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Insider Cluster (3 insiders) ·Filed Sep 8, 2026

HMN

HORACE MANN EDUCATORS CORP /DE/
BEARISH
Impact 4/10
Horizonweeks Processed1mo ago
Insider cluster: 3 insiders, $0.7M total
Actionable Insight ▼ Bearish

The CEO's sale is the most notable — it is not part of a regular pattern and lacks a 10b5-1 plan designation. Monitor the next 8-K or earnings release for any operational or guidance changes that may have prompted the selling.

DirectionBearish
Confidencemedium
Horizonweeks
Latest settled — T+20d
HMN ▼ -9.04% at T+20d
SHORT call ✓ call won +9.04% · α vs SPY +11.01% · entry $50.03 → $45.51
Next anchor: T+60d in 5w
Latest observation: T+33 +10.98% FF3 residual α
Entry = T+0 close
Sep 8, 2026
via day close
T+1d
-1.90%
call +1.90% · α +1.44%
$49.08
settled 7w ago
T+5d
-1.77%
call +1.77% · α +0.65%
$49.15
settled 6w ago
T+20d
-9.04%
call +9.04% · α +11.01%
$45.51
settled 21d ago
T+60d
Pending
in 5w

Price Chart

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Executive Summary

Three HMN insiders, including the CEO and General Counsel, sold a combined $659K in open-market sales over a one-week window. The CEO's $382K sale is the largest, and the cluster represents roughly 0.2% of the company's market cap — a modest but notable amount. No 10b5-1 plan was indicated, and the sales lack a regular pattern, suggesting they may be opportunistic rather than routine.

Key Financial Metrics

Direction
selling
Total Value
$659.0K
Insiders
3

Key Facts

  • CEO Marita Zuraitis sold 7,500 shares for $382K on 2026-09-01
  • General Counsel Donald Carley sold 2,100 shares for $107K on 2026-09-03
  • Director Perry Hines sold 3,200 shares for $169K on 2026-09-03
  • Total cluster value: $659K, all open-market sales (code S) with no 10b5-1 indication
  • Sales represent approximately 0.2% of HMN's market cap

Financial Impact

$659K in insider sales, ~0.2% of market cap

insider ownership

Risk Factors

  • CEO selling could signal a lack of confidence in near-term prospects
  • No 10b5-1 plan increases the likelihood of informational selling
  • General Counsel selling alongside CEO amplifies the bearish signal

Investment Themes

Traditional Finance

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-HMN-1788875333839
6 reports for HMN
Performance horizon

Track record builds as more directional reports settle.

Filters
Rows
Reports for HMN — sortable, filterable
TypeNow
Oct 8, 2026
18d ago
144
NEUTRAL ★ 2/10
$45.56awaiting T+20—$46.38 (+1.79%)
Oct 6, 2026
20d ago
144
NEUTRAL ★ 2/10
$45.51awaiting T+20—$46.38 (+1.90%)
Sep 8, 2026
7w ago
Insider Cluster
BEARISH ★ 4/10
$50.03 $45.51▲ +9.04%▲ +11.01%$46.38 (+7.31%)
Aug 14, 2026
10w ago
Insider Cluster
NEUTRAL ★ 2/10
$52.47 $49.78▼ −5.13%▼ −3.14%$46.38 (−11.62%)
May 6, 2026
24w ago
8-K
BULLISH ★ 6/10
$45.15 $45.30▲ +0.33%▼ −2.80%$46.38 (+2.71%)
Mar 26, 2026
30w ago
Insider Cluster
NEUTRAL ★ 3/10
$42.87 $45.54▲ +6.23%▼ −4.44%$46.38 (+8.18%)
Showing 6 of 6

US Market Status

Market Open — Closes in 5h 50m

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Report published Sep 8, 2026