HORACE MANN EDUCATORS (HMN) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:HMN • US4403271046

43.23 USD
-1.69 (-3.76%)
At close: Feb 4, 2026
43.23 USD
0 (0%)
After Hours: 2/4/2026, 7:00:00 PM
Fundamental Rating

3

HMN gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 147 industry peers in the Insurance industry. HMN may be in some trouble as it scores bad on both profitability and health. HMN has a valuation in line with the averages, but it does not seem to be growing. HMN also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

2

1. Profitability

1.1 Basic Checks

  • HMN had positive earnings in the past year.
  • In the past year HMN had a positive cash flow from operations.
  • In multiple years HMN reported negative net income over the last 5 years.
  • HMN had a positive operating cash flow in 4 of the past 5 years.
HMN Yearly Net Income VS EBIT VS OCF VS FCFHMN Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M 400M

1.2 Ratios

  • HMN has a Return On Assets of 1.06%. This is in the lower half of the industry: HMN underperforms 61.90% of its industry peers.
  • HMN's Return On Equity of 11.39% is in line compared to the rest of the industry. HMN outperforms 52.38% of its industry peers.
Industry RankSector Rank
ROA 1.06%
ROE 11.39%
ROIC N/A
ROA(3y)0.34%
ROA(5y)0.6%
ROE(3y)3.86%
ROE(5y)5.39%
ROIC(3y)N/A
ROIC(5y)N/A
HMN Yearly ROA, ROE, ROICHMN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2 4 6 8 10

1.3 Margins

  • HMN has a Profit Margin of 9.79%. This is in the better half of the industry: HMN outperforms 61.22% of its industry peers.
  • HMN's Profit Margin has declined in the last couple of years.
  • HMN has a Operating Margin of 14.25%. This is comparable to the rest of the industry: HMN outperforms 59.86% of its industry peers.
  • In the last couple of years the Operating Margin of HMN has declined.
Industry RankSector Rank
OM 14.25%
PM (TTM) 9.79%
GM N/A
OM growth 3Y-12.94%
OM growth 5Y-12.98%
PM growth 3Y-15.29%
PM growth 5Y-12.85%
GM growth 3YN/A
GM growth 5YN/A
HMN Yearly Profit, Operating, Gross MarginsHMN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 10 15

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3

2. Health

2.1 Basic Checks

  • HMN does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • There is no outstanding debt for HMN. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
HMN Yearly Shares OutstandingHMN Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M
HMN Yearly Total Debt VS Total AssetsHMN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B

2.2 Solvency

  • HMN has a debt to FCF ratio of 1.37. This is a very positive value and a sign of high solvency as it would only need 1.37 years to pay back of all of its debts.
  • HMN has a Debt to FCF ratio of 1.37. This is in the better half of the industry: HMN outperforms 61.22% of its industry peers.
  • A Debt/Equity ratio of 0.58 indicates that HMN is somewhat dependend on debt financing.
  • The Debt to Equity ratio of HMN (0.58) is worse than 76.19% of its industry peers.
  • Although HMN does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
Industry RankSector Rank
Debt/Equity 0.58
Debt/FCF 1.37
Altman-Z N/A
ROIC/WACCN/A
WACC8%
HMN Yearly LT Debt VS Equity VS FCFHMN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
HMN Yearly Current Assets VS Current LiabilitesHMN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 5M 10M 15M

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3

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 47.34% over the past year.
  • Measured over the past 5 years, HMN shows a small growth in Earnings Per Share. The EPS has been growing by 6.69% on average per year.
EPS 1Y (TTM)47.34%
EPS 3Y62.76%
EPS 5Y6.69%
EPS Q2Q%-25.77%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%6.31%

3.2 Future

  • Based on estimates for the next years, HMN will show a small growth in Earnings Per Share. The EPS will grow by 5.88% on average per year.
  • The Revenue is expected to grow by 4.64% on average over the next years.
EPS Next Y0.62%
EPS Next 2Y5.88%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year6.46%
Revenue Next 2Y4.64%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
HMN Yearly Revenue VS EstimatesHMN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 500M 1B 1.5B
HMN Yearly EPS VS EstimatesHMN Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1 2 3 4 5

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5

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 9.20, the valuation of HMN can be described as very reasonable.
  • Based on the Price/Earnings ratio, HMN is valued a bit cheaper than the industry average as 65.99% of the companies are valued more expensively.
  • HMN is valuated cheaply when we compare the Price/Earnings ratio to 28.25, which is the current average of the S&P500 Index.
  • HMN is valuated reasonably with a Price/Forward Earnings ratio of 9.14.
  • HMN's Price/Forward Earnings is on the same level as the industry average.
  • When comparing the Price/Forward Earnings ratio of HMN to the average of the S&P500 Index (27.50), we can say HMN is valued rather cheaply.
Industry RankSector Rank
PE 9.2
Fwd PE 9.14
HMN Price Earnings VS Forward Price EarningsHMN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • HMN's Enterprise Value to EBITDA ratio is in line with the industry average.
  • Based on the Price/Free Cash Flow ratio, HMN is valued cheaply inside the industry as 82.99% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 2.85
EV/EBITDA 9.86
HMN Per share dataHMN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)14.74
PEG (5Y)1.37
EPS Next 2Y5.88%
EPS Next 3YN/A

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8

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 3.12%, HMN has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 2.19, HMN pays a bit more dividend than its industry peers.
  • HMN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 3.12%

5.2 History

  • The dividend of HMN has a limited annual growth rate of 3.32%.
  • HMN has been paying a dividend for at least 10 years, so it has a reliable track record.
  • HMN has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)3.32%
Div Incr Years15
Div Non Decr Years15
HMN Yearly Dividends per shareHMN Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • HMN pays out 34.55% of its income as dividend. This is a sustainable payout ratio.
  • The dividend of HMN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP34.55%
EPS Next 2Y5.88%
EPS Next 3YN/A
HMN Yearly Income VS Free CF VS DividendHMN Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M 400M
HMN Dividend Payout.HMN Dividend Payout, showing the Payout Ratio.HMN Dividend Payout.PayoutRetained Earnings

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HORACE MANN EDUCATORS

NYSE:HMN (2/4/2026, 7:00:00 PM)

After market: 43.23 0 (0%)

43.23

-1.69 (-3.76%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)02-03
Earnings (Next)05-04
Inst Owners103.17%
Inst Owner Change-0.47%
Ins Owners1.21%
Ins Owner Change-2%
Market Cap1.76B
Revenue(TTM)N/A
Net Income(TTM)164.10M
Analysts75
Price Target51.68 (19.55%)
Short Float %1.48%
Short Ratio2.43
Dividend
Industry RankSector Rank
Dividend Yield 3.12%
Yearly Dividend1.36
Dividend Growth(5Y)3.32%
DP34.55%
Div Incr Years15
Div Non Decr Years15
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)48.55%
Min EPS beat(2)21.01%
Max EPS beat(2)76.09%
EPS beat(4)4
Avg EPS beat(4)41.03%
Min EPS beat(4)9.22%
Max EPS beat(4)76.09%
EPS beat(8)7
Avg EPS beat(8)22.08%
EPS beat(12)10
Avg EPS beat(12)17.54%
EPS beat(16)12
Avg EPS beat(16)17.9%
Revenue beat(2)1
Avg Revenue beat(2)-1.6%
Min Revenue beat(2)-4.02%
Max Revenue beat(2)0.81%
Revenue beat(4)1
Avg Revenue beat(4)-2.07%
Min Revenue beat(4)-4.02%
Max Revenue beat(4)0.81%
Revenue beat(8)2
Avg Revenue beat(8)-1.91%
Revenue beat(12)2
Avg Revenue beat(12)-2.25%
Revenue beat(16)2
Avg Revenue beat(16)-2.17%
PT rev (1m)0.66%
PT rev (3m)3.4%
EPS NQ rev (1m)0.73%
EPS NQ rev (3m)-8.15%
EPS NY rev (1m)1.02%
EPS NY rev (3m)4.87%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.69%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 9.2
Fwd PE 9.14
P/S 1.05
P/FCF 2.85
P/OCF 2.85
P/B 1.22
P/tB 1.42
EV/EBITDA 9.86
EPS(TTM)4.7
EY10.87%
EPS(NY)4.73
Fwd EY10.94%
FCF(TTM)15.16
FCFY35.07%
OCF(TTM)15.16
OCFY35.07%
SpS41.19
BVpS35.43
TBVpS30.53
PEG (NY)14.74
PEG (5Y)1.37
Graham Number61.21
Profitability
Industry RankSector Rank
ROA 1.06%
ROE 11.39%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM 14.25%
PM (TTM) 9.79%
GM N/A
FCFM 36.81%
ROA(3y)0.34%
ROA(5y)0.6%
ROE(3y)3.86%
ROE(5y)5.39%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-12.94%
OM growth 5Y-12.98%
PM growth 3Y-15.29%
PM growth 5Y-12.85%
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover0.11
Health
Industry RankSector Rank
Debt/Equity 0.58
Debt/FCF 1.37
Debt/EBITDA 3.17
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 6.58
Cash Conversion 231.79%
Profit Quality 375.87%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score8
WACC8%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)47.34%
EPS 3Y62.76%
EPS 5Y6.69%
EPS Q2Q%-25.77%
EPS Next Y0.62%
EPS Next 2Y5.88%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%6.31%
Revenue Next Year6.46%
Revenue Next 2Y4.64%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y54.5%
EBIT growth 3Y-7.88%
EBIT growth 5Y-11.16%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y141.98%
FCF growth 3Y30.19%
FCF growth 5Y28.79%
OCF growth 1Y141.98%
OCF growth 3Y30.19%
OCF growth 5Y28.79%

HORACE MANN EDUCATORS / HMN FAQ

What is the ChartMill fundamental rating of HORACE MANN EDUCATORS (HMN) stock?

ChartMill assigns a fundamental rating of 3 / 10 to HMN.


What is the valuation status of HORACE MANN EDUCATORS (HMN) stock?

ChartMill assigns a valuation rating of 5 / 10 to HORACE MANN EDUCATORS (HMN). This can be considered as Fairly Valued.


What is the profitability of HMN stock?

HORACE MANN EDUCATORS (HMN) has a profitability rating of 2 / 10.


What are the PE and PB ratios of HORACE MANN EDUCATORS (HMN) stock?

The Price/Earnings (PE) ratio for HORACE MANN EDUCATORS (HMN) is 9.2 and the Price/Book (PB) ratio is 1.22.


What is the earnings growth outlook for HORACE MANN EDUCATORS?

The Earnings per Share (EPS) of HORACE MANN EDUCATORS (HMN) is expected to grow by 0.62% in the next year.