Insider Selling: Horace Mann Educators Co. (HMN) Director Sells 3,000 Shares of Stock

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Horace Mann Educators Co. (NYSE:HMN) Director Steve Hassenmiller sold 3,000 shares of the business’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $46.05, for a total transaction of $138,150.00. Following the sale, the director now owns 30,664 shares in the company, valued at $1,412,077.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

HMN stock opened at $46.70 on Friday. Horace Mann Educators Co. has a 52 week low of $33.95 and a 52 week high of $47.65. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 26.84 and a beta of 0.75. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.06 and a current ratio of 0.06.

Horace Mann Educators (NYSE:HMN) last released its quarterly earnings results on Thursday, August 2nd. The insurance provider reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). Horace Mann Educators had a return on equity of 5.90% and a net margin of 14.89%. The company had revenue of $306.20 million for the quarter. research analysts expect that Horace Mann Educators Co. will post 1.95 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be given a dividend of $0.285 per share. The ex-dividend date is Thursday, September 13th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.44%. Horace Mann Educators’s dividend payout ratio (DPR) is 65.52%.

Several hedge funds have recently added to or reduced their stakes in HMN. Integrated Investment Consultants LLC bought a new stake in shares of Horace Mann Educators during the 2nd quarter worth about $164,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Horace Mann Educators by 62.6% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,274 shares of the insurance provider’s stock worth $183,000 after purchasing an additional 1,645 shares in the last quarter. Ingalls & Snyder LLC bought a new stake in shares of Horace Mann Educators in the 2nd quarter worth approximately $203,000. Xact Kapitalforvaltning AB bought a new stake in shares of Horace Mann Educators in the 1st quarter worth approximately $339,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Horace Mann Educators in the 2nd quarter worth approximately $386,000. Institutional investors own 99.30% of the company’s stock.

Separately, Zacks Investment Research upgraded shares of Horace Mann Educators from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research report on Wednesday, July 18th.

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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