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) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 4.150-4.450 for the period, compared to the consensus EPS estimate of 3.982. The company issued revenue guidance of -.

Horace Mann Educators Price Performance

Shares of NYSE:HMN traded down $0.09 on Monday, hitting $44.02. The stock had a trading volume of 203,862 shares, compared to its average volume of 279,770. Horace Mann Educators has a twelve month low of $33.00 and a twelve month high of $44.64. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.09 and a current ratio of 0.09. The firm's 50 day moving average price is $42.15 and its 200-day moving average price is $41.63. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 13.02 and a beta of 0.27.

Horace Mann Educators (NYSE:HMN - Get Free Report) last issued its earnings results on Wednesday, August 6th. The insurance provider reported $1.06 EPS for the quarter, beating the consensus estimate of $0.61 by $0.45. The company 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 8.49% and a return on equity of 14.23%. The firm's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.20 EPS. On average, equities research analysts predict that Horace Mann Educators will post 3.87 earnings per share for the current year.

Horace Mann Educators Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were paid a $0.35 dividend. The ex-dividend date of this dividend 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 dividend payout ratio is 41.42%.

Horace Mann Educators announced that its board has initiated a share repurchase program on Tuesday, May 13th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the insurance provider to repurchase up to 3% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Horace Mann Educators in a research note on Thursday, May 15th. Wall Street Zen cut shares of Horace Mann Educators from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. BMO Capital Markets set a $48.00 target price on shares of Horace Mann Educators and gave the company an "outperform" rating in a research note on Monday, July 28th. Finally, Piper Sandler raised their target price 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 research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $46.75.

Insiders Place Their Bets

In other Horace Mann Educators news, CEO Marita Zuraitis sold 5,000 shares of Horace Mann Educators stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $43.24, for a total transaction of $216,200.00. Following the completion of the transaction, the chief executive officer directly owned 310,451 shares of the company's stock, valued at $13,423,901.24. The trade was a 1.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Victor Fetter acquired 3,500 shares of Horace Mann Educators stock in a transaction on Tuesday, May 20th. The shares were bought at an average cost of $44.03 per share, with a total value of $154,105.00. Following the completion of the transaction, the director owned 14,655 shares of the company's stock, valued at approximately $645,259.65. This trade represents a 31.38% increase in their ownership of the stock. The disclosure for this purchase 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. 3.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Horace Mann Educators

Hedge funds have recently bought and sold shares of the business. Royal Bank of Canada increased its holdings in shares of Horace Mann Educators by 36.2% during the first quarter. Royal Bank of Canada now owns 8,251 shares of the insurance provider's stock worth $352,000 after purchasing an additional 2,194 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Horace Mann Educators by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,449 shares of the insurance provider's stock worth $1,045,000 after acquiring an additional 1,064 shares during the period. Caxton Associates LLP bought a new stake in shares of Horace Mann Educators during the 1st quarter valued at $313,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Horace Mann Educators by 5.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 138,788 shares of the insurance provider's stock worth $5,930,000 after purchasing an additional 7,542 shares in the last quarter. Finally, Jane Street Group LLC increased its position in shares of Horace Mann Educators by 313.8% in the first quarter. Jane Street Group LLC now owns 91,640 shares of the insurance provider's stock worth $3,916,000 after purchasing an additional 69,492 shares during the period. 99.28% of the stock is owned by institutional investors.

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.