Horace Mann Educators (HMN) Scheduled to Post 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 interested in registering for the company’s conference call can do so using this link.

Horace Mann Educators (NYSE:HMN) last issued its earnings results on Wednesday, February 7th. The insurance provider reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.19. Horace Mann Educators had a return on equity of 5.71% and a net margin of 3.02%. The business had revenue of $402.90 million for 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 Stock Performance

HMN opened at $36.85 on Wednesday. Horace Mann Educators has a one year low of $27.81 and a one year high of $38.29. The stock has a market capitalization of $1.51 billion, a PE ratio of 34.13 and a beta of 0.28. The business’s 50 day moving average price is $35.83 and its 200 day moving average price is $34.34. 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a $0.34 dividend. The ex-dividend date was Thursday, March 14th. This is a boost from Horace Mann Educators’s previous quarterly dividend of $0.33. This represents a $1.36 dividend on an annualized basis and a yield of 3.69%. Horace Mann Educators’s dividend payout ratio is currently 125.93%.

Insider Buying and Selling at Horace Mann Educators

In other Horace Mann Educators news, CEO Marita Zuraitis sold 2,700 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $37.00, for a total value of $99,900.00. Following the sale, the chief executive officer now owns 280,832 shares of the company’s stock, valued at $10,390,784. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, SVP Kimberly A. Johnson sold 5,000 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 value of $99,900.00. Following the sale, the chief executive officer now directly 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 quarter. 3.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on HMN shares. Piper Sandler decreased their price objective on 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 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 report on Monday, January 29th. TheStreet upgraded Horace Mann Educators from a “c” rating to a “b” rating in a report on Wednesday, February 7th. Finally, StockNews.com lowered Horace Mann Educators from a “buy” rating to a “hold” rating in a research report on Tuesday, April 16th.

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.