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.
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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