Don’t Ignore The Fact That This Insider Just Sold Some Shares In Horace Mann Educators Corporation (NYSE:HMN)

We’d be surprised if Horace Mann Educators Corporation (NYSE:HMN) shareholders haven’t noticed that the President, Marita Zuraitis, recently sold US$406k worth of stock at US$40.63 per share. That sale was 12% of their holding, so it does make us raise an eyebrow.

View our latest analysis for Horace Mann Educators

The Last 12 Months Of Insider Transactions At Horace Mann Educators

In fact, the recent sale by Marita Zuraitis was the biggest sale of Horace Mann Educators shares made by an insider individual in the last twelve months, according to our records. That means that an insider was selling shares at around the current price of US$39.68. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. In this case, the big sale took place at around the current price, so it’s not too bad (but it’s still not a positive).

Insiders in Horace Mann Educators didn’t buy any shares in the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

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NYSE:HMN Insider Trading Volume August 17th 2020

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).

Does Horace Mann Educators Boast High Insider Ownership?

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. Our data indicates that Horace Mann Educators insiders own about US$8.2m worth of shares (which is 0.5% of the company). Overall, this level of ownership isn’t that impressive, but it’s certainly better than nothing!

So What Do The Horace Mann Educators Insider Transactions Indicate?

An insider sold Horace Mann Educators shares recently, but they didn’t buy any. And there weren’t any purchases to give us comfort, over the last year. Insiders own relatively few shares in the company, and when you consider the sales, we’re not particularly excited about the stock. We’d certainly practice some caution before buying! While we like knowing what’s going on with the insider’s ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. To assist with this, we’ve discovered 2 warning signs that you should run your eye over to get a better picture of Horace Mann Educators.

But note: Horace Mann Educators may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

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This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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