Horace Mann Educators Co. (HMN) To Go Ex-Dividend on September 13th

Horace Mann Educators Co. (NYSE:HMN) declared a quarterly dividend on Tuesday, September 3rd, NASDAQ reports. Investors of record on Monday, September 16th will be paid a dividend of 0.287 per share by the insurance provider on Monday, September 30th. This represents a $1.15 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend is Friday, September 13th.

Horace Mann Educators has increased its dividend payment by an average of 4.5% annually over the last three years and has raised its dividend every year for the last 10 years. Horace Mann Educators has a dividend payout ratio of 59.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Horace Mann Educators to earn $2.37 per share next year, which means the company should continue to be able to cover its $1.15 annual dividend with an expected future payout ratio of 48.5%.

HMN stock traded up $0.87 during trading on Thursday, hitting $44.79. 227,350 shares of the company’s stock traded hands, compared to its average volume of 157,033. The firm has a market capitalization of $1.79 billion, a P/E ratio of 65.87 and a beta of 0.64. The business has a fifty day simple moving average of $43.14 and a two-hundred day simple moving average of $40.11. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.20. Horace Mann Educators has a 1 year low of $34.38 and a 1 year high of $47.00.

Horace Mann Educators (NYSE:HMN) last issued its quarterly earnings data on Monday, August 5th. The insurance provider reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.02. Horace Mann Educators had a net margin of 8.73% and a return on equity of 2.54%. The company had revenue of $451.50 million for the quarter. On average, equities research analysts predict that Horace Mann Educators will post 2.15 EPS for the current fiscal year.

Several equities analysts have issued reports on the stock. TheStreet raised shares of Horace Mann Educators from a “c+” rating to a “b” rating in a report on Friday, May 17th. Sandler O’Neill began coverage on shares of Horace Mann Educators in a research note on Wednesday, May 22nd. They set a “buy” rating and a $46.00 price objective for the company.

In other news, VP Kimberly A. Johnson sold 1,500 shares of Horace Mann Educators stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $44.32, for a total transaction of $66,480.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert Stricker sold 3,843 shares of Horace Mann Educators stock in a transaction on Monday, August 19th. The stock was sold at an average price of $44.20, for a total transaction of $169,860.60. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.

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 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.

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Dividend History for Horace Mann Educators (NYSE:HMN)

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