Steve Hassenmiller Sells 3,000 Shares of Horace Mann Educators Co. (HMN) Stock

Horace Mann Educators Co. (NYSE:HMN) Director Steve Hassenmiller sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $40.39, for a total transaction of $121,170.00. Following the transaction, the director now owns 27,664 shares in the company, valued at $1,117,348.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

NYSE:HMN opened at $38.03 on Thursday. Horace Mann Educators Co. has a 1-year low of $37.37 and a 1-year high of $47.50. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.04 and a current ratio of 0.04. The firm has a market capitalization of $1.56 billion, a P/E ratio of 21.86 and a beta of 0.87.

Horace Mann Educators (NYSE:HMN) last issued its earnings results on Tuesday, October 30th. The insurance provider reported $0.25 EPS for the quarter, topping the consensus estimate of $0.18 by $0.07. The company had revenue of $311.40 million for the quarter. Horace Mann Educators had a net margin of 13.48% and a return on equity of 4.63%. Analysts forecast that Horace Mann Educators Co. will post 1.58 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Monday, December 17th will be given a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a dividend yield of 3.00%. Horace Mann Educators’s payout ratio is currently 65.52%.

Hedge funds and other institutional investors have recently modified their holdings of the business. Brown Advisory Inc. purchased a new stake in shares of Horace Mann Educators during the 2nd quarter worth $639,000. First Trust Advisors LP raised its stake in Horace Mann Educators by 903.2% in the 2nd quarter. First Trust Advisors LP now owns 106,048 shares of the insurance provider’s stock valued at $4,730,000 after purchasing an additional 95,477 shares during the last quarter. Heartland Advisors Inc. raised its stake in Horace Mann Educators by 43.6% in the 2nd quarter. Heartland Advisors Inc. now owns 162,728 shares of the insurance provider’s stock valued at $7,258,000 after purchasing an additional 49,440 shares during the last quarter. Citadel Advisors LLC raised its stake in Horace Mann Educators by 16.1% in the 2nd quarter. Citadel Advisors LLC now owns 85,591 shares of the insurance provider’s stock valued at $3,818,000 after purchasing an additional 11,878 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in Horace Mann Educators by 1.2% in the 3rd quarter. Victory Capital Management Inc. now owns 2,134,506 shares of the insurance provider’s stock valued at $95,839,000 after purchasing an additional 24,943 shares during the last quarter.

A number of equities analysts have recently issued reports on HMN shares. Zacks Investment Research upgraded shares of Horace Mann Educators from a “sell” rating to a “hold” rating in a research report on Wednesday, October 10th. ValuEngine lowered shares of Horace Mann Educators from a “buy” rating to a “hold” rating in a research report on Thursday, November 15th.

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About Horace Mann Educators

Horace Mann Educators Corporation, through its subsidiaries, operates as a multiline insurance company in the United States. The Company operates Property and Casualty Insurance, Annuity Products, and Life Insurance segments. It underwrites and markets personal lines of property and casualty insurance, including personal lines automobile and property insurance products; retirement products, such as tax-qualified annuities; and life insurance products.

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