Horace Mann Educators Co. (NYSE:HMN) Declares $0.34 Quarterly Dividend

Horace Mann Educators Co. (NYSE:HMN - Get Free Report) 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 annualized dividend and a dividend yield of 3.30%.

Horace Mann Educators has raised its dividend by an average of 3.2% annually over the last three years and has raised its dividend every year for the last 16 years. Horace Mann Educators has a 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 0.5 %

Shares of HMN traded up $0.20 during midday trading on Wednesday, reaching $41.25. 128,243 shares of the company were exchanged, compared to its average volume of 240,910. The stock has a 50-day moving average price of $38.29 and a 200-day moving average price of $35.45. The company has a market cap of $1.68 billion, a price-to-earnings ratio of 16.35 and a beta of 0.30. Horace Mann Educators has a 1-year low of $31.81 and a 1-year high of $43.26. 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 (NYSE:HMN - Get Free Report) 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 firm had revenue of $412.10 million during the quarter, compared to analyst estimates of $293.87 million. During the same period in the previous year, the company earned $0.44 earnings per share. Horace Mann Educators's quarterly revenue was up 8.8% on a year-over-year basis. Research analysts expect that Horace Mann Educators will post 2.61 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on HMN shares. Raymond James started coverage on shares of Horace Mann Educators in a research note on Tuesday, August 6th. They set a "strong-buy" rating and a $42.00 target price on the stock. Keefe, Bruyette & Woods downgraded shares of Horace Mann Educators from an "outperform" rating to a "market perform" rating and boosted their target price for the company from $39.00 to $44.00 in a research note on Tuesday, November 12th. Finally, Piper Sandler boosted their target price on shares of Horace Mann Educators from $36.00 to $42.00 and gave the company a "neutral" rating in a research note on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $42.67.

Insider Transactions at Horace Mann Educators

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

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.

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