Horace Mann Educators Co. (NYSE:HMN) SVP Michael Weckenbrock Sells 1,600 Shares

Horace Mann Educators Co. (NYSE:HMN – Get Rating) SVP Michael Weckenbrock sold 1,600 shares of Horace Mann Educators stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $32.82, for a total transaction of $52,512.00. Following the sale, the senior vice president now directly owns 5,424 shares in the company, valued at approximately $178,015.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Horace Mann Educators Price Performance

Shares of HMN stock opened at $32.65 on Tuesday. The firm has a market cap of $1.33 billion, a P/E ratio of -125.58 and a beta of 0.40. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.10 and a quick ratio of 0.10. Horace Mann Educators Co. has a 1-year low of $30.61 and a 1-year high of $42.24. The firm has a fifty day moving average of $32.91 and a two-hundred day moving average of $35.54.

Horace Mann Educators Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Thursday, March 16th were issued a $0.33 dividend. The ex-dividend date of this dividend was Wednesday, March 15th. This is a positive change from Horace Mann Educators’s previous quarterly dividend of $0.32. This represents a $1.32 annualized dividend and a dividend yield of 4.04%. Horace Mann Educators’s payout ratio is -507.69%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Assetmark Inc. boosted its holdings in shares of Horace Mann Educators by 29.8% in the 3rd quarter. Assetmark Inc. now owns 1,350 shares of the insurance provider’s stock valued at $48,000 after buying an additional 310 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in shares of Horace Mann Educators by 246.2% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 1,890 shares of the insurance provider’s stock valued at $66,000 after buying an additional 1,344 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Horace Mann Educators by 675.6% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,094 shares of the insurance provider’s stock valued at $70,000 after buying an additional 1,824 shares during the period. Point72 Hong Kong Ltd acquired a new position in shares of Horace Mann Educators in the 2nd quarter valued at about $83,000. Finally, US Bancorp DE boosted its holdings in shares of Horace Mann Educators by 1,729.3% in the 1st quarter. US Bancorp DE now owns 3,055 shares of the insurance provider’s stock valued at $102,000 after buying an additional 2,888 shares during the period.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on HMN. StockNews.com began coverage on shares of Horace Mann Educators in a report on Thursday, May 18th. They set a “hold” rating for the company. Piper Sandler decreased their price objective on shares of Horace Mann Educators from $38.00 to $36.00 in a report on Wednesday, April 5th.

Horace Mann Educators Company Profile

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Horace Mann Educators Corp. is an insurance holding company, which engages in the provision of insurance and retirement solutions to educators and school employees. It operates through the following business segments: Property and Casualty, Supplemental, Retirement, Life, and Corporate and Other. The Property and Casualty segment focuses on personal lines of automobile and property insurance products.