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

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

Horace Mann Educators (NYSE:HMN) last released its quarterly earnings results on Wednesday, August 7th. The insurance provider reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.01. The business had revenue of $388.10 million during the quarter, compared to the consensus estimate of $288.67 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 8.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.03 EPS. 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. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.45. The company’s 50-day moving average price is $35.50 and its 200 day moving average price is $34.75. Horace Mann Educators has a 52 week low of $31.53 and a 52 week high of $39.25. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 19.07 and a beta of 0.28.

Horace Mann Educators Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a $0.34 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.36 annualized dividend and a dividend yield of 3.64%. Horace Mann Educators’s dividend payout ratio is presently 69.39%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other news, CEO Marita Zuraitis sold 42,117 shares of Horace Mann Educators stock in a transaction 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 completion of the sale, the chief executive officer now owns 294,402 shares of the company’s stock, valued at $10,910,538.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.80% of the stock is owned by company 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.