Horace Mann Educators Corporation (HMN) To Go Ex-Dividend on December 15th

Horace Mann Educators Corporation (NYSE:HMN) declared a quarterly dividend on Wednesday, December 3rd. Shareholders of record on Monday, December 15th will be paid a dividend of 0.35 per share by the insurance provider on Wednesday, December 31st. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date is Monday, December 15th.

Horace Mann Educators has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 17 consecutive years. Horace Mann Educators has a dividend payout ratio of 31.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Horace Mann Educators to earn $4.22 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 33.2%.

Horace Mann Educators Stock Down 0.3%

Shares of NYSE HMN traded down $0.16 during mid-day trading on Friday, reaching $46.07. The company had a trading volume of 271,617 shares, compared to its average volume of 219,543. The firm has a 50 day simple moving average of $45.05 and a two-hundred day simple moving average of $44.16. Horace Mann Educators has a 52-week low of $36.20 and a 52-week high of $48.33. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.58. The stock has a market cap of $1.87 billion, a P/E ratio of 11.66 and a beta of 0.08.

Horace Mann Educators (NYSE:HMN) last released its quarterly earnings data on Monday, April 3rd. The insurance provider reported $1.18 earnings per share (EPS) for the quarter. The company had revenue of $330.60 million during the quarter. Horace Mann Educators had a net margin of 9.79% and a return on equity of 15.69%. Sell-side analysts predict that Horace Mann Educators will post 3.87 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have commented on HMN. Weiss Ratings restated a “buy (b)” rating on shares of Horace Mann Educators in a research note on Friday, October 31st. Wall Street Zen lowered Horace Mann Educators from a “buy” rating to a “hold” rating in a report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.75.

About Horace Mann Educators

Horace Mann Educators Corporation, together with its subsidiaries, operates as an insurance holding company in the United States. The company operates through Property & Casualty, Life & Retirement, and Supplemental & Group Benefits segments. Its Property & Casualty segment offers insurance products, including private passenger auto insurance, residential home insurance, and personal umbrella insurance; and provides auto coverages including liability and collision, and property coverage for homeowners and renters.