Horace Mann executive vice president sells $204,204 in stock

SPRINGFIELD, IL—Bret A. Conklin, Executive Vice President of Horace Mann Educators Corp (NYSE:HMN), recently executed a significant stock transaction. According to a recent SEC filing, Conklin sold 4,760 shares of the company’s common stock on June 5, 2025, at a price of $42.90 per share, amounting to a total of $204,204. The transaction comes as HMN trades near its 52-week high of $44.44, with the stock currently valued at $43.13.

In addition to the sale, Conklin exercised stock options to acquire 5,241 shares at an exercise price of $35.98 per share. Following these transactions, Conklin’s direct ownership stands at 58,586.813 shares, with an additional 5,036.418 shares held indirectly through a 401(k) plan. According to InvestingPro, the company maintains strong financial health with a GOOD overall rating and has raised its dividend for 15 consecutive years, currently yielding 3.18%.

These transactions reflect Conklin’s ongoing management of his equity stake in Horace Mann, a company known for providing financial solutions to educators and their families. The company, with a market capitalization of $1.76 billion and a P/E ratio of 15.45, shows solid fundamentals. For deeper insights into HMN’s valuation and growth prospects, investors can access comprehensive analysis through InvestingPro’s detailed research reports.

In other recent news, Horace Mann Educators Corporation has announced several key developments. The company reported an extension of its credit agreement with PNC Bank, pushing the termination date to May 19, 2030, and introducing a new interest rate benchmark. This amendment provides Horace Mann with financial flexibility, as it currently has no outstanding balance under this agreement but has $325 million in available commitments. In another development, Raymond (NSE:RYMD) James raised its price target for Horace Mann shares to $49, maintaining a Strong Buy rating, citing the company’s robust distribution network and customer relationships. Analysts at JMP reiterated a Market Perform rating, noting the company’s adjustments to its property and casualty insurance portfolio aimed at achieving target margins by 2025.

Additionally, Horace Mann authorized a new $50 million share repurchase program as part of its strategy to enhance shareholder value. This follows the company’s history of $130.9 million in repurchases since 2011. The company’s annual meeting of shareholders resulted in the election of nine directors and the approval of executive compensation, along with the ratification of KPMG LLP as the auditors for the fiscal year. Horace Mann also held an Investor Day event, where it outlined ambitious financial goals, including a high single-digit compound annual growth rate in revenue over the next three years. These strategic initiatives and financial plans have been positively received by analysts, reflecting confidence in the company’s future performance.

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