. On average, sell-side analysts expect that Horace Mann Educators will post 2.95 EPS for the current fiscal year.

Horace Mann Educators Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 13th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date was Thursday, June 13th. Horace Mann Educators’s 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.