Horace Mann Educators (NYSE:HMN) Issues FY24 Earnings Guidance

Horace Mann Educators (NYSE:HMN) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share guidance of $2.40-2.70 for the period, compared to the consensus earnings per share estimate of $3.04. Horace Mann Educators also updated its FY 2024 guidance to 2.400-2.700 EPS.

Horace Mann Educators Trading Down 1.3 %

Shares of HMN stock traded down $0.46 on Friday, hitting $34.11. 545,925 shares of the stock traded hands, compared to its average volume of 230,054. 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 has a twelve month low of $27.81 and a twelve month high of $39.25. The firm’s 50-day moving average price is $33.58 and its two-hundred day moving average price is $35.04. The stock has a market capitalization of $1.40 billion, a PE ratio of 21.87 and a beta of 0.28.

Horace Mann Educators (NYSE:HMN) last posted its quarterly earnings results on Wednesday, May 8th. The insurance provider reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.17). The firm had revenue of $386.00 million during 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%. As a group, analysts anticipate that Horace Mann Educators will post 2.95 EPS for the current year.

Horace Mann Educators Announces Dividend

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

Analyst Ratings Changes

HMN has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods cut their price objective 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 downgraded shares of Horace Mann Educators from a buy rating to a hold rating in a research note on Tuesday, April 16th. Piper Sandler dropped their target price on shares of Horace Mann Educators from $37.00 to $35.00 and set a neutral rating for the company in a report on Friday, June 28th. Finally, JMP Securities restated a market perform rating on shares of Horace Mann Educators in a research report on Tuesday, June 18th. Three investment 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.com, the stock has an average 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.