Horace Mann Educators Corporation (HMN) To Go Ex-Dividend on September 16th

Horace Mann Educators Corporation (NYSE:HMN) declared a quarterly dividend on Monday, August 31st. Investors of record on Wednesday, September 16th will be paid a dividend of 0.36 per share by the insurance provider on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Wednesday, September 16th.

Horace Mann Educators has increased its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 17 years. Horace Mann Educators has a payout ratio of 32.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Horace Mann Educators to earn $5.25 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 27.4%.

Horace Mann Educators Stock Performance

Shares of HMN opened at $48.66 on Monday. The stock has a 50-day moving average of $51.68 and a two-hundred day moving average of $47.75. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.08 and a current ratio of 0.08. The stock has a market cap of $1.97 billion, a P/E ratio of 11.37 and a beta of 0.08. Horace Mann Educators has a one year low of $41.29 and a one year high of $55.56.

Horace Mann Educators (NYSE:HMN) last issued its earnings results on Wednesday, August 5th. The insurance provider reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.38. The firm had revenue of $443.50 million during the quarter, compared to analysts’ expectations of $321.70 million. Horace Mann Educators had a net margin of 10.15% and a return on equity of 14.08%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.06 earnings per share. Horace Mann Educators has set its FY 2026 guidance at 4.600-4.900 EPS. As a group, research analysts predict that Horace Mann Educators will post 4.78 EPS for the current year.

Insider Transactions at Horace Mann Educators

In other news, Director Perry Hines sold 3,237 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $52.22, for a total value of $169,036.14. Following the transaction, the director directly owned 25,118 shares of the company’s stock, valued at approximately $1,311,661.96. This trade represents a 11.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Marita Zuraitis sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $50.99, for a total transaction of $382,425.00. Following the completion of the transaction, the chief executive officer directly owned 299,629 shares in the company, valued at $15,278,082.71. This trade represents a 2.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 27,791 shares of company stock valued at $1,443,719 over the last 90 days. 3.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Horace Mann Educators

Institutional investors and hedge funds have recently bought and sold shares of the stock. Corient Private Wealth LP increased its holdings in Horace Mann Educators by 0.5% in the 2nd quarter. Corient Private Wealth LP now owns 45,691 shares of the insurance provider’s stock worth $2,360,000 after purchasing an additional 226 shares in the last quarter. Captrust Financial Advisors boosted its stake in shares of Horace Mann Educators by 3.6% during the second quarter. Captrust Financial Advisors now owns 6,504 shares of the insurance provider’s stock valued at $279,000 after purchasing an additional 229 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Horace Mann Educators by 24.5% during the first quarter. EverSource Wealth Advisors LLC now owns 1,189 shares of the insurance provider’s stock worth $51,000 after purchasing an additional 234 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in shares of Horace Mann Educators by 1.2% during the second quarter. CANADA LIFE ASSURANCE Co now owns 36,774 shares of the insurance provider’s stock worth $1,580,000 after purchasing an additional 431 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Horace Mann Educators by 8.7% in the second quarter. GAMMA Investing LLC now owns 5,973 shares of the insurance provider’s stock valued at $309,000 after buying an additional 477 shares during the period. 99.28% of the stock is currently owned by hedge funds and other institutional investors.

Horace Mann Educators Company Profile

Horace Mann Educators Corporation (NYSE: HMN) is an insurance and financial services company focused on serving educators and other employees of public schools. Founded in 1945 by educators in Springfield, Illinois, the company has built its business around the insurance and financial needs of the education community.

Through its operating subsidiaries, Horace Mann provides personal lines insurance products, including automobile and homeowners insurance, as well as life insurance and supplemental insurance.