Horace Mann Educators Executive VP Donald Carley Sells 31% Of Holding

We'd be surprised if Horace Mann Educators Corporation (NYSE:HMN) shareholders haven't noticed that the Executive VP, Donald Carley, recently sold US$220k worth of stock at US$43.93 per share. That sale was 31% of their holding, so it does make us raise an eyebrow.

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Horace Mann Educators Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider sale was by the Executive Vice President of Finance Transformation, Bret Conklin, for US$684k worth of shares, at about US$41.89 per share. That means that an insider was selling shares at slightly below the current price (US$43.14). When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. It is worth noting that this sale was only 50% of Bret Conklin's holding.

In the last year Horace Mann Educators insiders didn't buy any company stock. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

View our latest analysis for Horace Mann Educators

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Does Horace Mann Educators Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. Our data indicates that Horace Mann Educators insiders own about US$9.5m 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 Does This Data Suggest About Horace Mann Educators Insiders?

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. But since Horace Mann Educators is profitable and growing, we're not too worried by this. When you combine this with the relatively low insider ownership, we are very cautious about the stock. We'd certainly practice some caution before buying! While it's good to be aware of 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. You'd be interested to know, that we found 1 warning sign for Horace Mann Educators and we suggest you have a look.

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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 of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. 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.