Horace Mann Educators Corp

Stage 3 distribution confirmed by a decisive support failure and price breaking below the 9/21/50 EMAs, indicating bearish medium-term momentum. Short-term price action shows declining EMAs and follow-through selling, favoring immediate sell-side engagement. Long-term uptrend above the 200-day SMA remains intact but does not offset the current downside bias.

• ↑Q2 core EPS $1.17 grew >10% YoY on disciplined underwriting.
• ↑Raised full-year core EPS guidance to $4.60–$4.90 with 12.8% ROE.
• ↓Insiders sold >$107K stock; CEO disposed of 7.5K shares.