Horace Mann Educators Corporation (NYSE:HMN) declared a quarterly dividend on Wednesday, December 6th, RTT News reports. Stockholders of record on Monday, December 18th will be paid a dividend of 0.275 per share by the insurance provider on Friday, December 29th. This represents a $1.10 annualized dividend and a dividend yield of 2.38%.

Horace Mann Educators has increased its dividend payment by an average of 10.8% per year over the last three years and has increased its dividend every year for the last 8 years. Horace Mann Educators has a dividend payout ratio of 64.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Horace Mann Educators to earn $2.30 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 47.8%.

Shares of Horace Mann Educators (NYSE:HMN) traded down $0.25 during mid-day trading on Wednesday, hitting $46.30. The stock had a trading volume of 101,700 shares, compared to its average volume of 158,401. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.18. The firm has a market cap of $1,893.06, a P/E ratio of 29.09 and a beta of 1.17. Horace Mann Educators has a twelve month low of $33.85 and a twelve month high of $47.65.

Horace Mann Educators (NYSE:HMN) last announced its earnings results on Tuesday, October 24th. The insurance provider reported $0.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.47. Horace Mann Educators had a return on equity of 4.94% and a net margin of 5.56%. The business had revenue of $289.80 million during the quarter, compared to the consensus estimate of $293.10 million. During the same period in the prior year, the company posted $0.58 EPS. The business’s quarterly revenue was down .5% on a year-over-year basis. research analysts forecast that Horace Mann Educators will post 1.7 EPS for the current year.

In related news, Director Robert Stricker sold 3,829 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $45.75, for a total transaction of $175,176.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.40% of the stock is currently owned by insiders.

HMN has been the subject of several research reports. Keefe, Bruyette & Woods reiterated a “sell” rating and set a $35.00 price target on shares of Horace Mann Educators in a research report on Friday, August 18th. TheStreet cut Horace Mann Educators from a “b” rating to a “c+” rating in a research report on Monday, August 28th. BidaskClub upgraded Horace Mann Educators from a “strong sell” rating to a “sell” rating in a research report on Friday, August 11th. Finally, Zacks Investment Research upgraded Horace Mann Educators from a “sell” rating to a “hold” rating in a research report on Friday, October 27th.

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Horace Mann Educators Company Profile

Horace Mann Educators Corporation (HMEC) is an insurance holding company. Through its subsidiaries, HMEC markets and underwrites personal lines of property and casualty (primarily personal lines automobile and homeowners) insurance, retirement annuities (primarily tax-qualified products) and life insurance in the United States.

Dividend History for Horace Mann Educators (NYSE:HMN)

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