The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Horace Mann Educators Corp shares valued at $148,960 were sold by ZURAITIS MARITA on Nov 01 ’24. At $37.24 per share, ZURAITIS MARITA sold 4,000 shares. The insider’s holdings dropped to 292,336 shares worth approximately $12.47 million following the completion of this transaction.
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Also, ZURAITIS MARITA purchased 4,000 shares, netting a total of over 148,960 in proceeds.
Before that, ZURAITIS MARITA had sold 42,117 shares from its account. In a trade valued at $1,560,894, the President & CEO traded Horace Mann Educators Corp shares for $37.06 each. Upon closing the transaction, the insider’s holdings decreased to 42,117 shares, worth approximately $12.55 million.
As published in their initiating research note from Raymond James on August 06, 2024, Horace Mann Educators Corp [HMN] has been a Strong buy and the price target has been revised to $42. Analysts at Keefe Bruyette upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in late January. As of January 25, 2023, Piper Sandler has decreased its “an Overweight” rating to a “Neutral” for HMN. Earlier on August 19, 2022, Piper Sandler upgraded its rating. Their new recommendation was “an Overweight” for HMN stock which previously was a “a Neutral”.
Analyzing HMN Stock Performance
During the last five days, there has been a surge of approximately 13.28%. Over the course of the year, Horace Mann Educators Corp shares have jumped approximately 30.40%. Shares of the company reached a 52-week high of $43.26 on 11/06/24 and a 52-week low of $31.81 on 07/05/24. A 50-day SMA is recorded $35.80, while a 200-day SMA reached $35.19. Nevertheless, trading volume fell to 0.62 million shares from 0.34 million shares the previous day.
Support And Resistance Levels for Horace Mann Educators Corp (HMN)
According to the 24-hour chart, there is a support level at 41.65, which, if violated, would cause prices to drop to 40.65. In the upper region, resistance lies at 43.45. The next price resistance is at 44.25. RSI (Relative Strength Index) is 81.54 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.06, which suggests the price will increase in the coming days. Percent R is at 8.58%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
