Horace Mann Educators Corporation (NYSE:HMN) Increases Dividend to $0.36 Per Share

Horace Mann Educators Corporation (NYSE:HMN) announced 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) annualized dividend and a yield of 3.2%. The ex-dividend date 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 increased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 17 years. Horace Mann Educators has a dividend payout ratio of 31.7% indicating that its dividend is sufficiently covered by earnings. Equities 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 Performance

Shares of Horace Mann Educators stock traded up $0.92 on Monday, reaching $44.43. 243,392 shares of the stock were exchanged, compared to its average volume of 247,497. Horace Mann Educators has a twelve month low of $38.76 and a twelve month high of $48.33. The company has a quick ratio of 0.10, a current ratio of 0.12 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 11.39 and a beta of 0.06. The business has a 50 day moving average price of $44.03 and a two-hundred day moving average price of $44.91.

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

Insider Transactions at Horace Mann Educators

In related news, Director Victor Fetter acquired 3,500 shares of Horace Mann Educators stock in a transaction on Wednesday, February 25th. The stock was purchased at an average cost of $42.73 per share, with a total value of $149,555.00. Following the purchase, the director directly owned 22,292 shares in the company, valued at approximately $952,537.16. The trade was a 18.62% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 4.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Horace Mann Educators

Several hedge funds have recently modified their holdings of HMN. Ameriprise Financial Inc. grew its stake in Horace Mann Educators by 51.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 663,520 shares of the insurance provider’s stock valued at $29,971,000 after acquiring an additional 225,800 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Horace Mann Educators by 43.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 732,958 shares of the insurance provider’s stock valued at $31,495,000 after purchasing an additional 220,275 shares in the last quarter. Millennium Management LLC grew its position in shares of Horace Mann Educators by 310.0% in the third quarter. Millennium Management LLC now owns 275,109 shares of the insurance provider’s stock valued at $12,427,000 after purchasing an additional 208,014 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Horace Mann Educators by 33.1% during the 2nd quarter. American Century Companies Inc. now owns 732,010 shares of the insurance provider’s stock worth $31,454,000 after purchasing an additional 181,872 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of Horace Mann Educators by 32.0% during the 3rd quarter. Invesco Ltd. now owns 645,659 shares of the insurance provider’s stock worth $29,164,000 after purchasing an additional 156,652 shares in the last quarter. 99.28% of the stock is owned by institutional investors and hedge funds.

About Horace Mann Educators

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.