Horace Mann Educators Corporation (NYSE:HMN) to Issue Quarterly Dividend of $0.36

Horace Mann Educators Corporation (NYSE:HMN) declared a quarterly dividend on Monday, March 2nd. Shareholders of record on Tuesday, March 17th will be given a dividend of 0.36 per share by the insurance provider on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, March 17th. This is a 2.9% increase from Horace Mann Educators’s previous quarterly dividend of $0.35.

Horace Mann Educators has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 17 consecutive years. Horace Mann Educators has a payout ratio of 31.7% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Up 2.1%

Shares of Horace Mann Educators stock traded up $0.92 on Monday, hitting $44.43. The company had a trading volume of 243,392 shares, compared to its average volume of 247,497. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 11.39 and a beta of 0.06. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.10 and a current ratio of 0.12. Horace Mann Educators has a 1 year low of $38.76 and a 1 year high of $48.33. The stock has a 50 day moving average of $44.03 and a 200-day moving average of $44.91.

Horace Mann Educators (NYSE:HMN) last released its quarterly earnings results on Friday, February 27th. The insurance provider reported $1.21 EPS for the quarter. Horace Mann Educators had a return on equity of 13.92% and a net margin of 9.53%.The business had revenue of $434.80 million during the quarter. As a group, sell-side analysts forecast that Horace Mann Educators will post 3.87 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have weighed in on HMN. Wall Street Zen cut Horace Mann Educators from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Horace Mann Educators in a report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $47.33.

Horace Mann Educators Company Profile

Horace Mann Educators Corporation, based in Springfield, Illinois, specializes in insurance and retirement solutions tailored to educators and school employees across the United States. Founded in 1945, the company partners with public school districts to deliver property and casualty insurance products—including auto, home and liability coverage—through a network of dedicated local agents. Its targeted approach focuses on understanding the unique needs and schedules of teachers, administrators and other school staff, distinguishing its services within the broader insurance market.

In addition to property and casualty offerings, Horace Mann provides life and disability insurance, annuities and retirement plan products designed to help educators plan for financial security beyond their teaching careers.