Beverley J. McClure, a director at Horace Mann Educators Corp (NYSE:HMN), a $1.55 billion market cap education-focused financial services company, recently sold 2,817 shares of the company's common stock. The shares were sold at an average price of $38.36, totaling approximately $108,051. This transaction was conducted under a Rule 10b5-1 trading plan that McClure adopted on August 12, 2024. According to InvestingPro analysis, HMN currently trades below its Fair Value, with strong fundamentals including a P/E ratio of 15 and an impressive track record of raising dividends for 15 consecutive years. Following this sale, McClure holds 16,352.447 shares, which include both vested restricted stock units and common stock. The company maintains robust financial health with a current ratio of 2.82, demonstrating strong liquidity. For deeper insights into HMN's valuation and 12+ additional exclusive ProTips, visit InvestingPro.
In other recent news, Horace Mann Educators Corp. has reported a significant growth in its third quarter of 2024, with core earnings jumping by 73% to $31.3 million and revenues increasing by 9%. This robust performance occurred despite a $22.5 million impact from Hurricane Helene. The company also highlighted improvements in loss ratios and sales growth in Auto, Life, and Individual Supplemental Lines. Meanwhile, Keefe, Bruyette & Woods has adjusted their stance on Horace Mann, downgrading the stock from Outperform to Market Perform, but raising the price target to $44.00. The firm also increased its earnings per share (EPS) estimates for Horace Mann through 2026, taking into account better-than-expected performance. The revised EPS expectations are based on anticipated higher income from the Property & Casualty and Supplemental & Group Benefits sectors. These are among the recent developments for Horace Mann Educators Corp.
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