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

Horace Mann Educators (NYSE:HMN) posted its 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 for the quarter, compared to analysts’ expectations of $293.87 million. Horace Mann Educators had a return on equity of 7.44% and a net margin of 5.24%. The business’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.44 earnings per share. 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 Trading Up 5.1 %

NYSE HMN opened at $39.28 on Wednesday. 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 has a market capitalization of $1.60 billion, a P/E ratio of 20.04 and a beta of 0.27. Horace Mann Educators has a 52-week low of $31.53 and a 52-week high of $39.48. The firm has a 50-day moving average price of $35.66 and a 200 day moving average price of $34.78.

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. This represents a $1.36 annualized dividend and a dividend yield of 3.46%. The ex-dividend date of this dividend was Monday, September 16th. Horace Mann Educators’s payout ratio is 69.39%.

Analysts Set New Price Targets

HMN has been the subject of a number of research reports. Keefe, Bruyette & Woods reduced their price objective on Horace Mann Educators from $40.00 to $39.00 and set an “outperform” rating for the company in a research note on Tuesday, August 13th. Piper Sandler upped their price target on shares of Horace Mann Educators from $34.00 to $36.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. Finally, Raymond James began coverage on shares of Horace Mann Educators in a research report on Tuesday, August 6th. They set a “strong-buy” rating and a $42.00 price objective on the stock. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $39.00.

Insiders Place Their Bets

In related 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 transaction of $148,960.00. Following the transaction, the chief executive officer now owns 292,336 shares of the company’s stock, valued at $10,886,592.64. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.80% of the stock is currently owned by insiders.

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.