Horace Mann Educators Co. (NYSE:HMN) announced a quarterly dividend on Thursday, March 7th, Wall Street Journal reports. Shareholders of record on Monday, March 18th will be given a dividend of 0.2875 per share by the insurance provider on Friday, March 29th. This represents a $1.15 annualized dividend and a yield of 3.04%. The ex-dividend date is Friday, March 15th. This is a boost from Horace Mann Educators’s previous quarterly dividend of $0.29.
Horace Mann Educators has increased its dividend 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% indicating that its dividend is sufficiently covered by earnings.
NYSE:HMN opened at $37.85 on Thursday. Horace Mann Educators has a 52-week low of $35.34 and a 52-week high of $47.50. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.05 and a quick ratio of 0.05. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 55.15 and a beta of 0.80.
In other news, Director Steve Hassenmiller sold 3,000 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $39.28, for a total value of $117,840.00. Following the completion of the transaction, the director now owns 27,664 shares of the company’s stock, valued at $1,086,641.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Beverley J. Mcclure sold 1,800 shares of the company’s stock in a transaction dated Monday, December 31st. The stock was sold at an average price of $37.08, for a total value of $66,744.00. The disclosure for this sale can be found here. Insiders have sold 10,043 shares of company stock valued at $385,915 in the last three months. 2.20% of the stock is currently owned by corporate insiders.
HMN has been the subject of several recent research reports. Zacks Investment Research raised Horace Mann Educators from a “sell” rating to a “hold” rating in a report on Friday, January 4th. TheStreet lowered Horace Mann Educators from a “b-” rating to a “c+” rating in a report on Thursday, February 28th. Finally, ValuEngine lowered Horace Mann Educators from a “buy” rating to a “hold” rating in a report on Thursday, November 15th.
TRADEMARK VIOLATION WARNING: “Horace Mann Educators Co. (HMN) Increases Dividend to $0.29 Per Share” was originally reported by Dakota Financial News and is the property of of Dakota Financial News. If you are reading this news story on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The original version of this news story can be read at https://dakotafinancialnews.com/2019/03/14/horace-mann-educators-co-hmn-increases-dividend-to-0-29-per-share.html.
About Horace Mann Educators
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.
Featured Story: How Do Mutual Funds Work?
Receive News & Ratings for Horace Mann Educators Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Horace Mann Educators and related companies with MarketBeat.com's FREE daily email newsletter.