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.
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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