Horace Mann Educators (NYSE:HMN) Releases FY 2025 Earnings Guidance

Key Points

• Horace Mann Educators has updated its FY 2025 earnings guidance, projecting earnings per share (EPS) of 4.150-4.450, exceeding the consensus estimate of 3.982.
• The company recently reported quarterly earnings of $1.06 EPS, significantly above the consensus estimate of $0.61 EPS, with a 6.1% increase in year-over-year revenue.
• Horace Mann Educators announced a $50 million stock repurchase program, which allows for the buyback of up to 3% of its shares, indicating the board's belief that the shares are undervalued.

Horace Mann Educators (NYSE:HMN - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 4.150-4.450 for the period, compared to the consensus estimate of 3.982. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets set a $48.00 price target on Horace Mann Educators and gave the stock an "outperform" rating in a research note on Monday, July 28th. Wall Street Zen lowered shares of Horace Mann Educators from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 2nd. Raymond James Financial reissued a "strong-buy" rating on shares of Horace Mann Educators in a research report on Thursday, May 15th. Finally, Piper Sandler lifted their price objective on shares of Horace Mann Educators from $44.00 to $45.00 and gave the company a "neutral" rating in a research note on Thursday, July 3rd. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Horace Mann Educators currently has a consensus rating of "Moderate Buy" and a consensus price target of $46.75.

Horace Mann Educators Stock Performance

NYSE:HMN traded up $0.85 during midday trading on Thursday, reaching $43.19. The stock had a trading volume of 121,435 shares, compared to its average volume of 252,259. The stock has a market capitalization of $1.76 billion, a P/E ratio of 15.65 and a beta of 0.27. Horace Mann Educators has a 1-year low of $33.00 and a 1-year high of $44.64. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.09 and a quick ratio of 0.09. The firm's fifty day simple moving average is $42.13 and its 200-day simple moving average is $41.46.

Horace Mann Educators (NYSE:HMN - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.45. The business had revenue of $302.60 million for the quarter, compared to the consensus estimate of $425.35 million. Horace Mann Educators had a net margin of 7.04% and a return on equity of 11.86%. Horace Mann Educators's quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the company posted $0.20 earnings per share. On average, equities research analysts forecast that Horace Mann Educators will post 3.87 EPS for the current fiscal year.

Horace Mann Educators Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were given a dividend of $0.35 per share. The ex-dividend date was Monday, June 16th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.2%. Horace Mann Educators's payout ratio is currently 41.42%.

Horace Mann Educators declared that its Board of Directors has approved a stock repurchase program on Tuesday, May 13th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the insurance provider to purchase up to 3% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling

In other Horace Mann Educators news, Director Victor Fetter purchased 3,500 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The stock was purchased at an average price of $44.03 per share, with a total value of $154,105.00. Following the completion of the transaction, the director directly owned 14,655 shares of the company's stock, valued at approximately $645,259.65. This trade represents a 31.38% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Bret A. Conklin sold 15,472 shares of the firm's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $43.52, for a total transaction of $673,341.44. Following the transaction, the executive vice president owned 55,792 shares of the company's stock, valued at approximately $2,428,067.84. This represents a 21.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 51,198 shares of company stock valued at $2,210,975 over the last ninety days. 4.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Horace Mann Educators

Hedge funds and other institutional investors have recently modified their holdings of the stock. Intech Investment Management LLC lifted its holdings in shares of Horace Mann Educators by 8.4% during the first quarter. Intech Investment Management LLC now owns 32,340 shares of the insurance provider's stock valued at $1,382,000 after acquiring an additional 2,507 shares during the period. Jane Street Group LLC lifted its holdings in Horace Mann Educators by 313.8% during the 1st quarter. Jane Street Group LLC now owns 91,640 shares of the insurance provider's stock valued at $3,916,000 after purchasing an additional 69,492 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Horace Mann Educators by 5.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 138,788 shares of the insurance provider's stock valued at $5,930,000 after buying an additional 7,542 shares in the last quarter. Caxton Associates LLP bought a new stake in Horace Mann Educators during the first quarter worth about $313,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Horace Mann Educators by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,449 shares of the insurance provider's stock worth $1,045,000 after buying an additional 1,064 shares during the last quarter. Institutional investors own 99.28% of the company's stock.

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.

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