NYSE:HMN

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Horace Mann Educators

Executive Summary

Horace Mann Educators Corporation, together with its subsidiaries, operates as a multiline insurance company in the United States. More Details


Snowflake Analysis

Adequate balance sheet average 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 +/- 5% a week.

Volatility Over Time: HMN's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

6.9%

HMN

1.7%

US Insurance

1.8%

US Market


1 Year Return

-2.8%

HMN

-4.3%

US Insurance

20.4%

US Market

Return vs Industry: HMN exceeded the US Insurance industry which returned -4.3% over the past year.

Return vs Market: HMN underperformed the US Market which returned 20.4% over the past year.


Shareholder returns

HMNIndustryMarket
7 Day6.9%1.7%1.8%
30 Day19.5%9.9%6.0%
90 Day11.8%13.0%6.8%
1 Year0.3%-2.8%-1.7%-4.3%23.2%20.4%
3 Year0.4%-7.8%12.4%4.1%47.4%37.6%
5 Year40.1%21.4%49.1%30.4%91.9%70.8%

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

Valuation

Is Horace Mann Educators undervalued compared to its fair value and its price relative to the market?

25.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: HMN ($42.74) is trading below our estimate of fair value ($57.19)

Significantly Below Fair Value: HMN is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: HMN is poor value based on its PE Ratio (15.1x) compared to the US Insurance industry average (14.6x).

PE vs Market: HMN is good value based on its PE Ratio (15.1x) compared to the US market (19.7x).


Price to Earnings Growth Ratio

PEG Ratio: HMN is poor value based on its PEG Ratio (3.6x)


Price to Book Ratio

PB vs Industry: HMN's PB Ratio (1x) is in line with the US Insurance industry average.


Next Steps

Future Growth

How is Horace Mann Educators forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

4.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HMN's forecast earnings growth (4.2% per year) is above the savings rate (2.2%).

Earnings vs Market: HMN's earnings (4.2% per year) are forecast to grow slower than the US market (22.1% per year).

High Growth Earnings: HMN's earnings are forecast to grow, but not significantly.

Revenue vs Market: HMN's revenue (2% per year) is forecast to grow slower than the US market (10.2% per year).

High Growth Revenue: HMN's revenue (2% 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 (7.5%).


Next Steps

Past Performance

How has Horace Mann Educators performed over the past 5 years?

9.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HMN has high quality earnings.

Growing Profit Margin: HMN's current net profit margins (9.2%) are lower than last year (9.5%).


Past Earnings Growth Analysis

Earnings Trend: HMN's earnings have grown by 9.8% 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 (-10%) over the past year, making it difficult to compare to the Insurance industry average (5.9%).


Return on Equity

High ROE: HMN's Return on Equity (6.9%) is considered low.


Next Steps

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 ($971.8M).

Long Term Liabilities: HMN's short term assets ($2.7B) do not cover its long term liabilities ($10.3B).


Debt to Equity History and Analysis

Debt Level: HMN's debt to equity ratio (24.5%) is considered satisfactory.

Reducing Debt: HMN's debt to equity ratio has increased from 18.2% to 24.5% over the past 5 years.

Debt Coverage: HMN's debt is well covered by operating cash flow (44.8%).

Interest Coverage: HMN's interest payments on its debt are well covered by EBIT (9.8x coverage).


Balance Sheet


Next Steps

Dividend

What is Horace Mann Educators's current dividend yield, its reliability and sustainability?

2.81%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: HMN's dividend (2.81%) is higher than the bottom 25% of dividend payers in the US market (1.46%).

High Dividend: HMN's dividend (2.81%) is low compared to the top 25% of dividend payers in the US market (4.05%).


Stability and Growth of Payments

Stable Dividend: HMN's dividend payments have been volatile 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 (41.9%), 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 (41.8% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.0yrs

Average management tenure


CEO

Marita Zuraitis (60 yo)

7.17yrs

Tenure

US$4,241,561

Compensation

Ms. Marita Zuraitis is the President, Chief Executive Officer and Director of Horace Mann Educators Corporation since September 2013. Prior to joining Horace Mann, she was President of the property and cas...


CEO Compensation Analysis

Compensation vs Market: Marita's total compensation ($USD4.24M) is about average for companies of similar size in the US market ($USD4.16M).

Compensation vs Earnings: Marita's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Marita Zuraitis
President7.17yrsUS$4.24m0.15%
$ 2.7m
Bret Conklin
Executive VP & CFO3.83yrsUS$1.16m0.012%
$ 211.9k
Wade Rugenstein
Executive Vice President of Supplemental & Operations1.33yrsUS$1.28mno data
Matthew Sharpe
Executive Vice President of Distribution & Business Strategyno dataUS$1.33m0.027%
$ 482.9k
Heather Wietzel
Vice President of Investor Relations2.5yrsno datano data
Donald Carley
Senior VP4.83yrsUS$722.28k0.0078%
$ 138.8k
Elizabeth Moore
Senior VP & Chief Human Resources Officer2yrsno data0.0057%
$ 101.1k
Allan Robinson
Executive Vice President of Field Operations & Sales Management5.08yrsno data0.017%
$ 294.3k
Bret Benham
Executive Vice President of Life & Retirement3yrsUS$970.82k0.00062%
$ 11.0k
Paul Haley
VP & Chief Risk Officer0.42yrno datano data
Michael Weckenbrock
Senior Vice President of Life & Retirement1.08yrsno data0.0013%
$ 22.5k
Kimberly Johnson
Senior VP & Controller3.58yrsno data0%
$ 0

3.0yrs

Average Tenure

56yo

Average Age

Experienced Management: HMN's management team is considered experienced (3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Marita Zuraitis
President7.17yrsUS$4.24m0.15%
$ 2.7m
Perry Hines
Independent Director2.5yrsUS$180.05kno data
Mark Konen
Independent Director1.5yrsUS$180.05kno data
Mark Casady
Independent Director1.5yrsUS$190.05kno data
Henry Reece
Independent Chairman of the Board2.5yrsUS$235.05kno data
Daniel Domenech
Independent Director5.5yrsUS$180.20k0%
$ 0
Robert Stricker
Independent Director10.92yrsUS$195.20k0.014%
$ 255.1k
Beverley McClure
Independent Director7.5yrsUS$195.05k0.011%
$ 185.8k
Steven Swyers
Independent Director6.5yrsUS$205.20kno data

5.5yrs

Average Tenure

63yo

Average Age

Experienced Board: HMN's board of directors are considered experienced (5.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: HMN insiders have only sold shares 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$1.770b
  • Shares outstanding: 41.41m
  • Website: https://www.horacemann.com

Number of Employees


Location

  • Horace Mann Educators Corporation
  • 1 Horace Mann Plaza
  • Springfield
  • Illinois
  • 62715
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HMNNYSE (New York Stock Exchange)YesCommon StockUSUSDNov 1991
HM9DB (Deutsche Boerse AG)YesCommon StockDEEURNov 1991

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/25 00:54
End of Day Share Price2020/11/24 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.