Horace Mann Educators (HMN) Set to Announce Earnings on Monday

Horace Mann Educators (NYSE:HMN) is scheduled to issue its quarterly earnings data after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of $0.83 per share for the quarter. Horace Mann Educators has set its FY24 guidance at $2.40-2.70 EPS.Parties that wish to listen to the company’s conference call can do so using this link.

Horace Mann Educators (NYSE:HMN) last issued its earnings results on Wednesday, August 7th. The insurance provider reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. Horace Mann Educators had a net margin of 5.24% and a return on equity of 7.44%. The business had revenue of $388.10 million during the quarter, compared to analysts’ expectations of $288.67 million. During the same quarter in the prior year, the business posted $0.03 EPS. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. 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 $37.37 on Friday. Horace Mann Educators has a 12 month low of $31.53 and a 12 month high of $39.25. The firm has a market capitalization of $1.52 billion, a P/E ratio of 19.07 and a beta of 0.28. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.08 and a quick ratio of 0.08. The company’s fifty day moving average price is $35.50 and its 200 day moving average price is $34.75.

Horace Mann Educators Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date of this dividend was Monday, September 16th. Horace Mann Educators’s dividend payout ratio (DPR) is currently 69.39%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, CEO Marita Zuraitis sold 42,117 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $37.06, for a total value of $1,560,856.02. Following the transaction, the chief executive officer now owns 294,402 shares of the company’s stock, valued at approximately $10,910,538.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.80% of the stock is owned by 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.