Horace Mann Educators Co. (HMN) To Go Ex-Dividend on December 16th

Horace Mann Educators Co. (NYSE:HMN) announced a quarterly dividend on Wednesday, December 4th,RTT News reports. Stockholders of record on Monday, December 16th will be given a dividend of 0.34 per share by the insurance provider on Tuesday, December 31st. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend is Monday, December 16th.

Horace Mann Educators has raised its dividend payment by an average of 3.2% per year over the last three years and has raised its dividend every year for the last 16 years. Horace Mann Educators has a dividend payout ratio of 36.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Horace Mann Educators to earn $3.74 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 36.4%.

Horace Mann Educators Stock Up 0.8 %

Horace Mann Educators stock opened at $41.57 on Friday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.42. Horace Mann Educators has a 1-year low of $31.81 and a 1-year high of $43.26. The company has a fifty day simple moving average of $38.40 and a 200 day simple moving average of $35.49. The company has a market cap of $1.69 billion, a P/E ratio of 16.53 and a beta of 0.30.

Horace Mann Educators (NYSE:HMN) last announced its quarterly earnings data on Monday, November 4th. The insurance provider reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.04. Horace Mann Educators had a return on equity of 8.14% and a net margin of 6.55%. The company had revenue of $412.10 million during the quarter, compared to analysts’ expectations of $293.87 million. During the same quarter last year, the company earned $0.44 EPS. Horace Mann Educators’s revenue for the quarter was up 8.8% compared to the same quarter last year. Research analysts anticipate that Horace Mann Educators will post 2.61 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Marita Zuraitis sold 42,117 shares of the firm’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $37.06, for a total transaction of $1,560,856.02. Following the completion of the sale, the chief executive officer now owns 294,402 shares in the company, valued at approximately $10,910,538.12. This trade represents a 12.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Beverley J. Mcclure sold 5,634 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $42.08, for a total transaction of $237,078.72. Following the completion of the transaction, the director now owns 19,057 shares in the company, valued at approximately $801,918.56. This trade represents a 22.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,751 shares of company stock valued at $2,114,775 over the last three months. Insiders own 3.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on HMN shares. Keefe, Bruyette & Woods cut Horace Mann Educators from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $39.00 to $44.00 in a research note on Tuesday, November 12th. Piper Sandler upped their price target on shares of Horace Mann Educators from $36.00 to $42.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Four analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $42.67.

Horace Mann Educators Company Profile

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.