Horace Mann Educators Co. (NYSE:HMN) announced a quarterly dividend on Wednesday, December 5th, RTT News reports. Stockholders of record on Monday, December 17th will be paid a dividend of 0.285 per share by the insurance provider on Monday, December 31st. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.00%.

Horace Mann Educators has increased its dividend payment by an average of 6.1% annually over the last three years and has increased its dividend every year for the last 9 years. Horace Mann Educators has a payout ratio of 58.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Horace Mann Educators to earn $2.60 per share next year, which means the company should continue to be able to cover its $1.14 annual dividend with an expected future payout ratio of 43.8%.

Shares of HMN traded down $1.83 during trading hours on Wednesday, reaching $38.03. 131,650 shares of the company traded hands, compared to its average volume of 115,765. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 21.86 and a beta of 0.87. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.23. Horace Mann Educators has a 12 month low of $37.37 and a 12 month high of $47.50.

Horace Mann Educators (NYSE:HMN) last announced its earnings results on Tuesday, October 30th. The insurance provider reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.07. The firm had revenue of $311.40 million for the quarter. Horace Mann Educators had a net margin of 13.48% and a return on equity of 4.63%. On average, research analysts forecast that Horace Mann Educators will post 1.58 EPS for the current fiscal year.

In other news, SVP John P. Mccarthy sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, September 6th. The shares were sold at an average price of $46.58, for a total transaction of $232,900.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steve Hassenmiller sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $40.39, for a total transaction of $121,170.00. Following the transaction, the director now directly owns 27,664 shares of the company’s stock, valued at $1,117,348.96. The disclosure for this sale can be found here. Insiders sold 17,613 shares of company stock valued at $800,306 over the last ninety days. Corporate insiders own 2.20% of the company’s stock.

A number of equities research analysts have recently weighed in on the stock. ValuEngine lowered shares of Horace Mann Educators from a “buy” rating to a “hold” rating in a research note on Thursday, November 15th. Zacks Investment Research lowered shares of Horace Mann Educators from a “hold” rating to a “sell” rating in a research note on Wednesday, October 24th.

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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 Property and Casualty Insurance, Annuity Products, and Life Insurance segments. 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 annuities; and life insurance products.

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Dividend History for Horace Mann Educators (NYSE:HMN)

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