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Marita Zuraitis, President and CEO of HORACE MANN EDUCATORS CORP (NASDAQ:HMN), sold 5,000 shares of common stock on July 1, 2025, at a price of $42.87, for a total transaction value of $214,350. The stock, which has gained over 35% in the past year, currently trades near $42.30. According to InvestingPro analysis, HMN appears undervalued at current levels.
Following the transaction, Zuraitis directly owns 307,154.720 shares of Horace Mann Educators Corp (NYSE:HMN). This amount represents 210,840.720 vested restricted stock units and 96,314 shares of Common Stock. The company, which boasts a market capitalization of $1.72 billion, has maintained dividend payments for 34 consecutive years and currently offers a 3.3% dividend yield.
The sale was executed under a Rule 10b5-1 trading plan adopted on November 18, 2024. The company maintains strong financial health with a current ratio of 3.02, and InvestingPro data shows 6 additional key insights about HMN’s growth potential and financial stability.
In other recent news, Horace Mann Educators Corporation has extended its credit agreement with PNC Bank, moving the termination date to May 19, 2030. This amendment introduces a Term SOFR Rate with an adjustment of ten basis points for each interest period applicable to Term SOFR Rate loans. The extension ensures financial flexibility, with $325 million in available commitments and no outstanding balance. Additionally, Horace Mann announced the results of its Annual Meeting of Shareholders, where nine directors were elected, executive compensation was approved, and KPMG LLP was ratified as the company’s auditor for 2025. Raymond (NSE:RYMD) James has increased its price target for Horace Mann shares to $49, maintaining a Strong Buy rating, citing the company’s solid distribution network and customer relationships. The firm also revised its earnings per share estimates for the upcoming years, reflecting a higher growth outlook. JMP analysts reiterated a Market Perform rating, noting Horace Mann’s efforts to achieve target margins in the property and casualty insurance sector by 2025. Furthermore, Horace Mann has authorized a new $50 million share repurchase program, emphasizing its commitment to shareholder value.
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