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 Thursday morning. The company provided earnings per share guidance of 2.400-2.700 for the period, compared to the consensus earnings per share estimate of 3.050. The company issued revenue guidance of -. Horace Mann Educators also updated its FY24 guidance to $2.40-2.70 EPS.

Analysts Set New Price Targets

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

Horace Mann Educators Price Performance

NYSE HMN traded down $0.49 during trading on Friday, hitting $34.08. 545,925 shares of the stock traded hands, compared to its average volume of 211,648. The company has a market capitalization of $1.40 billion, a P/E ratio of 21.87 and a beta of 0.28. The firm has a 50-day simple moving average of $33.58 and a 200-day simple moving average of $35.04. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.45. Horace Mann Educators has a 12-month low of $27.81 and a 12-month high of $39.25.

Horace Mann Educators (NYSE:HMN) last posted its quarterly earnings data on Wednesday, May 8th. The insurance provider reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $398.35 million. As a group, analysts predict that Horace Mann Educators will post 2.95 EPS for the current year.

Horace Mann Educators Announces Dividend

The company 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. This represents a $1.36 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date of this dividend was Thursday, June 13th. 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.