Horace Mann Educators Corporation Announces Quarterly Dividend of $0.35 (NYSE:HMN)

Key Points

• Horace Mann Educators Corporation announced a quarterly dividend of $0.35 per share, with a dividend yield of 3.0%, scheduled for distribution to investors on September 30th.
• The company reported earnings of $1.06 per share for the last quarter, significantly exceeding analysts' estimates, while its revenue was $302.60 million, below expectations.
• Horace Mann's average analyst rating is "Moderate Buy" with a consensus price target of $46.75, suggesting positive future performance for the stock.

Horace Mann Educators Corporation (NYSE:HMN - Get Free Report) announced a quarterly dividend on Wednesday, September 3rd, RTT News reports. Investors of record on Tuesday, September 16th will be paid a dividend of 0.35 per share by the insurance provider on Tuesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, September 16th.

Horace Mann Educators has a payout ratio of 31.7% meaning its dividend is sufficiently covered by earnings. 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 Trading Down 1.5%

NYSE:HMN traded down $0.72 on Friday, reaching $46.24. The stock had a trading volume of 156,197 shares, compared to its average volume of 184,095. The company has a market cap of $1.88 billion, a price-to-earnings ratio of 13.68 and a beta of 0.27. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.09 and a quick ratio of 0.09. The firm's fifty day moving average is $43.20 and its two-hundred day moving average is $42.35. Horace Mann Educators has a 12-month low of $33.00 and a 12-month high of $47.32.

Horace Mann Educators (NYSE:HMN - Get Free Report) last released its earnings results on Wednesday, August 6th. The insurance provider reported $1.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.45. The company had revenue of $302.60 million for the quarter, compared to analyst estimates of $425.35 million. Horace Mann Educators had a net margin of 8.49% and a return on equity of 14.23%. The firm's quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.20 EPS. Equities analysts expect that Horace Mann Educators will post 3.87 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Raymond James Financial restated a "strong-buy" rating on shares of Horace Mann Educators in a report on Thursday, May 15th. Piper Sandler upped their target price on shares of Horace Mann Educators from $44.00 to $45.00 and gave the company a "neutral" rating in a report on Thursday, July 3rd. Wall Street Zen lowered Horace Mann Educators from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. Finally, BMO Capital Markets set a $48.00 price target on Horace Mann Educators and gave the stock an "outperform" rating in a research note on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $46.75.

Horace Mann Educators Company Profile

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.