Horace Mann Educators (NYSE:HMN) Announces Quarterly Earnings Results

Horace Mann Educators (NYSE:HMN) released its quarterly earnings results 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. The business had revenue of $412.10 million during the quarter, compared to analysts’ expectations of $293.87 million. Horace Mann Educators had a net margin of 6.55% and a return on equity of 8.29%. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.44 EPS. 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

Horace Mann Educators stock traded up $0.07 during midday trading on Thursday, reaching $42.71. 37,709 shares of the stock traded hands, compared to its average volume of 239,346. Horace Mann Educators has a 12 month low of $31.53 and a 12 month high of $43.26. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.45. The stock’s fifty day moving average is $35.81 and its 200-day moving average is $34.84. The stock has a market cap of $1.74 billion, a P/E ratio of 16.98 and a beta of 0.27.

Horace Mann Educators Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a $0.34 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.36 annualized dividend and a dividend yield of 3.18%. Horace Mann Educators’s dividend payout ratio (DPR) is 54.18%.

Wall Street Analyst Weigh In

A number of research analysts have commented on HMN shares. Keefe, Bruyette & Woods lowered their price target on Horace Mann Educators from $40.00 to $39.00 and set an “outperform” rating for the company in a research report on Tuesday, August 13th. Raymond James assumed coverage on shares of Horace Mann Educators in a research note on Tuesday, August 6th. They issued a “strong-buy” rating and a $42.00 price target for the company. Finally, Piper Sandler increased their price objective on Horace Mann Educators from $36.00 to $42.00 and gave the stock a “neutral” rating in a report on Wednesday. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $41.00.

Insider Transactions at Horace Mann Educators

In other Horace Mann Educators news, CEO Marita Zuraitis sold 4,000 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $37.24, for a total value of $148,960.00. Following the completion of the sale, the chief executive officer now directly owns 292,336 shares in the company, valued at approximately $10,886,592.64. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.80% of the company’s stock.

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.