Trade Alert: The Independent Director Of Horace Mann Educators Corporation (NYSE:HMN), Robert Stricker, Has Sold Some Shares Recently

By
Simply Wall St
Published
November 21, 2020
NYSE:HMN

Anyone interested in Horace Mann Educators Corporation (NYSE:HMN) should probably be aware that the Independent Director, Robert Stricker, recently divested US$200k worth of shares in the company, at an average price of US$40.00 each. That sale was 46% of their holding, so it does make us raise an eyebrow.

Check out our latest analysis for Horace Mann Educators

The Last 12 Months Of Insider Transactions At Horace Mann Educators

In the last twelve months, the biggest single sale by an insider was when the President, Marita Zuraitis, sold US$406k worth of shares at a price of US$40.63 per share. That means that an insider was selling shares at slightly below the current price (US$41.61). 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. However, while insider selling is sometimes discouraging, it's only a weak signal. We note that the biggest single sale was only 12% of Marita Zuraitis's holding.

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

insider-trading-volume
NYSE:HMN Insider Trading Volume November 21st 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?

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. From our data, it seems that Horace Mann Educators insiders own 0.5% of the company, worth about US$7.8m. We do generally prefer see higher levels of insider ownership.

What Might The Insider Transactions At Horace Mann Educators Tell Us?

Insiders sold stock recently, but they haven't been buying. And even if we look at the last year, we didn't see any purchases. When you consider that most companies have higher levels of insider ownership, we're a little wary. So we're not rushing to buy, to say the least. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Every company has risks, and we've spotted 2 warning signs for Horace Mann Educators you should know about.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

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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