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SPRINGFIELD, Ill.—Bret A. Conklin, Executive Vice President at Horace Mann Educators Corporation (NYSE:HMN), a $1.75 billion market cap company with a strong financial health rating according to InvestingPro, executed several stock transactions recently, according to a Form 4 filing with the Securities and Exchange Commission. On June 3 and June 4, Conklin sold shares totaling $487,339, with sale prices ranging from $43.11 to $43.785 per share.
In addition to the sales, Conklin exercised stock options, acquiring shares valued at $448,384. The exercise prices for these transactions ranged from $35.39 to $38.99 per share. Following these transactions, Conklin’s direct ownership includes a mix of vested share-based restricted stock units, deferred cash restricted stock units, and common stock shares.
In other recent news, Horace Mann Educators Corporation has amended its credit agreement, extending the termination date from July 2026 to May 2030, as per a recent SEC filing. The company also announced the outcomes of its Annual Meeting of Shareholders, where nine directors were elected, executive compensation was approved, and KPMG LLP was ratified as the independent auditor for the upcoming fiscal year. Analysts at JMP have maintained a Market Perform rating on Horace Mann stock, noting the company’s efforts to achieve target margins in its property and casualty insurance sector by 2025. Meanwhile, 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 ambitious financial goals. Horace Mann has also authorized a new share repurchase program of up to $50 million, furthering its strategy to enhance shareholder value. The company plans to achieve a high single-digit compound annual growth rate in revenue and a return on equity increase to 12-13% within the next three years. Additionally, Horace Mann’s Investor Day in New York City is set to provide insights into strategic initiatives and future plans. These developments demonstrate Horace Mann’s ongoing efforts to strengthen its financial position and shareholder relations.
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