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Horace Mann Board of Directors authorizes new $50 million share repurchase program

1. HMN announced a $50 million share repurchase program. 2. Total repurchases since 2011 reach $130.9 million, indicating strong shareholder commitment.

Shares Buyback
-1.79%Current Return
VS
+0.79%S&P 500
$42.205/13 09:30 AM EDTEvent Start
$41.44505/14 04:09 PM EDTLatest Updated
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FAQ

Why Bullish?

Share buybacks generally signal confidence in future performance, as seen in similar companies like AAPL and MSFT, which historically have seen stock price increases following buyback announcements. This could enhance shareholder value and potentially lead to a price uptick for HMN.

How important is it?

The share repurchase program is likely to affect investor perception positively and indicates a strong commitment to shareholder return, indicating higher probabilities of immediate interest from current and potential investors.

Why Short Term?

Market reactions to share buyback announcements often reflect immediate investor sentiment, as evidenced in prior announcements of similar nature leading to swift stock price reactions.

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SPRINGFIELD, Ill.--(BUSINESS WIRE)--Horace Mann Educators Corporation (NYSE:HMN) today announced its Board of Directors has authorized a new share repurchase program of up to $50 million. Under previous authorizations, through May 9, the company had repurchased a total of $130.9 million since 2011. “Horace Mann remains committed to driving long-term shareholder value creation,” said Horace Mann President and CEO Marita Zuraitis. “Today, whether educators are receiving benefits through work; buy.

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