Horace Mann Educators Corporation (HMN) To Go Ex-Dividend on December 15th
Horace Mann Educators Corporation (NYSE:HMN) announced a quarterly dividend on Wednesday, December 6th, RTT News reports. Shareholders 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 yield of 2.51%. The ex-dividend date of this dividend is Friday, December 15th.
Horace Mann Educators has increased its dividend payment 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 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%.
Shares of Horace Mann Educators (NYSE HMN) opened at $43.75 on Thursday. The stock has a market capitalization of $1,801.56, a P/E ratio of 27.69 and a beta of 1.17. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.18. Horace Mann Educators has a fifty-two week low of $33.85 and a fifty-two week high of $47.65.
Horace Mann Educators (NYSE:HMN) last released its earnings results on Tuesday, October 24th. The insurance provider reported $0.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.47. The firm had revenue of $289.80 million for the quarter, compared to analyst estimates of $293.10 million. Horace Mann Educators had a return on equity of 4.94% and a net margin of 5.56%. The company’s revenue was down .5% on a year-over-year basis. During the same quarter last year, the firm posted $0.58 EPS. equities research analysts forecast that Horace Mann Educators will post 1.7 earnings per share for the current fiscal year.
A number of analysts have issued reports on the company. TheStreet raised Horace Mann Educators from a “c+” rating to a “b-” rating in a report on Wednesday, September 27th. Zacks Investment Research raised Horace Mann Educators from a “sell” rating to a “hold” rating in a report on Friday, October 27th. BidaskClub raised Horace Mann Educators from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Finally, Keefe, Bruyette & Woods raised Horace Mann Educators from an “underperform” rating to a “market perform” rating and set a $37.00 target price on the stock in a report on Tuesday, September 5th.
In other news, Director Robert Stricker sold 3,829 shares of Horace Mann Educators stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $45.75, for a total transaction of $175,176.75. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.10% of the company’s stock.
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About Horace Mann Educators
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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