Horace Mann Educators (NYSE:HMN) Issues FY 2024 Earnings Guidance

Horace Mann Educators (NYSE:HMNGet Free Report) issued an update on its FY 2024 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 2.400-2.700 for the period, compared to the consensus estimate of 2.550. The company issued revenue guidance of -. Horace Mann Educators also updated its FY24 guidance to $2.40-2.70 EPS.

Horace Mann Educators Trading Up 0.1 %

Horace Mann Educators stock traded up $0.03 during mid-day trading on Monday, hitting $37.38. The company’s stock had a trading volume of 194,812 shares, compared to its average volume of 238,030. Horace Mann Educators has a one year low of $31.53 and a one year high of $39.25. The stock has a market cap of $1.52 billion, a PE ratio of 19.10 and a beta of 0.27. The company has a 50 day moving average of $35.50 and a 200-day moving average of $34.75. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.08 and a current ratio of 0.08.

Horace Mann Educators (NYSE:HMNGet Free Report) last issued its earnings results on Wednesday, August 7th. The insurance provider reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. The business had revenue of $388.10 million for the quarter, compared to the consensus estimate of $288.67 million. Horace Mann Educators had a net margin of 5.24% and a return on equity of 7.44%. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.03 EPS. On average, research analysts anticipate that Horace Mann Educators will post 2.63 EPS for the current year.

Horace Mann Educators Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a $0.34 dividend. The ex-dividend date was Monday, September 16th. This represents a $1.36 annualized dividend and a dividend yield of 3.64%. Horace Mann Educators’s dividend payout ratio is currently 69.39%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HMN. Raymond James started coverage on Horace Mann Educators in a research report on Tuesday, August 6th. They set a “strong-buy” rating and a $42.00 price objective on the stock. Keefe, Bruyette & Woods cut their price objective on shares of Horace Mann Educators from $40.00 to $39.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 13th. Finally, Piper Sandler increased their target price on shares of Horace Mann Educators from $34.00 to $36.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Horace Mann Educators presently has an average rating of “Moderate Buy” and a consensus price target of $39.00.

Get Our Latest Analysis on HMN

Insiders Place Their Bets

In other Horace Mann Educators news, CEO Marita Zuraitis sold 42,117 shares of the stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $37.06, for a total transaction of $1,560,856.02. Following the transaction, the chief executive officer now owns 294,402 shares in the company, valued at approximately $10,910,538.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 3.80% of the company’s stock.

About Horace Mann Educators

(Get Free Report)

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.

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