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Beverley J. McClure, a director at Horace Mann Educators Corp (NYSE:HMN), recently sold 2,816 shares of the company’s common stock. The transaction, which took place on April 1, was executed under a pre-established Rule 10b5-1 trading plan adopted in August 2024. The sale comes as HMN trades near its 52-week high of $43.69, with the stock showing strong momentum, up nearly 26% over the past six months.
The shares were sold at a weighted average price of $42.8559, with individual transaction prices ranging from $42.40 to $43.39, resulting in a total sale value of $120,682. Following this transaction, McClure retains ownership of approximately 13,643 shares, which include vested restricted stock units and additional common stock shares.
This sale is part of McClure’s planned trading strategy, and it reflects her ongoing involvement with Horace Mann Educators. The company, headquartered in Springfield, Illinois, operates in the fire, marine, and casualty insurance industry. With a market capitalization of $1.77 billion and a P/E ratio of 17.4, HMN has maintained a strong dividend track record, raising payments for 15 consecutive years. According to InvestingPro, which offers comprehensive analysis and 8 additional key insights about HMN, the company maintains good financial health with strong liquidity metrics.
In other recent news, Horace Mann Educators Corporation reported a significant increase in net income for 2024, reaching $102.8 million compared to $45.0 million in 2023. This growth was largely attributed to stronger results in auto insurance and higher net investment income, despite higher crediting rates on fixed annuities. Moody’s Ratings affirmed the company’s Baa2 senior unsecured debt rating and A2 insurance financial strength ratings for its subsidiaries, with the outlook revised to stable due to improved underwriting results in property-casualty operations and steady profitability in life insurance. Keefe, Bruyette & Woods raised their price target for Horace Mann shares from $44.00 to $45.00, maintaining a Market Perform rating. They revised earnings per share estimates for 2025 and 2026, citing expected higher income in the Property & Casualty and Supplemental & Group Benefits sectors. Meanwhile, JMP Securities noted potential impacts on insurers from evolving interest rate environments, highlighting that recent Federal Reserve actions could influence investment portfolios. Horace Mann’s strategic outlook and market position were central to discussions in its recent earnings call, contributing to the updated price target. These developments reflect Horace Mann’s ongoing adjustments to market conditions and its financial performance.
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