In a recent transaction on March 26, Kimberly A. Johnson, Senior Vice President & Controller at Horace Mann Educators Corp (NYSE:HMN), sold 5,000 shares of the company's common stock. The total value of the stock sold amounted to $180,000, with each share priced at $36.00.
This sale has adjusted Johnson's direct holdings in the company, leaving her with a total of 21,673.826 shares. According to the filing, this figure includes 18,634.540 vested restricted stock units along with 3,039.286 shares of common stock.
The transaction was publicly disclosed through a Form 4 filing with the Securities and Exchange Commission, which was signed by attorney Linea K. Michael on behalf of Johnson, indicating the completion of the sale on the following day, March 27.
Investors and market watchers often keep an eye on insider transactions such as these for insights into executive sentiment about their company's stock. For Horace Mann Educators Corp, this recent sale by a top executive might be noted by the market as it reflects activity by those with intimate knowledge of the company.
InvestingPro Insights
As investors evaluate the implications of the insider sale at Horace Mann Educators Corp (NYSE:HMN), examining the company's financial health and market performance through real-time data can provide a broader context. According to InvestingPro, Horace Mann Educators Corp has some notable financial metrics and projections that shareholders might consider.
InvestingPro Data reveals that Horace Mann has a market capitalization of approximately $1.49 billion and maintains a Price/Earnings (P/E) ratio of 33.38, which has slightly adjusted from the last twelve months as of Q4 2023 when it was 32.92. Despite a relatively high earnings multiple, the company's PEG ratio, which measures the P/E ratio relative to its growth, stands at a low 0.25, suggesting that its earnings growth could be undervalued.
Moreover, the company's revenue growth for the last twelve months as of Q4 2023 was 7.98%, with a significant quarterly increase of 16.31% in Q4 2023. This financial performance is underlined by a robust dividend yield of 3.77%, and it's worth noting that Horace Mann has a track record of raising its dividend for 14 consecutive years.
Among the InvestingPro Tips, it's highlighted that analysts expect net income to grow this year, which aligns with the company's recent revenue growth figures. In addition, Horace Mann's liquid assets exceed its short-term obligations, indicating a strong liquidity position. While three analysts have revised their earnings expectations downwards for the upcoming period, the company is still predicted to be profitable, as it has been over the last twelve months.
For those looking to delve deeper into Horace Mann's financial analysis and stock performance, InvestingPro offers additional insights and tips. With a total of 9 InvestingPro Tips available for HMN, investors can gain a more comprehensive understanding of the company's prospects and valuation. To access these insights, investors can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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