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

Horace Mann Educators (NYSE:HMN) updated its second quarter 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 0.180-0.200 for the period, compared to the consensus earnings per share 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.

Analysts Set New Price Targets

Several research firms recently commented on HMN. Keefe, Bruyette & Woods reduced 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 reaffirmed a market perform rating on shares of Horace Mann Educators in a report on Tuesday, June 18th. Piper Sandler cut 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 report on Friday, June 28th. Finally, StockNews.com lowered shares of Horace Mann Educators from a buy rating to a hold rating in a report on Tuesday, April 16th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Hold and an average target price of $37.50.

Horace Mann Educators Trading Down 1.3 %

Shares of NYSE:HMN traded down $0.46 on Friday, hitting $34.11. The company had a trading volume of 545,925 shares, compared to its average volume of 230,054. The firm’s 50-day simple moving average is $33.58 and its two-hundred day simple moving average is $35.04. Horace Mann Educators has a 1 year low of $27.81 and a 1 year high of $39.25. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 21.87 and a beta of 0.28.

Horace Mann Educators (NYSE:HMN) last issued its quarterly earnings results on Wednesday, May 8th. The insurance provider reported $0.60 earnings per share (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 business had revenue of $386.00 million for the quarter, compared to analysts’ expectations of $398.35 million. Equities analysts anticipate that Horace Mann Educators will post 2.95 earnings per share for the current fiscal year.

Horace Mann Educators Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 13th were issued a $0.34 dividend. The ex-dividend date was Thursday, June 13th. This represents a $1.36 annualized dividend and a yield of 3.99%. Horace Mann Educators’s dividend payout ratio (DPR) 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.