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SPRINGFIELD, IL — Marita Zuraitis, President and CEO of Horace Mann Educators Corp (NYSE:HMN), a $1.77 billion market cap company with a GOOD financial health rating according to InvestingPro, recently sold 5,000 shares of the company’s common stock. The transaction, executed on June 2, 2025, was made under a pre-established Rule 10b5-1 trading plan adopted by Zuraitis in November 2024.
The shares were sold at a price of $43.24 each, totaling $216,200. The transaction occurred near the stock’s 52-week high of $44.44, with InvestingPro analysis suggesting the stock is currently undervalued. Following this sale, Zuraitis retains ownership of 310,451.252 shares in the company, which includes 209,137.252 vested restricted stock units and 101,314 shares of common stock.
Investors often scrutinize such transactions for insights into executive sentiment and company performance. The use of a Rule 10b5-1 plan indicates that the sale was planned in advance, potentially to avoid any conflict of interest or insider trading concerns. The company maintains strong fundamentals, with a 3.22% dividend yield and a 15-year streak of dividend increases, as revealed by InvestingPro’s comprehensive analysis.
In other recent news, Horace Mann Educators Corporation announced a significant extension of its credit agreement with PNC Bank, pushing the termination date to May 19, 2030. This amendment, which replaces the Eurodollar-based interest rate benchmark with a Term SOFR Rate, ensures the company’s financial flexibility for the next five years. Additionally, the company revealed outcomes from its Annual Meeting of Shareholders, where nine directors were elected, executive compensation was approved, and KPMG LLP was ratified as the auditor for the upcoming fiscal year. Analysts at JMP maintained a Market Perform rating on Horace Mann, noting the company’s efforts to achieve target margins in the property and casualty insurance sector by 2025. Meanwhile, Raymond (NSE:RYMD) James raised its price target for Horace Mann shares to $49, maintaining a Strong Buy rating, citing the company’s solid distribution network and ambitious financial goals. Furthermore, Horace Mann authorized a new share repurchase program of up to $50 million, aiming to enhance shareholder value. The company has repurchased $130.9 million in shares since 2011, and this new program will be conducted based on market conditions. These developments reflect Horace Mann’s strategic initiatives and commitment to growth and shareholder value.
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