Horace Mann Educators (HMN) Set to Announce Quarterly Earnings on Wednesday

Horace Mann Educators (NYSE:HMN) will issue its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce 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 announced its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $0.84 earnings per share (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 firm had revenue of $402.90 million during the quarter, compared to analysts’ expectations 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 Up 2.2 %

Shares of NYSE HMN opened at $38.33 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.09 and a current ratio of 0.09. Horace Mann Educators has a 52-week low of $27.81 and a 52-week high of $38.40. The firm has a 50 day moving average price of $35.94 and a two-hundred day moving average price of $34.55. The stock has a market cap of $1.57 billion, a P/E ratio of 35.49 and a beta of 0.26.

Horace Mann Educators Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.34 dividend. This is a positive change from Horace Mann Educators’s previous quarterly dividend of $0.33. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date was Thursday, March 14th. Horace Mann Educators’s dividend payout ratio is currently 125.93%.

Analysts Set New Price Targets

HMN has been the topic of a number of analyst reports. TheStreet raised shares of Horace Mann Educators from a “c” rating to a “b” rating in a research note on Wednesday, February 7th. Piper Sandler reduced their price objective on shares of Horace Mann Educators from $40.00 to $39.00 and set a “neutral” rating on the stock in a research note on Friday, April 5th. Keefe, Bruyette & Woods raised shares of Horace Mann Educators from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $33.00 to $40.00 in a research note on Monday, January 29th. Finally, StockNews.com lowered shares of Horace Mann Educators from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th.

Insider Buying and Selling

In related news, General Counsel Donald M. Carley sold 5,000 shares of the stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $35.11, for a total transaction of $175,550.00. Following the transaction, the general counsel now directly owns 29,627 shares of the company’s stock, valued at $1,040,203.97. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Horace Mann Educators news, General Counsel Donald M. Carley sold 5,000 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $35.11, for a total transaction of $175,550.00. Following the transaction, the general counsel now owns 29,627 shares in the company, valued at $1,040,203.97. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Marita Zuraitis sold 2,700 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $37.00, for a total transaction of $99,900.00. Following the transaction, the chief executive officer now owns 280,832 shares in the company, valued at approximately $10,390,784. The disclosure for this sale can be found here. Insiders have sold a total of 24,229 shares of company stock valued at $870,137 over the last ninety days. 3.80% of the stock is 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.