Horace Mann Educators Co. (NYSE:HMN) Plans $0.29 Quarterly Dividend

Horace Mann Educators Co. (NYSE:HMN) declared a quarterly dividend on Tuesday, September 3rd, NASDAQ reports. Stockholders of record on Monday, September 16th will be paid a dividend of 0.287 per share by the insurance provider on Monday, September 30th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date is Friday, September 13th.

Horace Mann Educators has increased its dividend payment by an average of 4.5% annually over the last three years and has increased its dividend annually for the last 10 consecutive years. Horace Mann Educators has a dividend payout ratio of 59.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Horace Mann Educators to earn $2.37 per share next year, which means the company should continue to be able to cover its $1.15 annual dividend with an expected future payout ratio of 48.5%.

Shares of NYSE:HMN traded up $0.03 during mid-day trading on Thursday, reaching $47.02. 10,534 shares of the company’s stock were exchanged, compared to its average volume of 158,220. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 69.15 and a beta of 0.64. The business’s fifty day moving average price is $43.67 and its 200-day moving average price is $40.33. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.07 and a current ratio of 0.07. Horace Mann Educators has a twelve month low of $34.38 and a twelve month high of $47.18.

Horace Mann Educators (NYSE:HMN) last issued its quarterly earnings results on Monday, August 5th. The insurance provider reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. The company had revenue of $451.50 million for the quarter. Horace Mann Educators had a net margin of 8.73% and a return on equity of 2.54%. Analysts predict that Horace Mann Educators will post 2.15 EPS for the current fiscal year.

In other Horace Mann Educators news, VP Kimberly A. Johnson sold 1,500 shares of Horace Mann Educators stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $44.32, for a total value of $66,480.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Marita Zuraitis sold 5,006 shares of Horace Mann Educators stock in a transaction on Monday, September 9th. The shares were sold at an average price of $46.01, for a total transaction of $230,326.06. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,006 shares of company stock worth $631,842. 2.50% of the stock is owned by company insiders.

Several equities analysts recently issued reports on the stock. TheStreet upgraded shares of Horace Mann Educators from a “c+” rating to a “b” rating in a report on Friday, May 17th. Sandler O’Neill assumed coverage on shares of Horace Mann Educators in a report on Wednesday, May 22nd. They issued a “buy” rating and a $46.00 target price on the stock.

Horace Mann Educators Company Profile

Horace Mann Educators Corporation, through its subsidiaries, operates as a multiline insurance company in the United States. The Company operates through four segments: Property and Casualty, Retirement, Life, and Corporate and Other. It underwrites and markets personal lines of property and casualty insurance, including personal lines automobile and property insurance products; retirement products, such as tax-qualified fixed and variable annuities; and life insurance products.

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Dividend History for Horace Mann Educators (NYSE:HMN)

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