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Horace Mann Educators Corp
Horace Mann Educators Corp (HMN) is listed on NYSE and classified in Insurance - Property & Casualty, part of the Financial Services sector. It is headquartered in Springfield, United States and has 1,800 employees. The company is worth $1.92B and trades at 11.1x its earnings of the last twelve months; the median for its sector is 13.2x. Revenue was $1.7B in fiscal 2025, up 6.7% from the year before. Net income was $162.1M. The share price is 14.7% below its 52-week high of $55.56. It pays a dividend yielding 3.04%, and has raised its annual dividend for 16 years in a row in our records. 3 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Two Sigma (Two Sigma Investments), at $22.13M. Over the last 30 days, company insiders sold $346.64K of its stock on the open market and bought none. All of those sales were scheduled in advance under 10b5-1 plans.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +25.0% over 5Y.
today you would have $1,411.75▲ +41.2%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 17 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $46.18 | $39.23 | $32.70 | $37.37 | $38.70 | $42.04 | $43.66 | $37.45 | $44.10 | $42.80 | $33.18 | $33.18 | $31.54 | $19.96 | $13.71 | $18.04 | $12.50 | |
| P/E |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 4.2% a year plus a 3.0% dividend yield. Growth capped at 25%.
Median P/E of 13.2 among peers in the sector.
Median P/E of 11.9 across this company’s own years on record.
Cash flow growing 4.2% a year for 10 years, discounted at 10%, then 2.5% forever.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Dividend growing 5.5% a year against a 7.0% required return, from the stock’s beta.
Companies of similar size in Financial Services, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| AGBKAGI Inc | $7.34 | 7.1x | 1.2x | 0.00% | — | $1.92B |
| GABCGerman American Bancorp Inc | $51.12 | 13.1x | 1.6x | 2.39% | 12.46% | $1.92B |
| ETOReToro Group Ltd. | $24.39 | 9.0x | 1.5x | 0.00% | 19.50% | $1.94B |
| PAXPatria Investments Ltd | $11.90 |
| 11.9x |
| 11.8x |
| 15.8x |
| 30.0x |
| 79.5x |
| 9.6x |
| 13.3x |
| 9.9x |
| 85.1x |
| 10.8x |
| 21.2x |
| 15.1x |
| 13.4x |
| 11.9x |
| 8.0x |
| 8.1x |
| 9.3x |
| 6.9x |
| P/S | 1.2x | 1.1x | 1.0x | 0.9x | 1.1x | 1.2x | 1.3x | 1.3x | 1.3x | 1.5x | 1.5x | 1.2x | 1.3x | 1.2x | 0.8x | 0.5x | 0.8x | 0.5x |
| P/B | 1.1x | 1.3x | 1.2x | 1.1x | 1.4x | 1.1x | 1.0x | 1.1x | 1.2x | 1.2x | 1.3x | 1.1x | 1.0x | 1.2x | 0.6x | 0.5x | 0.9x | 0.7x |
| EPS | $3.90 | $2.48 | $1.09 | $0.47 | $4.04 | $3.17 | $4.40 | $0.44 | $4.08 | $2.02 | $2.20 | $2.47 | $2.66 | $2.51 | $1.70 | $1.95 | $1.81 |
| Dividend yield | 2.85% | 3.03% | 3.47% | 4.04% | 3.43% | 3.20% | 2.85% | 2.64% | 3.04% | 2.49% | 2.48% | 3.01% | 2.77% | 2.47% | 2.76% | 3.36% | 1.94% | 1.91% |
| Payout | 35.90% | 35.90% | 54.84% | 121.10% | 272.34% | 30.69% | 37.85% | 26.18% | 259.09% | 26.96% | 52.48% | 45.45% | 37.25% | 29.32% | 21.91% | 27.06% | 17.95% | 13.20% |
| Profit margin | 8.65% | 9.53% | 6.44% | 3.02% | 1.43% | 12.82% | 10.17% | 12.89% | 1.54% | 14.46% | 7.42% | 8.65% | 9.83% | 10.75% | 10.28% | 7.06% | 8.22% | 7.84% |
| ROE | 7.98% | 10.93% | 7.98% | 3.83% | 1.80% | 11.37% | 7.45% | 11.77% | 1.42% | 11.29% | 6.47% | 7.39% | 7.80% | 10.09% | 8.34% | 6.68% | 9.46% | 10.21% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
+143.4% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 27.7x |
| 3.4x |
| 5.46% |
| 12.88% |
| $1.95B |
| DCOMDime Commercial Bancshares, Inc. | $42.52 | 14.7x | 1.3x | 2.35% | 9.60% | $1.88B |
| UWMCUWM Holdings Corp | $1.15 | — | 2.9x | 26.09% | -7.68% | $1.85B |