Horace Mann Educators Corporation (NYSE:HMN) declared a quarterly dividend on Wednesday, December 6th, RTT News reports. Stockholders of record on Monday, December 18th will be given a dividend of 0.275 per share by the insurance provider on Friday, December 29th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.42%.
Horace Mann Educators 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 has a dividend payout ratio of 64.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Horace Mann Educators to earn $2.30 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 47.8%.
Horace Mann Educators (NYSE:HMN) traded down $0.80 during midday trading on Thursday, hitting $45.50. The stock had a trading volume of 270,100 shares, compared to its average volume of 158,876. Horace Mann Educators has a 12 month low of $33.85 and a 12 month high of $47.65. The firm has a market capitalization of $1,882.89, a PE ratio of 28.94 and a beta of 1.17. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.09 and a current ratio of 0.09.
Horace Mann Educators (NYSE:HMN) last announced its quarterly earnings data on Tuesday, October 24th. The insurance provider reported $0.69 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.47. The business had revenue of $289.80 million during the quarter, compared to the consensus estimate of $293.10 million. Horace Mann Educators had a return on equity of 4.94% and a net margin of 5.56%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.58 earnings per share. analysts forecast that Horace Mann Educators will post 1.7 EPS for the current fiscal year.
In other news, Director Robert Stricker sold 3,500 shares of Horace Mann Educators stock in a transaction on Friday, September 29th. The stock was sold at an average price of $39.35, for a total value of $137,725.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.10% of the stock is owned by insiders.
A number of brokerages have recently commented on HMN. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Horace Mann Educators in a research report on Wednesday. Zacks Investment Research raised Horace Mann Educators from a “sell” rating to a “hold” rating in a research report on Friday, October 27th. TheStreet raised Horace Mann Educators from a “c+” rating to a “b-” rating in a research report on Wednesday, September 27th. Finally, BidaskClub raised Horace Mann Educators from a “sell” rating to a “hold” rating in a research report on Friday, August 18th.
Horace Mann Educators 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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