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

Horace Mann Educators Co. (NYSE:HMN) declared a quarterly dividend on Tuesday, September 3rd, Wall Street Journal reports. Investors of record on Monday, September 16th will be given a dividend of 0.34 per share by the insurance provider on Monday, September 30th. This represents a $1.36 annualized dividend and a yield of 4.00%. The ex-dividend date is Monday, September 16th.

Horace Mann Educators has raised its dividend by an average of 3.2% annually over the last three years and has raised its dividend every year for the last 16 years. Horace Mann Educators has a dividend payout ratio of 37.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Horace Mann Educators to earn $3.63 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 37.5%.

Horace Mann Educators Stock Up 1.0 %

Horace Mann Educators stock opened at $34.00 on Friday. The firm’s 50 day moving average price is $34.16 and its two-hundred day moving average price is $34.71. The firm has a market cap of $1.39 billion, a PE ratio of 21.79 and a beta of 0.28. Horace Mann Educators has a twelve month low of $28.27 and a twelve month high of $39.25. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.08 and a current ratio of 0.08.

Horace Mann Educators (NYSE:HMN) last released its quarterly earnings data on Wednesday, August 7th. The insurance provider reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. Horace Mann Educators had a return on equity of 7.44% and a net margin of 5.24%. The firm had revenue of $388.10 million during the quarter, compared to analysts’ expectations of $288.67 million. During the same quarter last year, the firm earned $0.03 earnings per share. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, research analysts predict that Horace Mann Educators will post 2.56 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on the stock. Piper Sandler decreased their target price on shares of Horace Mann Educators from $37.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, June 28th. Raymond James assumed coverage on shares of Horace Mann Educators in a report on Tuesday, August 6th. They issued a “strong-buy” rating and a $42.00 price objective for the company. JMP Securities restated a “market perform” rating on shares of Horace Mann Educators in a report on Tuesday, June 18th. Finally, Keefe, Bruyette & Woods lowered their price objective on Horace Mann Educators from $40.00 to $39.00 and set an “outperform” rating on the stock in a report on Tuesday, August 13th. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $38.67.

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.