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

Horace Mann Educators (NYSE:HMN) updated its second quarter earnings guidance on Thursday. The company provided EPS guidance of $0.18-0.20 for the period, compared to the consensus EPS estimate of $0.39. Horace Mann Educators also updated its FY 2024 guidance to 2.400-2.700 EPS.

Horace Mann Educators Stock Down 1.3 %

NYSE:HMN traded down $0.46 during trading hours on Friday, reaching $34.11. The company had a trading volume of 545,925 shares, compared to its average volume of 230,054. Horace Mann Educators has a twelve month low of $27.81 and a twelve month 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 cap of $1.40 billion, a price-to-earnings ratio of 21.87 and a beta of 0.28. The business’s 50-day simple moving average is $33.58 and its two-hundred day simple moving average is $35.04.

Horace Mann Educators (NYSE:HMN) last released its quarterly earnings data on Wednesday, May 8th. The insurance provider reported $0.60 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.17). The business had revenue of $386.00 million for the quarter, compared to analysts’ expectations of $398.35 million. Horace Mann Educators had a net margin of 4.26% and a return on equity of 6.95%. On average, equities analysts expect that Horace Mann Educators will post 2.95 earnings per share for the current year.

Horace Mann Educators Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 13th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $1.36 annualized dividend and a dividend yield of 3.99%. Horace Mann Educators’s dividend payout ratio is currently 87.18%.

Analyst Upgrades and Downgrades

HMN has been the topic of a number of analyst reports. JMP Securities reiterated a market perform rating on shares of Horace Mann Educators in a research note on Tuesday, June 18th. StockNews.com downgraded shares of Horace Mann Educators from a buy rating to a hold rating in a report on Tuesday, April 16th. Piper Sandler cut their price objective on shares of Horace Mann Educators from $37.00 to $35.00 and set a neutral rating for the company in a research report on Friday, June 28th. Finally, Keefe, Bruyette & Woods decreased 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. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Horace Mann Educators currently has a consensus rating of Hold and an average price target of $37.50.

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.