Horace Mann Educators Co. (NYSE:HMN – Get Free Report) 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.
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.
Check Out Our Latest Analysis on HMN
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.
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