Horace Mann Educators Co. (NYSE:HMN) to Issue Quarterly Dividend of $0.32

Horace Mann Educators Co. (NYSE:HMNGet Rating) declared a quarterly dividend on Wednesday, May 25th, Zacks reports. Investors of record on Wednesday, June 15th will be given a dividend of 0.32 per share by the insurance provider on Thursday, June 30th. This represents a $1.28 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend is Tuesday, June 14th.

Horace Mann Educators has increased its dividend by an average of 2.8% annually over the last three years and has raised its dividend annually for the last 14 consecutive years. Horace Mann Educators has a payout ratio of 32.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Horace Mann Educators to earn $3.80 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 33.7%.

HMN stock opened at $41.88 on Friday. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.17. The company’s 50 day moving average is $40.23 and its 200 day moving average is $39.67. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 14.90 and a beta of 0.54. Horace Mann Educators has a 1-year low of $36.21 and a 1-year high of $42.95.

Horace Mann Educators (NYSE:HMNGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The insurance provider reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.30). The company had revenue of $346.80 million during the quarter, compared to the consensus estimate of $339.80 million. Horace Mann Educators had a return on equity of 7.57% and a net margin of 8.71%. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the company posted $1.10 earnings per share. As a group, sell-side analysts forecast that Horace Mann Educators will post 3.25 EPS for the current fiscal year.

In related news, Director Thomas A. Bradley acquired 5,000 shares of the stock in a transaction that occurred on Wednesday, May 11th. The shares were bought at an average price of $37.96 per share, for a total transaction of $189,800.00. Following the completion of the transaction, the director now directly owns 7,500 shares in the company, valued at $284,700. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.20% of the company’s stock.

A number of institutional investors have recently modified their holdings of HMN. Captrust Financial Advisors raised its position in Horace Mann Educators by 37.9% in the first quarter. Captrust Financial Advisors now owns 3,882 shares of the insurance provider’s stock worth $162,000 after acquiring an additional 1,066 shares during the period. APG Asset Management N.V. bought a new position in Horace Mann Educators in the first quarter worth approximately $211,000. Stifel Financial Corp raised its position in Horace Mann Educators by 13.3% in the fourth quarter. Stifel Financial Corp now owns 5,706 shares of the insurance provider’s stock worth $221,000 after acquiring an additional 671 shares during the period. Renaissance Technologies LLC bought a new position in Horace Mann Educators in the third quarter worth approximately $223,000. Finally, Eaton Vance Management raised its position in Horace Mann Educators by 50.2% in the first quarter. Eaton Vance Management now owns 5,781 shares of the insurance provider’s stock worth $242,000 after acquiring an additional 1,932 shares during the period.

HMN has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Horace Mann Educators from a “hold” rating to a “sell” rating in a research report on Friday, May 6th. StockNews.com initiated coverage on shares of Horace Mann Educators in a research report on Thursday, March 31st. They issued a “hold” rating on the stock.

Horace Mann Educators Company Profile (Get Rating)

Horace Mann Educators Corporation, together with its subsidiaries, operates as an insurance holding company in the United States. It operates in three segments: Property & Casualty, Life & Retirement, and Supplemental & Group Benefits. The company underwrites and markets personal lines of property and casualty insurance, including personal lines auto and property insurance products; supplemental insurance products, which include cancer, heart, hospital, supplemental disability, and accident coverages; retirement products, such as tax-qualified fixed and variable annuities; and life insurance products comprising whole life and term, as well as indexed universal life insurance products.

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Dividend History for Horace Mann Educators (NYSE:HMN)

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