Horace Mann Educators Co. (HMN) to Issue Quarterly Dividend of $0.35 on March 31st

Horace Mann Educators Co. (NYSE:HMN) announced a quarterly dividend on Monday, March 3rd, RTT News reports. Investors of record on Monday, March 17th will be paid a dividend of 0.35 per share by the insurance provider on Monday, March 31st. This represents a $1.40 annualized dividend and a yield of 3.34%. The ex-dividend date is Monday, March 17th. This is a 2.9% increase from Horace Mann Educators’s previous quarterly dividend of $0.34.

Horace Mann Educators has raised its dividend by an average of 3.1% annually over the last three years and has raised its dividend every year for the last 17 years. Horace Mann Educators has a payout ratio of 33.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Horace Mann Educators to earn $4.22 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 33.2%.

Horace Mann Educators Stock Performance

Shares of HMN stock opened at $41.96 on Friday. The business’s 50 day simple moving average is $39.78 and its 200 day simple moving average is $38.60. Horace Mann Educators has a one year low of $31.81 and a one year high of $43.53. The stock has a market capitalization of $1.72 billion, a PE ratio of 16.92 and a beta of 0.25. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.10 and a quick ratio of 0.09.

Horace Mann Educators (NYSE:HMN) last posted its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.58. Horace Mann Educators had a return on equity of 10.58% and a net margin of 6.44%. As a group, research analysts forecast that Horace Mann Educators will post 3.87 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on HMN. JMP Securities reaffirmed a “market perform” rating on shares of Horace Mann Educators in a research report on Friday, February 7th. Keefe, Bruyette & Woods raised their price objective on shares of Horace Mann Educators from $44.00 to $45.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 11th. Finally, Piper Sandler raised their price objective on shares of Horace Mann Educators from $42.00 to $44.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Four research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $43.67.

Insider Buying and Selling

In other Horace Mann Educators news, CEO Marita Zuraitis sold 4,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $37.37, for a total transaction of $149,480.00. Following the transaction, the chief executive officer now directly owns 294,324 shares in the company, valued at approximately $10,998,887.88. This trade represents a 1.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Beverley J. Mcclure sold 2,817 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $38.36, for a total value of $108,060.12. Following the transaction, the director now owns 16,352 shares in the company, valued at approximately $627,262.72. This trade represents a 14.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,817 shares of company stock worth $415,140 in the last ninety days. Corporate insiders own 3.80% of the company’s stock.

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.