Horace Mann Educators Corporation (HMN) Stock Price & Analysis
Horace Mann Educators Corporation (HMN) closed at USD 47.37 on Thursday, October 22, 2026, up 2.20% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 46.35; the Oct 22, 2026 session ranged USD 46.53–47.49 on volume of 339,827 shares. Market capitalization is $1.92B, with a 52-week range of USD 41.29–55.56 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 10:11 UTC.
Also available as compact Markdown for AI agents: nexqual.com/HMN.md
Key facts (HMN)
- Last four reported quarters (through Jun 30, 2026): revenue $1.75B, net income $177M (10.2% margin) (SEC filings).
- Valuation: P/E 10.8x (avg 19.3x at the last 3 fiscal year-ends), net cash $5.22B.
- Insider open-market sales, last ~7 months: 15 Form 4 filings, $3.2M; 4 not under a Rule 10b5-1 plan ($605K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.33 on a 1–5 scale) (3 analysts), mean target USD 56.5 (range 54–59).
- Total return with dividends: 1Y +9.1% vs S&P 500 +14.9%; 5Y +39.2% vs S&P 500 +80.3%.
- Next earnings: 2026-11-03, EPS estimate USD 1.11, revenue estimate $444M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (HMN)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.33B | $1.38B | $1.49B | $1.60B | $1.70B | $1.75B |
| Net income | $170M | $19.8M | $45.0M | $103M | $162M | $177M |
| EPS (diluted) | $4.04 | $0.47 | $1.09 | $2.48 | $3.90 | — |
| Net margin | 12.8% | 1.4% | 3.0% | 6.4% | 9.5% | 10.2% |
| Revenue growth | +1.4% | +3.9% | +8.0% | +6.9% | +6.7% | — |
| Cash + short-term investments | $6.37B | $5.23B | $5.26B | $5.43B | $5.74B | — |
| Total debt | $503M | $498M | $546M | $547M | $593M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (HMN)
P/E 10.8x · P/S 1.1x · EV/Sales -1.9x · P/B 1.3x · Earnings yield 9.24% · Dividend yield (paid, TTM) 3.00% · Net cash $5.22B · EV -$3.30B
P/E at fiscal year-ends: Dec 2025 11.9x, Dec 2024 15.8x, Dec 2023 30.1x.
Insider sales (SEC Form 4, open-market, last ~7 months) (HMN)
11 of 15 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-15…2026-10-16 | Zuraitis Marita | President & CEO | 6,850 | $317K | 2.3% | Yes (adopted December 23, 2025) | Too little history (no open-market trades in 2023) |
| 2026-10-08 | Zuraitis Marita | President & CEO | 550 | $25K | 0.2% | Yes (adopted December 23, 2025) | Too little history (no open-market trades in 2023) |
| 2026-10-06 | Zuraitis Marita | President & CEO | 100 | $5K | 0% | Yes (adopted December 23, 2025) | Too little history (no open-market trades in 2023) |
| 2026-09-03 | Carley Donald M | General Counsel | 2,054 | $107K | 6.7% | No | Too little history (no open-market trades in 2023) |
| 2026-09-03 | Hines Perry G. | Director | 3,237 | $169K | 11.4% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-09-01 | Zuraitis Marita | President & CEO | 7,500 | $382K | 2.4% | Yes (adopted December 23, 2025) | Too little history (no open-market trades in 2023) |
| 2026-08-12 | Reece Henry Wade | Director | 1,359 | $70K | 3.1% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-08-12 | Bradley Thomas A | Director | 5,000 | $259K | 18.6% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-08-03 | Zuraitis Marita | President & CEO | 7,500 | $390K | 2.4% | Yes (adopted December 23, 2025) | Too little history (no open-market trades in 2023) |
| 2026-07-01 | Zuraitis Marita | President & CEO | 7,500 | $395K | 2.3% | Yes (adopted December 23, 2025) | Too little history (no open-market trades in 2023) |
| 2026-06-02 | Zuraitis Marita | President & CEO | 7,500 | $347K | 2.4% | Yes (adopted December 23, 2025) | Too little history (no open-market trades in 2023) |
| 2026-05-19 | Zuraitis Marita | President & CEO | 14 | $1K | 0% | Yes (adopted December 23, 2025) | Too little history (no open-market trades in 2023) |
| 2026-05-05…2026-05-06 | Zuraitis Marita | President & CEO | 405 | $19K | 0.1% | Yes (adopted December 23, 2025) | Too little history (no open-market trades in 2023) |
| 2026-05-01…2026-05-04 | Zuraitis Marita | President & CEO | 7,081 | $327K | 2.2% | Yes (adopted December 23, 2025) | Too little history (no open-market trades in 2023) |
| 2026-04-23 | Zuraitis Marita | President & CEO | 7,500 | $346K | 2.3% | Yes (adopted December 23, 2025) | Too little history (no open-market trades in 2023) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (HMN)
Consensus Buy (mean 2.33 on a 1–5 scale), 3 analysts; mean target USD 56.5 (low 54, high 59).
Total return (dividends reinvested) (HMN)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +9.1% | +39.2% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +9.1% | +6.8% |
| Volatility (annualized) | 20.6% | 22.3% |
| Max drawdown | -17.0% (Jul 2026→Sep 2026) | -29.8% (Mar 2022→Sep 2023) |
HMN company outlook (results filed Aug 5, 2026)
- “Life & Retirement Life Insurance Product Lines: • Annualized sales: Annualized sales are based on the total yearly premium that the Company would expect to receive if all first year recurring premium policies would remain in force, plus 10% of single and indexed universal life excess premiums.”
Quoted word-for-word from the SEC 8-K results press release.
HMN analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $1.11 | $1.07 | +2.9% | $444.2M | 3 |
| Next quarter (ends Dec 2026) | $1.29 | $1.40 | -7.2% | $449.9M | 2 |
| Current fiscal year (ends Dec 2026) | $4.86 | $4.52 | +7.4% | $1.77B | 3 |
| Next fiscal year (ends Dec 2027) | $5.36 | $5.06 | +6.1% | $2.07B | 3 |
HMN options: expected move
Options price a move of about ±9.6% (±$4.55) by Nov 20, 2026, which includes earnings on Nov 3, 2026. Over the last 8 reports the stock moved ±4% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 51.2% | ±9.6% |
| Feb 19, 2027 | 119 | 32.3% | ±14.8% |
| May 21, 2027 | 210 | 28.4% | ±17.1% |
30-day implied volatility 36.2% vs 18.1% realized over the last 30 trading days. Put/call ratio (volume) 0. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 10:11 UTC)
| Price | USD 47.37 |
|---|---|
| Change | ▲ 2.20% (up) |
| Previous Close | USD 46.35 |
| Open | USD 46.31 |
| Day Range | USD 46.53 – 47.49 |
| 52-Week Range | USD 41.29 – 55.56 |
| Volume | 339,827 shares |
| Market Cap | $1.92B |
| Exchange | NYQ |
Technical Analysis (HMN)
Nexqual's technical model rates HMN "SELL" based on 2 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 10:11 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 52.81 (neutral) |
| vs SMA50 | Below (USD 48.33) |
| MACD | -0.41 (negative) |
Analyst Ratings (HMN)
Wall Street analysts rate HMN "Buy" based on 3 analysts, with a mean price target of USD 56.5 (range USD 54–59), per Nexqual as of October 23, 2026 at 10:11 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 3 |
| Mean Target | USD 56.5 |
| High Target | USD 59 |
| Low Target | USD 54 |
| Buy / Hold / Sell | 2 / 1 / 0 |
Earnings (HMN)
| Next Earnings Date | 2026-11-03 |
|---|---|
| EPS Estimate | USD 1.11 |
| Revenue Estimate | $444.20M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 1.17 vs est 0.73 ▲ beat |
| 2026-03-31 | USD 1.28 vs est 1.1 ▲ beat |
| 2025-12-31 | USD 1.21 vs est 1.18 ▲ beat |
| 2025-09-30 | USD 1.36 vs est 1.11 ▲ beat |
Source: Nexqual, October 23, 2026 at 10:11 UTC.
Financials & Fundamentals (HMN)
| Total Revenue | $1.75B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +7.70% |
| Gross Margin | +39.49% |
| Operating Margin | +13.21% |
| Profit Margin | +10.15% |
| ROE | +12.38% |
| Debt / Equity | 0.4 |
| Current Ratio | 2.87 |
| Total Cash | $229.40M |
| Total Debt | $594.20M |
Source: Nexqual, October 23, 2026 at 10:11 UTC.
Financial Health Score (HMN)
Nexqual rates Horace Mann Educators Corporation's overall financial health "Solid" across five dimensions, as of October 23, 2026 at 10:11 UTC.
| Growth | Solid — Revenue +7% YoY (annual) |
|---|---|
| Profitability | Solid — Gross margin 39%, operating 13% (last 12 months) |
| Balance Sheet | Strong — $5.81B cash and investments vs $594M debt (Jun 2026, SEC), net cash |
| Cash Flow | Solid — Operating cash flow $553M (FY ended Dec 2025, 10-K) |
| Efficiency | Mixed — ROE 12%, ROA 1.0% |
Ownership (HMN)
| Insider Ownership | +1.54% |
|---|---|
| Institutional Ownership | +106.24% |
| Shares Outstanding | 40.50M |
| Float | 40.27M |
| Short % of Float | +3.46% |
Source: Nexqual, October 23, 2026 at 10:11 UTC.
Leadership (HMN)
Horace Mann Educators Corporation is led by Marita Zuraitis, President, CEO & Director, per Nexqual as of October 23, 2026 at 10:11 UTC.
| President, CEO & Director | Marita Zuraitis |
|---|---|
| Executive VP & CFO | Ryan Edward Greenier |
| Vice President of Investor Relations | Rachael Luber |
| Senior VP and Chief Marketing & Distribution Officer | Steven R. Chauby |
| Senior Vice President of Individual Supplemental & Group Benefits | D. Tyson Sanders |
Major Backers & Investors (HMN)
Notable institutional backers of Horace Mann Educators Corporation include Franklin Resources, Inc., Price (T.Rowe) Associates Inc, Fuller & Thaler Asset Management Inc., according to Nexqual as of October 23, 2026 at 10:11 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Franklin Resources, Inc. | 7.47% |
| Price (T.Rowe) Associates Inc | 6.51% |
| Fuller & Thaler Asset Management Inc. | 4.73% |
| UNDISCOVERED MANAGERS Fd.S-Undiscovered Managers Behavioral Value Fd. | 3.87% |
| Franklin Value Investors Trust-FRANKLIN SMALL CAP VALUE FUND | 3.87% |
| T. Rowe Price | 3.42% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 14.53% |
| Vanguard Group | 11.51% |
| Dimensional Fund Advisors | 5.5% |
| State Street | 4.62% |
Source: Nexqual, October 23, 2026 at 10:11 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| PRCH | Porch Group, Inc. | USD 17.94 | ▼ 3.5% |
| HCI | HCI Group, Inc. | USD 206.68 | ▲ 1.11% |
| SKWD | Skyward Specialty Insurance Gro | USD 62.16 | ▲ 1.24% |
| SLDE | Slide Insurance Holdings, Inc. | USD 27.75 | ▲ 2.36% |
| LMND | Lemonade, Inc. | USD 45.41 | ▲ 0.29% |
| PLMR | Palomar Holdings, Inc. | USD 144.53 | ▲ 3.85% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:11 UTC. This page is informational and not investment advice.
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