HMN Stock Analysis: Horace Mann Educators | NYSE
Insurance - Property & Casualty | NYSE, USA | Market Cap: 1.847m USD | 12M Return: 6.4% | US4403271046 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 17.1M
EPS Trend: 90.2%
Qual. Beats: 1
Rev. Trend: 98.5%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Horace Mann Educators Corporation (HMN) is a U.S. insurance holding company founded in 1945 and headquartered in Springfield, Illinois, that focuses on serving the financial protection and retirement needs of educators. It operates through three segments: Property & Casualty (auto, homeowners, and personal umbrella insurance), Life & Retirement (annuities, retirement plans, and life insurance products such as whole life, term, and indexed universal life), and Supplemental & Group Benefits (employer-sponsored accident, critical illness, disability, and worksite coverages). The company also offers 403(b) retirement plans, mutual funds, student loan solutions, credit monitoring, and financial wellness workshops, distributing its products through agents, brokers, benefit specialists, and direct/digital channels.
As a multi-line insurer, Horace Mann combines property/casualty and life insurance operations under one holding company structure, allowing it to cross-sell products across customer touchpoints. Its niche focus on the K-12 educator market is a differentiated business model, with 403(b) plans being a tax-advantaged retirement vehicle available specifically to public school employees, nonprofits, and ministers, which aligns naturally with the companys target customer base.
- P&C auto and homeowners pricing actions improve combined ratio
- Severe weather and catastrophe losses pressure underwriting margins
- Life & Retirement investment income benefits from higher interest rates
| Net Income: 177.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA -0.51 > 1.0 |
| NWC/Revenue: 340.1% < 20% (prev -34.14%; Δ 374.3% < -1%) |
| CFO/TA 0.04 > 3% & CFO 566.1m > Net Income 177.3m |
| Net Debt (-5.22b) to EBITDA (281.3m): -18.55 < 3 |
| Current Ratio: error (cannot be calculated; needs correct Total Current Assets and Liabilities) |
| Outstanding Shares: last quarter (41.2m) vs 12m ago -0.96% < -2% |
| Gross Margin: 48.28% > 18% (prev 33.05%; Δ 15.23% > 0.5%) |
| Asset Turnover: 11.27% > 50% (prev 10.74%; Δ 0.53% > 0%) |
| Interest Coverage Ratio: 6.69 > 6 (EBIT TTM 254.4m / Interest Expense TTM 38.0m) |
| A: 0.37 (Total Current Assets 5.81b - Total Current Liabilities 0.0) / Total Assets 15.6b |
| B: 0.11 (Retained Earnings 1.70b / Total Assets 15.6b) |
| C: 0.02 (EBIT TTM 254.4m / Avg Total Assets 15.2b) |
| D: 0.11 (Book Value of Equity 1.50b / Total Liabilities 14.1b) |
| Altman-Z'' = 3.02 = A |
| DSRI: 0.94 (Receivables 409.2m/403.7m, Revenue 1.71b/1.58b) |
| GMI: 0.68 (GM 33.05% / 48.28%) |
| AQI: 1.00 (AQ_t 0.62 / AQ_t-1 0.62) |
| SGI: 1.08 (Revenue 1.71b / 1.58b) |
| TATA: -0.02 (NI 177.3m - CFO 566.1m) / TA 15.6b) |
| Beneish M = -3.31 (Cap -4..+1) = AA |
As of October 09, 2026, the stock is trading at USD 45.90 with a total of 184,543 shares traded. Over the past week, the price has changed by +2.14%, over one month by -8.26%, over three months by -13.46% and over the past year by +6.38%.
Current recommended Stop Loss: 43.20 (which is 5.9% or 2.8 ATR below the current price).
Horace Mann Educators has received a consensus analysts rating of 4.33. Therefore, it is recommended to buy HMN.
- StrongBuy: 2
- Buy: 0
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 56.5 | 23.1% |
P/E Trailing = 10.58
P/E Forward = 9.2507
P/S = 1.0577
P/B = 1.2542
P/EG = 1.1563
Revenue TTM = 1.71b USD
EBIT TTM = 254.4m USD
EBITDA TTM = 281.3m USD
Long Term Debt = 594.2m USD (from longTermDebt, last quarter)
Short Term Debt = unknown (none)
Debt = 594.2m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -5.22b USD (calculated: Debt 594.2m - CCE 5.81b)
Enterprise Value = 1.85b USD (floored to Market Cap, CCE > MCap+Debt)
Interest Coverage Ratio = 6.69 (Ebit TTM 254.4m / Interest Expense TTM 38.0m)
EV/FCF = 3.26x (Enterprise Value 1.85b / FCF TTM 566.1m)
FCF Yield = 30.65% (FCF TTM 566.1m / Enterprise Value 1.85b)
FCF Margin = 33.12% (FCF TTM 566.1m / Revenue TTM 1.71b)
Net Margin = 10.37% (Net Income TTM 177.3m / Revenue TTM 1.71b)
Gross Margin = 48.28% ((Revenue TTM 1.71b - Cost of Revenue TTM 883.9m) / Revenue TTM)
Gross Margin QoQ = 57.99% (prev 58.91%)
Tobins Q-Ratio = 0.12 (Enterprise Value 1.85b / Total Assets 15.6b)
Interest Expense / Debt = 6.40% (Interest Expense 38.0m / Debt 594.2m)
Taxrate = 18.07% (39.1m / 216.4m)
NOPAT = 208.4m (EBIT 254.4m * (1 - 18.07%))
Current Ratio = unknown (Total Current Assets 5.81b / Total Current Liabilities 0.0)
Debt / Equity = 0.40 (Debt 594.2m / totalStockholderEquity, last quarter 1.50b)
Debt / EBITDA = -18.55 (Net Debt -5.22b / EBITDA 281.3m)
Debt / FCF = -9.22 (Net Debt -5.22b / FCF TTM 566.1m)
Total Stockholder Equity = 1.47b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.17% (Net Income 177.3m / Total Assets 15.6b)
RoE = 12.03% (Net Income TTM 177.3m / Total Stockholder Equity 1.47b)
RoCE = 12.30% (EBIT 254.4m / Capital Employed (Equity 1.47b + L.T.Debt 594.2m))
RoIC = 2.60% (EBIT 254.4m / (Assets 15.6b - Curr.Liab 0.0 - Cash 5.81b))
WACC = 6.01% (E(1.85b)/V(2.44b) * Re(6.26%) + D(594.2m)/V(2.44b) * Rd(6.40%) * (1-Tc(0.18)))
Discount Rate = 6.26% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -47.59 | Cagr: -0.32%
[DCF] Terminal Value 74.42% ; FCFF base≈583.5m ; Y1≈550.9m ; Y5≈516.0m
[DCF] Fair Price = 329.7 (EV 8.14b - Net Debt -5.22b = Equity 13.4b / Shares 40.5m; r=8.35% [WACC [floored]]; 5y FCF grow -7.12% → 2.50% )
EPS Correlation: 90.19 | EPS CAGR: 90.05% | SUE: 2.32 | # QB: 1
Revenue Correlation: 98.49 | Revenue CAGR: 6.90% | SUE: -0.02 | # QB: 0
EPS current Quarter (2026-09-30): EPS=1.08 | Chg30d=+6.93% | Revisions=-25% | Analysts=3
EPS current Year (2026-12-31): EPS=4.86 | Chg30d=+0.90% | Revisions=+50% | GrowthEPS=+3.2% | GrowthRev=+3.9%
EPS next Year (2027-12-31): EPS=5.38 | Chg30d=+1.51% | Revisions=+50% | GrowthEPS=+10.7% | GrowthRev=+17.2%
[Analyst] Revisions Ratio: +50% (up=6, down=1)