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

Horace Mann Educators (NYSE:HMN) is scheduled to be releasing its earnings data after the market closes on Wednesday, May 8th. Analysts expect Horace Mann Educators to post 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.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Horace Mann Educators (NYSE:HMN) last announced its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $0.84 earnings per share for the quarter, beating 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 firm had revenue of $402.90 million during the quarter, compared to analyst estimates 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 Trading Down 0.9 %

NYSE:HMN opened at $37.52 on Monday. The company has a market cap of $1.54 billion, a PE ratio of 34.74 and a beta of 0.26. The business’s 50 day moving average is $35.90 and its two-hundred day moving average is $34.51. 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 52 week low of $27.81 and a 52 week high of $38.29.

Horace Mann Educators Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a dividend of $0.34 per share. The ex-dividend date was Thursday, March 14th. This is a positive change from Horace Mann Educators’s previous quarterly dividend of $0.33. This represents a $1.36 annualized dividend and a dividend yield of 3.62%. Horace Mann Educators’s dividend payout ratio is 125.93%.

Insider Buying and Selling at Horace Mann Educators

In related news, CEO Marita Zuraitis sold 2,700 shares of Horace Mann Educators stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $37.00, for a total transaction of $99,900.00. Following the completion of the sale, the chief executive officer now owns 280,832 shares of the company’s stock, valued at $10,390,784. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Marita Zuraitis sold 2,700 shares of the 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 transaction, the chief executive officer now owns 280,832 shares in the company, valued at $10,390,784. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Kimberly A. Johnson sold 5,000 shares of Horace Mann Educators stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $36.00, for a total transaction of $180,000.00. Following the completion of 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. Insiders sold 24,229 shares of company stock valued at $870,137 in the last quarter. Company insiders own 3.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. StockNews.com lowered shares of Horace Mann Educators from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th. Keefe, Bruyette & Woods raised Horace Mann Educators from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $33.00 to $40.00 in a research note on Monday, January 29th. Piper Sandler decreased their price target on Horace Mann Educators from $40.00 to $39.00 and set a “neutral” rating for the company in a research note on Friday, April 5th. Finally, TheStreet upgraded shares of Horace Mann Educators from a “c” rating to a “b” rating in a research note on Wednesday, February 7th.

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.