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

Horace Mann Educators (NYSE:HMN) updated its FY24 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $2.40-2.70 for the period, compared to the consensus estimate of $3.04. Horace Mann Educators also updated its Q2 guidance to $0.18-0.20 EPS.

Horace Mann Educators Trading Up 0.7 %

Shares of NYSE HMN traded up $0.25 during midday trading on Thursday, hitting $34.57. The stock had a trading volume of 188,646 shares, compared to its average volume of 227,793. The firm has a market cap of $1.42 billion, a P/E ratio of 22.16 and a beta of 0.28. Horace Mann Educators has a fifty-two week low of $27.81 and a fifty-two week high of $39.25. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.08 and a quick ratio of 0.08. The company’s 50-day simple moving average is $33.60 and its 200 day simple moving average is $35.04.

Horace Mann Educators (NYSE:HMN) last posted its quarterly earnings results 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). The firm had revenue of $386.00 million during the quarter, compared to the consensus estimate of $398.35 million. Horace Mann Educators had a net margin of 4.26% and a return on equity of 6.95%. Research analysts anticipate that Horace Mann Educators will post 2.95 EPS for the current year.

Horace Mann Educators Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 13th were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date was Thursday, June 13th. Horace Mann Educators’s dividend payout ratio (DPR) is 87.18%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HMN. JMP Securities reaffirmed a market perform rating on shares of Horace Mann Educators in a research note on Tuesday, June 18th. 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 report on Friday, June 28th. Finally, StockNews.com downgraded Horace Mann Educators from a buy rating to a hold rating in a report on Tuesday, April 16th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of Hold and a consensus 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.