Horace Mann Educators (HMN) Projected to Post Quarterly Earnings on Wednesday

Horace Mann Educators (NYSE:HMN - Get Free Report) will likely be releasing its earnings data after the market closes on Wednesday, February 5th. Analysts expect Horace Mann Educators to post earnings of $1.04 per share and revenue of $417.03 million for the quarter. Horace Mann Educators has set its FY24 guidance at $2.40-2.70 EPS and its FY 2024 guidance at 2.400-2.700 EPS.Persons that wish to listen to the company's earnings conference call can do so using this link.

Horace Mann Educators (NYSE:HMN - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.04. Horace Mann Educators had a return on equity of 8.14% and a net margin of 6.55%. The firm had revenue of $412.10 million during the quarter, compared to analyst estimates of $293.87 million. During the same period in the prior year, the company posted $0.44 earnings per share. The business's revenue for the quarter was up 8.8% compared to the same quarter last year. 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 Horace Mann Educators stock traded down $0.38 during trading on Friday, reaching $38.57. The company's stock had a trading volume of 135,205 shares, compared to its average volume of 140,542. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $1.57 billion, a P/E ratio of 15.37 and a beta of 0.31. Horace Mann Educators has a one year low of $31.81 and a one year high of $43.26. The stock has a 50-day moving average price of $39.54 and a two-hundred day moving average price of $37.19.

Horace Mann Educators Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a dividend of $0.34 per share. The ex-dividend date was Monday, December 16th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.53%. Horace Mann Educators's payout ratio is 54.18%.

Insider Activity at Horace Mann Educators

In related news, Director Beverley J. Mcclure sold 2,817 shares of the firm's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $38.36, for a total value of $108,060.12. Following the completion of the transaction, the director now owns 16,352 shares of the company's stock, valued at approximately $627,262.72. This trade represents a 14.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Marita Zuraitis sold 4,000 shares of the firm's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $41.97, for a total transaction of $167,880.00. Following the completion of the transaction, the chief executive officer now directly owns 300,542 shares of the company's stock, valued at approximately $12,613,747.74. This trade represents a 1.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,451 shares of company stock worth $670,619 over the last ninety days. Company insiders own 3.80% of the company's stock.

Wall Street Analysts Forecast Growth

HMN has been the topic of a number of research reports. Keefe, Bruyette & Woods lowered shares of Horace Mann Educators from an "outperform" rating to a "market perform" rating and upped their target price for the stock from $39.00 to $44.00 in a research report on Tuesday, November 12th. Piper Sandler upped their target price on shares of Horace Mann Educators from $36.00 to $42.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $42.67.

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.