Horace Mann Educators Co. (NYSE:HMN) Declares Quarterly Dividend of $0.35

Horace Mann Educators Co. (NYSE:HMN - Get Free Report) announced a quarterly dividend on Monday, March 3rd, RTT News reports. Stockholders of record on Monday, March 17th will be paid a dividend of 0.35 per share by the insurance provider on Monday, March 31st. This represents a $1.40 annualized dividend and a dividend yield of 3.28%. This is a boost from Horace Mann Educators's previous quarterly dividend of $0.34.

Horace Mann Educators has increased its dividend by an average of 3.1% annually over the last three years and has raised its dividend annually for the last 16 consecutive years. Horace Mann Educators has a dividend payout ratio of 32.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Horace Mann Educators to earn $4.22 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 32.2%.

Horace Mann Educators Price Performance

NYSE HMN traded up $0.38 during trading on Monday, hitting $42.71. 218,073 shares of the stock traded hands, compared to its average volume of 188,254. The company has a quick ratio of 0.09, a current ratio of 0.10 and a debt-to-equity ratio of 0.42. Horace Mann Educators has a 12-month low of $31.81 and a 12-month high of $43.53. The firm has a 50-day simple moving average of $39.42 and a 200-day simple moving average of $38.21. The company has a market capitalization of $1.74 billion, a P/E ratio of 17.22 and a beta of 0.31.

Horace Mann Educators (NYSE:HMN - Get Free Report) last posted its earnings results on Wednesday, February 5th. The insurance provider reported $1.62 earnings per share for the quarter, beating analysts' consensus estimates of $1.04 by $0.58. Horace Mann Educators had a net margin of 6.44% and a return on equity of 10.58%. As a group, analysts predict that Horace Mann Educators will post 3.87 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HMN. Keefe, Bruyette & Woods upped their target price on shares of Horace Mann Educators from $44.00 to $45.00 and gave the company a "market perform" rating in a research report on Tuesday, February 11th. JMP Securities reissued a "market perform" rating on shares of Horace Mann Educators in a research report on Friday, February 7th. Finally, Piper Sandler increased their price target on Horace Mann Educators from $42.00 to $44.00 and gave the company a "neutral" rating in a report on Friday, February 7th. Four analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Horace Mann Educators presently has a consensus rating of "Hold" and a consensus price target of $43.67.

Insider Buying and Selling

In other Horace Mann Educators news, Director Beverley J. Mcclure sold 2,817 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $38.36, for a total value of $108,060.12. Following the sale, the director now owns 16,352 shares in the company, valued at $627,262.72. This trade represents a 14.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Marita Zuraitis sold 4,000 shares of Horace Mann Educators stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $39.40, for a total value of $157,600.00. Following the sale, the chief executive officer now owns 298,324 shares of the company's stock, valued at approximately $11,753,965.60. This trade represents a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,817 shares of company stock valued at $415,140 in the last ninety days. 3.80% of the stock is owned by company insiders.

About Horace Mann Educators

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.