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

Horace Mann Educators (NYSE:HMN) updated its FY 2024 earnings guidance on Thursday. 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.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Piper Sandler cut their price objective 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. JMP Securities reaffirmed a market perform rating on shares of Horace Mann Educators in a research note on Tuesday, June 18th. 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. Finally, StockNews.com downgraded Horace Mann Educators from a buy rating to a hold rating in a research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $37.50.

Horace Mann Educators Stock Performance

Shares of Horace Mann Educators stock traded down $0.46 during trading on Friday, reaching $34.11. The company’s stock had a trading volume of 545,925 shares, compared to its average volume of 230,054. Horace Mann Educators has a one year low of $27.81 and a one year high of $39.25. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.08 and a current ratio of 0.08. 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 fifty day moving average price is $33.58 and its 200-day moving average price is $35.04.

Horace Mann Educators (NYSE:HMN) last released its quarterly earnings data on Wednesday, May 8th. The insurance provider reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.17). The company had revenue of $386.00 million for the quarter, compared to analyst estimates 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, equities research analysts predict that Horace Mann Educators will post 2.95 earnings per share for the current year.

Horace Mann Educators Dividend Announcement

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

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.