Horace Mann Educators Corporation Declares Quarterly Dividend of $0.28 (HMN)
Horace Mann Educators Corporation (NYSE:HMN) announced a quarterly dividend on Friday, September 1st, RTT News reports. Investors of record on Friday, September 15th will be given a dividend of 0.275 per share by the insurance provider on Friday, September 29th. This represents a $1.10 dividend on an annualized basis and a yield of 3.13%.
Horace Mann Educators Corporation has increased its dividend by an average of 10.8% annually over the last three years and has increased its dividend annually for the last 8 consecutive years. Horace Mann Educators Corporation has a payout ratio of 75.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect Horace Mann Educators Corporation to earn $2.25 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 48.9%.
Shares of Horace Mann Educators Corporation (NYSE:HMN) opened at 35.15 on Friday. Horace Mann Educators Corporation has a 1-year low of $33.30 and a 1-year high of $44.15. The stock has a market cap of $1.43 billion, a P/E ratio of 22.66 and a beta of 1.07. The company’s 50-day moving average is $36.58 and its 200-day moving average is $38.65.
Horace Mann Educators Corporation (NYSE:HMN) last announced its quarterly earnings results on Monday, July 24th. The insurance provider reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.11 by $0.09. The firm had revenue of $291.40 million for the quarter, compared to analyst estimates of $290.40 million. Horace Mann Educators Corporation had a net margin of 5.59% and a return on equity of 4.56%. The company’s revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.25 EPS. Equities analysts expect that Horace Mann Educators Corporation will post $1.48 EPS for the current fiscal year.
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In related news, CFO Bret A. Conklin sold 4,085 shares of the business’s stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $37.95, for a total value of $155,025.75. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.10% of the stock is currently owned by insiders.
Several brokerages recently issued reports on HMN. TheStreet lowered shares of Horace Mann Educators Corporation from a “b” rating to a “c+” rating in a report on Monday, August 28th. Keefe, Bruyette & Woods restated a “sell” rating and issued a $35.00 price objective on shares of Horace Mann Educators Corporation in a report on Friday, August 18th. BidaskClub upgraded shares of Horace Mann Educators Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Finally, Zacks Investment Research lowered shares of Horace Mann Educators Corporation from a “hold” rating to a “sell” rating in a report on Friday, July 14th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Horace Mann Educators Corporation presently has an average rating of “Hold” and a consensus price target of $37.50.
Horace Mann Educators Corporation Company Profile
Horace Mann Educators Corporation (HMEC) is an insurance holding company. Through its subsidiaries, HMEC markets and underwrites personal lines of property and casualty (primarily personal lines automobile and homeowners) insurance, retirement annuities (primarily tax-qualified products) and life insurance in the United States.
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