Horace Mann Educators Co. (NYSE:HMN) declared a quarterly dividend on Wednesday, March 7th, RTT News reports. Investors of record on Monday, March 19th will be given a dividend of 0.285 per share by the insurance provider on Friday, March 30th. This represents a $1.14 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend is Friday, March 16th. This is a positive change from Horace Mann Educators’s previous quarterly dividend of $0.28.
Horace Mann Educators has raised its dividend by an average of 6.1% per year over the last three years and has raised its dividend every year for the last 9 years. Horace Mann Educators has a dividend payout ratio of 64.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Horace Mann Educators to earn $2.65 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 41.5%.
HMN traded down $1.15 on Monday, hitting $41.60. 114,171 shares of the company were exchanged, compared to its average volume of 160,293. Horace Mann Educators has a twelve month low of $33.85 and a twelve month high of $47.65. The stock has a market capitalization of $1,743.36, a price-to-earnings ratio of 24.71 and a beta of 0.94. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.08 and a quick ratio of 0.08.
Horace Mann Educators (NYSE:HMN) last released its earnings results on Tuesday, February 6th. The insurance provider reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.09. Horace Mann Educators had a return on equity of 5.17% and a net margin of 14.46%. The firm had revenue of $303.00 million during the quarter. During the same period in the previous year, the firm earned $0.52 earnings per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. research analysts anticipate that Horace Mann Educators will post 2.3 earnings per share for the current year.
In other Horace Mann Educators news, CFO Bret A. Conklin sold 4,259 shares of Horace Mann Educators stock in a transaction dated Wednesday, March 21st. The stock was sold at an average price of $44.82, for a total transaction of $190,888.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.40% of the stock is owned by insiders.
Several research analysts recently commented on the company. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Horace Mann Educators in a research note on Wednesday, December 6th. Zacks Investment Research downgraded Horace Mann Educators from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 26th. Finally, ValuEngine raised Horace Mann Educators from a “hold” rating to a “buy” rating in a report on Thursday, March 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $46.50.
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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 Property and Casualty Insurance, Annuity Products, and Life Insurance segments. 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 annuities; and life insurance products.
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