Horace Mann Educators Co. Announces $0.25 Quarterly Dividend (HMN)
September 4, 2015 by Doug Madison
Horace Mann Educators (NYSE:HMN) announced a quarterly dividend on Friday, September 4th, MarketBeat.Com reports. Investors of record on Wednesday, September 16th will be given a dividend of 0.25 per share on Wednesday, September 30th. This represents a $1.00 annualized dividend and a dividend yield of 3.11%.
Shares of Horace Mann Educators (NYSE:HMN) traded down 1.32% during trading on Friday, hitting $32.16. 103,921 shares of the stock were exchanged. Horace Mann Educators has a 1-year low of $28.11 and a 1-year high of $38.01. The company has a market cap of $1.32 billion and a P/E ratio of 12.86. The firm’s 50-day moving average is $34.66 and its 200 day moving average is $34.64.
Horace Mann Educators (NYSE:HMN) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.36 EPS for the quarter, missing the Zacks’ consensus estimate of $0.54 by $0.18. The firm had revenue of $268.50 million for the quarter, compared toanalys
estimates of $266.85 million. During the same quarter in the previous year, the company posted $0.43 earnings per share. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. Equities analysts forecast that Horace Mann Educators will post $2.28 earnings per share for the current fiscal year.
HMN has been the subject of several recent analyst reports. Zacks upgraded shares of Horace Mann Educators from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Friday, June 19th. Keefe, Bruyette & Woods dropped their price objective on shares of Horace Mann Educators from $37.00 to $35.00 and set a “market perform” rating for the company in a research note on Thursday, July 30th.
Horace Mann Educators Corporation(NYSE:HMN) 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. The Company operates through three business segments: Property and Casualty, Annuity and Life. The Company’s Property and Casualty Segment offers private passenger automobile insurance. HMEC’s Annuity Segment markets both fixed and variable annuity contracts, primarily on a tax-qualified basis. The Company’s Life Segment offers traditional term and whole life insurance products.
