Horace Mann Educators (NYSE:HMN) Issues Earnings Results

Horace Mann Educators (NYSE:HMN) issued its quarterly earnings data on Monday. The insurance provider reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.04, Briefing.com reports. Horace Mann Educators had a return on equity of 7.44% and a net margin of 5.24%. The firm had revenue of $412.10 million during the quarter, compared to analyst estimates of $293.87 million. During the same period in the previous year, the company posted $0.44 EPS. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. Horace Mann Educators updated its FY24 guidance to $2.40-2.70 EPS and its FY 2024 guidance to 2.400-2.700 EPS.

Horace Mann Educators Price Performance

Shares of NYSE:HMN opened at $39.28 on Wednesday. The company has a market capitalization of $1.60 billion, a P/E ratio of 20.04 and a beta of 0.27. The company’s 50-day moving average is $35.66 and its 200 day moving average is $34.78. 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 fifty-two week low of $31.53 and a fifty-two week high of $39.48.

Horace Mann Educators Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 3.46%. The ex-dividend date of this dividend was Monday, September 16th. Horace Mann Educators’s dividend payout ratio is presently 69.39%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HMN. Keefe, Bruyette & Woods decreased their price target on Horace Mann Educators from $40.00 to $39.00 and set an “outperform” rating for the company in a report on Tuesday, August 13th. Raymond James initiated coverage on shares of Horace Mann Educators in a report on Tuesday, August 6th. They issued a “strong-buy” rating and a $42.00 target price for the company. Finally, Piper Sandler boosted their price target on shares of Horace Mann Educators from $36.00 to $42.00 and gave the stock a “neutral” rating in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $41.00.

Insider Buying and Selling

In other Horace Mann Educators news, CEO Marita Zuraitis sold 42,117 shares of the business’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $37.06, for a total value of $1,560,856.02. Following the transaction, the chief executive officer now directly owns 294,402 shares in the company, valued at $10,910,538.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.80% of the stock is currently owned by corporate insiders.

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.