Horace Mann Educators Co. to Issue Quarterly Dividend of $0.34 (NYSE:HMN)

Horace Mann Educators Co. (NYSE:HMN - Get Free Report) announced a quarterly dividend on Wednesday, May 22nd, Wall Street Journal reports. Investors of record on Thursday, June 13th will be paid a dividend of 0.34 per share by the insurance provider on Friday, June 28th. This represents a $1.36 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date is Thursday, June 13th.

Horace Mann Educators has increased its dividend payment by an average of 3.2% per year over the last three years and has increased its dividend annually for the last 16 consecutive years. Horace Mann Educators has a payout ratio of 35.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Horace Mann Educators to earn $3.73 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 36.5%.

Horace Mann Educators Trading Down 1.5 %

Shares of NYSE:HMN traded down $0.51 during trading on Thursday, reaching $33.64. 142,602 shares of the company were exchanged, compared to its average volume of 216,075. The business's fifty day simple moving average is $35.89 and its 200-day simple moving average is $34.85. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.08 and a quick ratio of 0.08. Horace Mann Educators has a 12-month low of $27.81 and a 12-month high of $39.25. The firm has a market capitalization of $1.38 billion, a PE ratio of 21.56 and a beta of 0.26.

Insider Buying and Selling

In related news, General Counsel Donald M. Carley sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $35.11, for a total value of $175,550.00. Following the sale, the general counsel now owns 29,627 shares in the company, valued at $1,040,203.97. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Horace Mann Educators news, General Counsel Donald M. Carley sold 5,000 shares of Horace Mann Educators stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $35.11, for a total transaction of $175,550.00. Following the completion of the transaction, the general counsel now owns 29,627 shares in the company, valued at approximately $1,040,203.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Marita Zuraitis sold 1,250 shares of the company's stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $37.00, for a total value of $46,250.00. Following the completion of the sale, the chief executive officer now owns 304,483 shares in the company, valued at approximately $11,265,871. The disclosure for this sale can be found here. Insiders sold 21,529 shares of company stock worth $769,293 in the last 90 days. Insiders own 3.80% of the company's stock.

Analyst Upgrades and Downgrades

HMN has been the subject of several recent research reports. StockNews.com downgraded Horace Mann Educators from a "buy" rating to a "hold" rating in a report on Tuesday, April 16th. Piper Sandler dropped their price objective on shares of Horace Mann Educators from $39.00 to $37.00 and set a "neutral" rating on the stock in a research note on Friday, May 10th. Keefe, Bruyette & Woods upgraded Horace Mann Educators from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $33.00 to $40.00 in a report on Monday, January 29th. Finally, TheStreet upgraded Horace Mann Educators from a "c" rating to a "b" rating in a report on Wednesday, February 7th.

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.