Horace Mann Educators
Market Cap
US$1.7b
Last Updated
2021/04/22 21:43 UTC
Data Sources
Company Financials +
Executive Summary
Horace Mann Educators Corporation, together with its subsidiaries, operates as a multiline insurance company in the United States. More Details
Rewards
Risk Analysis
Snowflake Analysis
Undervalued established dividend payer.
Similar Companies
Share Price & News
How has Horace Mann Educators's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HMN is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: HMN's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
-3.9%
HMN
0.3%
US Insurance
-0.7%
US Market
1 Year Return
22.0%
HMN
51.2%
US Insurance
58.2%
US Market
Return vs Industry: HMN underperformed the US Insurance industry which returned 46.6% over the past year.
Return vs Market: HMN underperformed the US Market which returned 55% over the past year.
Shareholder returns
| HMN | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.9% | 0.3% | -0.7% |
| 30 Day | -3.4% | 3.8% | 3.2% |
| 90 Day | -5.3% | 9.8% | 4.4% |
| 1 Year | 25.8%22.0% | 55.2%51.2% | 61.0%58.2% |
| 3 Year | -0.4%-8.6% | 32.5%22.5% | 66.1%55.5% |
| 5 Year | 49.7%30.0% | 78.1%55.8% | 120.9%96.2% |
Long-Term Price Volatility Vs. Market
How volatile is Horace Mann Educators's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Horace Mann Educators (NYSE:HMN) Could Be A Buy For Its Upcoming Dividend1 month ago | Simply Wall St
Horace Mann Educators Corporation (NYSE:HMN) Insiders Have Been SellingValuation
Is Horace Mann Educators undervalued compared to its fair value and its price relative to the market?
29.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HMN ($41.15) is trading below our estimate of fair value ($57.88)
Significantly Below Fair Value: HMN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: HMN is good value based on its PE Ratio (12.9x) compared to the US Insurance industry average (14.6x).
PE vs Market: HMN is good value based on its PE Ratio (12.9x) compared to the US market (22.3x).
Price to Earnings Growth Ratio
PEG Ratio: HMN is poor value based on its PEG Ratio (6x)
Price to Book Ratio
PB vs Industry: HMN is good value based on its PB Ratio (1x) compared to the US Insurance industry average (1.1x).
Future Growth
How is Horace Mann Educators forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
2.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HMN's forecast earnings growth (2.2% per year) is above the savings rate (2%).
Earnings vs Market: HMN's earnings (2.2% per year) are forecast to grow slower than the US market (17.8% per year).
High Growth Earnings: HMN's earnings are forecast to grow, but not significantly.
Revenue vs Market: HMN's revenue (0.9% per year) is forecast to grow slower than the US market (9.7% per year).
High Growth Revenue: HMN's revenue (0.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HMN's Return on Equity is forecast to be low in 3 years time (8.1%).
Past Performance
How has Horace Mann Educators performed over the past 5 years?
10.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HMN has high quality earnings.
Growing Profit Margin: HMN's current net profit margins (10.2%) are lower than last year (12.9%).
Past Earnings Growth Analysis
Earnings Trend: HMN's earnings have grown by 10.4% per year over the past 5 years.
Accelerating Growth: HMN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: HMN had negative earnings growth (-27.7%) over the past year, making it difficult to compare to the Insurance industry average (-9.8%).
Return on Equity
High ROE: HMN's Return on Equity (7.4%) is considered low.
Financial Health
How is Horace Mann Educators's financial position?
Financial Position Analysis
Short Term Liabilities: HMN's short term assets ($2.7B) exceed its short term liabilities ($1.0B).
Long Term Liabilities: HMN's short term assets ($2.7B) do not cover its long term liabilities ($10.6B).
Debt to Equity History and Analysis
Debt Level: HMN's debt to equity ratio (57.4%) is considered high.
Reducing Debt: HMN's debt to equity ratio has increased from 19.5% to 57.4% over the past 5 years.
Debt Coverage: HMN's debt is well covered by operating cash flow (25.3%).
Interest Coverage: HMN's interest payments on its debt are well covered by EBIT (12.1x coverage).
Balance Sheet
Dividend
What is Horace Mann Educators's current dividend yield, its reliability and sustainability?
3.06%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HMN's dividend (3.01%) is higher than the bottom 25% of dividend payers in the US market (1.24%).
High Dividend: HMN's dividend (3.01%) is low compared to the top 25% of dividend payers in the US market (3.48%).
Stability and Growth of Payments
Stable Dividend: HMN's dividends per share have been stable in the past 10 years.
Growing Dividend: HMN's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (37.7%), HMN's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: HMN's dividends in 3 years are forecast to be well covered by earnings (41.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.7yrs
Average management tenure
CEO
Marita Zuraitis (60 yo)
7.58yrs
Tenure
US$5,415,976
Compensation
Ms. Marita Zuraitis is the President, Chief Executive Officer and Director of Horace Mann Educators Corporation since September 17, 2013. Prior to joining Horace Mann in May 2013, she was President of the ...
CEO Compensation Analysis
Compensation vs Market: Marita's total compensation ($USD5.42M) is above average for companies of similar size in the US market ($USD3.71M).
Compensation vs Earnings: Marita's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
Experienced Management: HMN's management team is considered experienced (4 years average tenure).
Board Members
Experienced Board: HMN's board of directors are considered experienced (5.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Horace Mann Educators Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Horace Mann Educators Corporation
- Ticker: HMN
- Exchange: NYSE
- Founded: 1945
- Industry: Multi-line Insurance
- Sector: Insurance
- Market Cap: US$1.706b
- Shares outstanding: 41.47m
- Website: https://www.horacemann.com
Number of Employees
Location
- Horace Mann Educators Corporation
- 1 Horace Mann Plaza
- Springfield
- Illinois
- 62715-0001
- United States
Listings
Biography
Horace Mann Educators Corporation, together with its subsidiaries, operates as a multiline insurance company in the United States. The Company operates through five segments: Property and Casualty, Supplem...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/22 21:43 |
| End of Day Share Price | 2021/04/22 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.