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Horace Mann Educators Co. (NYSE:HMN) Plans Quarterly Dividend of $0.32

kopsource · Sep 7, 2022 17:42

Horace Mann Educators Co. (NYSE:HMN – Get Rating) declared a quarterly dividend on Wednesday, September 7th, Wall Street Journal reports. Shareholders of record on Friday, September 16th will be given a dividend of 0.32 per share by the insurance provider on Friday, September 30th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date of this dividend is Thursday, September 15th.

Horace Mann Educators has increased its dividend by an average of 2.8% annually over the last three years and has increased its dividend every year for the last 14 years. Horace Mann Educators has a dividend payout ratio of 34.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Horace Mann Educators to earn $3.50 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 36.6%.

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Horace Mann Educators Price Performance

Shares of HMN stock traded up $0.63 during mid-day trading on Wednesday, hitting $35.66. The company had a trading volume of 203,432 shares, compared to its average volume of 233,850. Horace Mann Educators has a 52-week low of $32.60 and a 52-week high of $42.95. The stock's 50 day moving average price is $36.22 and its 200-day moving average price is $38.57. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.11 and a quick ratio of 0.11. The company has a market capitalization of $1.46 billion, a P/E ratio of 25.02 and a beta of 0.43.

Horace Mann Educators (NYSE:HMN – Get Rating) last released its earnings results on Thursday, August 4th. The insurance provider reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.15. Horace Mann Educators had a net margin of 4.34% and a return on equity of 5.54%. The firm had revenue of $346.30 million for the quarter, compared to the consensus estimate of $349.70 million. During the same quarter in the previous year, the firm earned $1.02 earnings per share. The company's quarterly revenue was down .2% compared to the same quarter last year. Equities research analysts forecast that Horace Mann Educators will post 2.1 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on HMN. Piper Sandler raised shares of Horace Mann Educators from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $38.00 to $42.00 in a report on Friday, August 19th. TheStreet downgraded shares of Horace Mann Educators from a "b-" rating to a "c" rating in a research note on Thursday, August 4th.

Insider Activity

In other news, EVP Matthew P. Sharpe sold 3,500 shares of the company's stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $34.43, for a total value of $120,505.00. Following the transaction, the executive vice president now directly owns 74,386 shares in the company, valued at $2,561,109.98. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 3.20% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Point72 Hong Kong Ltd purchased a new position in shares of Horace Mann Educators in the 2nd quarter valued at approximately $83,000. Captrust Financial Advisors raised its position in shares of Horace Mann Educators by 37.9% in the 1st quarter. Captrust Financial Advisors now owns 3,882 shares of the insurance provider's stock valued at $162,000 after purchasing an additional 1,066 shares during the last quarter. APG Asset Management N.V. purchased a new position in shares of Horace Mann Educators in the 1st quarter valued at approximately $211,000. Eaton Vance Management raised its position in shares of Horace Mann Educators by 50.2% in the 1st quarter. Eaton Vance Management now owns 5,781 shares of the insurance provider's stock valued at $242,000 after purchasing an additional 1,932 shares during the last quarter. Finally, Keeley Teton Advisors LLC purchased a new position in Horace Mann Educators during the 1st quarter worth approximately $251,000.

Horace Mann Educators Company Profile

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Horace Mann Educators Corporation, together with its subsidiaries, operates as an insurance holding company in the United States. It operates in three segments: Property & Casualty, Life & Retirement, and Supplemental & Group Benefits. The company underwrites and markets personal lines of property and casualty insurance, including personal lines auto and property insurance products; supplemental insurance products, which include cancer, heart, hospital, supplemental disability, and accident coverages; retirement products, such as tax-qualified fixed and variable annuities; and life insurance products comprising whole life and term, as well as indexed universal life insurance products.