Horace Mann Educators (HMN) Declares $0.33 Dividend
Horace Mann Educators said on May 24, 2023 that its board of directors declared a regular quarterly dividend of $0.33 per share ($1.32 annualized). Previously, the company paid $0.33 per share.
Shares must be purchased before the ex-div date of June 14, 2023 to qualify for the dividend. Shareholders of record as of June 15, 2023 will receive the payment on June 30, 2023.
At the current share price of $30.72 / share, the stock's dividend yield is 4.30%.
Looking back five years and taking a sample every week, the average dividend yield has been 3.09%, the lowest has been 2.42%, and the highest has been 4.18%. The standard deviation of yields is 0.38 (n=236).
The current dividend yield is 3.16 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is -3.31. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.10%, demonstrating that it has increased its dividend over time.
Learn to Harvest Dividends
Buy Stock. Capture Dividend. Sell Stock. Repeat. This is the essence of dividend harvesting and you can do it easily with Fintel's Dividend Capture Calendar.
What is the Fund Sentiment?
There are 469 funds or institutions reporting positions in Horace Mann Educators. This is a decrease of 16 owner(s) or 3.30% in the last quarter. Average portfolio weight of all funds dedicated to HMN is 0.15%, a decrease of 13.37%. Total shares owned by institutions increased in the last three months by 3.55% to 53,215K shares. 
The put/call ratio of HMN is 0.00, indicating a bullish outlook.
Analyst Price Forecast Suggests 21.19% Upside
As of May 11, 2023, the average one-year price target for Horace Mann Educators is 37.23. The forecasts range from a low of 36.36 to a high of $38.85. The average price target represents an increase of 21.19% from its latest reported closing price of 30.72.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Horace Mann Educators is 1,477MM, an increase of 6.25%. The projected annual non-GAAP EPS is 3.30.
What are Other Shareholders Doing?
Earnest Partners holds 3,101K shares representing 7.59% ownership of the company. In it's prior filing, the firm reported owning 3,051K shares, representing an increase of 1.60%. The firm decreased its portfolio allocation in HMN by 14.08% over the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 2,732K shares representing 6.69% ownership of the company. No change in the last quarter.
Franklin Resources holds 2,518K shares representing 6.17% ownership of the company. In it's prior filing, the firm reported owning 2,657K shares, representing a decrease of 5.52%. The firm decreased its portfolio allocation in HMN by 81.82% over the last quarter.
Fuller & Thaler Asset Management holds 2,234K shares representing 5.47% ownership of the company. In it's prior filing, the firm reported owning 1,473K shares, representing an increase of 34.05%. The firm increased its portfolio allocation in HMN by 23.38% over the last quarter.
FRVLX - Franklin Small Cap Value Fund holds 1,842K shares representing 4.51% ownership of the company. No change in the last quarter.
Horace Mann Educators Background Information
(This description is provided by the company.)
Horace Mann is the largest financial services company focused on providing America's educators and school employees with insurance and retirement solutions. Founded by Educators for Educators® in 1945, the company is headquartered in Springfield, Ill.
Key filings for this company:
This story originally appeared on Fintel.