Horace Mann Educators (HMN) to Release Earnings on Wednesday

Horace Mann Educators (NYSE:HMN) will be releasing its earnings data after the market closes on Wednesday, May 8th. Analysts expect Horace Mann Educators to post earnings of $0.76 per share for the quarter. Horace Mann Educators has set its FY24 guidance at $3.00-3.30 EPS and its FY 2024 guidance at 3.000-3.300 EPS.Parties interested in listening to the company’s conference call can do so using this link.

Horace Mann Educators (NYSE:HMN) last released its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $0.84 EPS for the quarter, beating the consensus estimate of $0.65 by $0.19. Horace Mann Educators had a net margin of 3.02% and a return on equity of 5.71%. The business had revenue of $402.90 million for the quarter, compared to the consensus estimate of $394.40 million. On average, analysts expect Horace Mann Educators to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Horace Mann Educators Trading Down 0.9 %

Shares of NYSE:HMN opened at $37.52 on Monday. The company has a market capitalization of $1.54 billion, a PE ratio of 34.74 and a beta of 0.26. Horace Mann Educators has a 12-month low of $27.81 and a 12-month high of $38.29. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.46. The business has a 50 day moving average of $35.90 and a two-hundred day moving average of $34.51.

Horace Mann Educators Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a dividend of $0.34 per share. This is a positive change from Horace Mann Educators’s previous quarterly dividend of $0.33. This represents a $1.36 annualized dividend and a yield of 3.62%. The ex-dividend date was Thursday, March 14th. Horace Mann Educators’s payout ratio is 125.93%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on HMN. StockNews.com lowered Horace Mann Educators from a “buy” rating to a “hold” rating in a research report on Tuesday, April 16th. Keefe, Bruyette & Woods upgraded shares of Horace Mann Educators from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $33.00 to $40.00 in a report on Monday, January 29th. Piper Sandler decreased their target price on shares of Horace Mann Educators from $40.00 to $39.00 and set a “neutral” rating on the stock in a research report on Friday, April 5th. Finally, TheStreet upgraded shares of Horace Mann Educators from a “c” rating to a “b” rating in a report on Wednesday, February 7th.

Insider Activity at Horace Mann Educators

In related news, CEO Marita Zuraitis sold 2,700 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $37.00, for a total value of $99,900.00. Following the completion of the sale, the chief executive officer now owns 280,832 shares in the company, valued at approximately $10,390,784. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, SVP Kimberly A. Johnson sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $36.00, for a total value of $180,000.00. Following the completion of the transaction, the senior vice president now directly owns 21,674 shares of the company’s stock, valued at approximately $780,264. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Marita Zuraitis sold 2,700 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $37.00, for a total value of $99,900.00. Following the sale, the chief executive officer now owns 280,832 shares in the company, valued at $10,390,784. The disclosure for this sale can be found here. Insiders sold a total of 24,229 shares of company stock valued at $870,137 in the last three months. 3.80% of the stock is currently owned by company 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.