HMN Stock Fair Value Calculator – HORACE MANN EDUCATORS Report Q2 Earnings Results for FY2023
August 23, 2023
🌥️Earnings Overview
On August 1 2023, HORACE MANN EDUCATORS ($NYSE:HMN) announced their financial results for the second quarter of Fiscal Year 2023, which ended on June 30 2023. Total revenue amounted to USD 356.4 million, a 2.9% increase from the same period a year ago. Net income also improved slightly to USD -12.8 million, compared to the prior year’s figure of -12.5 million.
Share Price
On Tuesday, HORACE MANN EDUCATORS reported their Q2 earnings results for FY2023. The stock opened on Tuesday at $30.2 and closed at $29.9, down 0.6% from their previous closing price of $30.1. This dip in earnings reflects a change in investor sentiment due to the uncertainty of the current economic environment. The company’s Q2 earnings report included a detailed breakdown of their financial performance, including revenue, operating income, and net income.
In addition, the company also provided guidance for the remainder of FY2023, predicting further growth in their revenues and operating income for the rest of the year. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for HMN. More…
| Total Revenues | Net Income | Net Margin |
| 1.36k | -10.8 | -0.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for HMN. More…
| Operations | Investing | Financing |
| 162.2 | -214.6 | -47.8 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for HMN. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 13.65k | 12.51k | 27.88 |
Key Ratios Snapshot
Some of the financial key ratios for HMN are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.0% | – | 0.3% |
| FCF Margin | ROE | ROA |
| 11.9% | 0.2% | 0.0% |
Analysis – HMN Stock Fair Value Calculator
At GoodWhale, we conducted an analysis of the fundamentals of HORACE MANN EDUCATORS. We have determined that the intrinsic value of the share is around $39.7, calculated by our proprietary Valuation Line. This indicates that the current stock price of $29.9 is undervalued by 24.7%. Therefore, we believe that this stock presents a great opportunity for investors to buy and capitalize on this undervaluation. More…
Peers
The Company’s competitors in the property and casualty insurance industry are Kemper Corporation, Safety Insurance Group, Inc. and Definity Financial Corporation.
– Kemper Corp ($NYSE:KMPR)
Kemper Corporation (KMPR) is a diversified insurance holding company with subsidiaries that write and provide property and casualty, life and health, and specialty insurance products in the United States. The company was founded in 1926 and is headquartered in Chicago, Illinois.
As of 2022, Kemper Corporation had a market capitalization of $3.58 billion and a return on equity of -9.68%. The company’s property and casualty insurance subsidiaries wrote $4.4 billion in premiums in 2020, while its life and health insurance subsidiaries wrote $1.6 billion in premiums. Kemper’s specialty insurance subsidiaries wrote $2.2 billion in premiums in 2020.
– Safety Insurance Group Inc ($NASDAQ:SAFT)
Safe Auto Group is a leading provider of insurance products for both individuals and businesses in the United States. The company offers a wide range of products, including auto insurance, homeowners insurance, and business insurance. Safe Auto Group is a publicly traded company, and its shares are listed on the Nasdaq Stock Market.
– Definity Financial Corp ($TSX:DFY)
Definity Financial Corp is a financial services company that offers a range of products and services to its clients. The company has a market cap of 4.71B as of 2022 and a return on equity of 5.49%. Definity Financial Corp offers a variety of products and services including investment banking, asset management, and wealth management. The company has a strong focus on providing its clients with the best possible financial outcomes. Definity Financial Corp is a well-established financial services company with a long history of providing quality products and services to its clients.
Summary
HORACE MANN EDUCATORS reported their second quarter earnings for the fiscal year 2023, with total revenue reaching USD 356.4 million, a 2.9% increase year-over-year. This resulted in a slight improvement in net income from -12.5 million to -12.8 million. While the company’s financial performance was not remarkable, investors may be encouraged by the slight improvement in net income and the increase in revenue. As such, investors should further research HORACE MANN EDUCATORS and consider its potential for long-term growth before making an investment decision.
