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

Horace Mann Educators (NYSE:HMN) will be issuing 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 that are interested in registering for the company’s conference call can do so using this link.

Horace Mann Educators (NYSE:HMN) last announced its 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 company 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 Price Performance

Shares of NYSE:HMN opened at $38.33 on Tuesday. The company’s fifty day moving average is $35.94 and its two-hundred day moving average is $34.55. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.46. Horace Mann Educators has a 12-month low of $27.81 and a 12-month high of $38.40. The company 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 announced 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 an increase from Horace Mann Educators’s previous quarterly dividend of $0.33. This represents a $1.36 annualized dividend and a yield of 3.55%. The ex-dividend date of this dividend was Thursday, March 14th. Horace Mann Educators’s payout ratio is 125.93%.

Insider Buying and Selling

In related news, CEO Marita Zuraitis sold 1,250 shares of the company’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $37.00, for a total value of $46,250.00. Following the completion of the sale, the chief executive officer now directly owns 304,483 shares in the company, valued at $11,265,871. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Horace Mann Educators news, CEO Marita Zuraitis sold 1,250 shares of the company’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $37.00, for a total transaction of $46,250.00. Following the completion of the sale, the chief executive officer now directly owns 304,483 shares in the company, valued at $11,265,871. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Kimberly A. Johnson sold 5,000 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $36.00, for a total transaction of $180,000.00. Following the sale, the senior vice president now owns 21,674 shares of the company’s stock, valued at $780,264. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,229 shares of company stock worth $870,137. Corporate insiders own 3.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Piper Sandler lowered their price target on shares of Horace Mann Educators from $40.00 to $39.00 and set a “neutral” rating on the stock in a report on Friday, April 5th. Keefe, Bruyette & Woods upgraded shares of Horace Mann Educators from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $33.00 to $40.00 in a report on Monday, January 29th. TheStreet upgraded shares of Horace Mann Educators from a “c” rating to a “b” rating in a report on Wednesday, February 7th. Finally, StockNews.com cut shares of Horace Mann Educators from a “buy” rating to a “hold” rating in a report on Tuesday, April 16th.

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.