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

Horace Mann Educators (NYSE:HMN) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share guidance of $2.40-2.70 for the period, compared to the consensus earnings per share estimate of $3.04. Horace Mann Educators also updated its FY 2024 guidance to 2.400-2.700 EPS.

Horace Mann Educators Trading Up 0.7 %

Shares of HMN traded up $0.24 during trading hours on Thursday, hitting $34.56. The stock had a trading volume of 191,875 shares, compared to its average volume of 227,830. 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 $1.42 billion, a P/E ratio of 22.15 and a beta of 0.28. The company’s fifty day simple moving average is $33.60 and its 200 day simple moving average is $35.04. Horace Mann Educators has a 12-month low of $27.81 and a 12-month high of $39.25.

Horace Mann Educators (NYSE:HMN) last released its quarterly earnings data on Wednesday, May 8th. The insurance provider reported $0.60 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.17). Horace Mann Educators had a net margin of 4.26% and a return on equity of 6.95%. The company had revenue of $386.00 million during the quarter, compared to analysts’ expectations of $398.35 million. Equities research analysts forecast that Horace Mann Educators will post 2.95 EPS for the current fiscal year.

Horace Mann Educators Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 13th were given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 3.94%. The ex-dividend date of this dividend was Thursday, June 13th. Horace Mann Educators’s dividend payout ratio (DPR) is presently 87.18%.

Analysts Set New Price Targets

Several research firms have commented on HMN. JMP Securities reissued a market perform rating on shares of Horace Mann Educators in a research report on Tuesday, June 18th. 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 report on Friday, June 28th. Finally, StockNews.com lowered Horace Mann Educators from a buy rating to a hold rating in a research report on Tuesday, April 16th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Horace Mann Educators presently has a consensus rating of Hold and a consensus price target of $37.50.

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.