Pennsylvania Public School Employees Retirement System Invests $1.37 Million in Horace Mann Educators
December 9, 2023
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The Pennsylvania Public School Employees’ Retirement System of the Commonwealth recently announced that it has invested a total of $1.37 million in the Horace ($NYSE:HMN) Mann Company. The firm also offers life and disability insurance, as well as retirement planning services. Horace Mann is committed to helping its clients develop and reach their financial goals. This investment is part of the system’s ongoing commitment to ensure that its members are able to confidently secure their financial futures.
Market Price
Horace Mann Educators opened at $33.6 and closed at $33.1, which was down by 1.3% from the last closing price of 33.6. This investment further supports the company’s commitment to providing two retirement plans for their employees, the defined benefit plan and the defined contribution plan. The company is committed to helping educators protect their financial future and is dedicated to providing a secure retirement for its employees. 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 |
| 1.43k | -13 | -0.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for HMN. More…
| Operations | Investing | Financing |
| 245.4 | -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 |
| 13.67k | 12.57k | 26.98 |
Key Ratios Snapshot
Some of the financial key ratios for HMN are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.1% | – | 0.3% |
| FCF Margin | ROE | ROA |
| 17.2% | 0.3% | 0.0% |
Analysis
GoodWhale’s analysis of HORACE MANN EDUCATORS’ fundamentals reveals that the company has a high health score of 7/10, despite the challenging economic environment. This means that the company is capable of riding out any crisis without the risk of bankruptcy. When it comes to dividend distributions, GoodWhale classifies HORACE MANN EDUCATORS as a ‘cow’, meaning it has the track record of paying out consistent and sustainable dividends. Therefore, this company may be of interest to income investors, who are looking for a steady and secure income stream. When it comes to other aspects of the company’s finances, HORACE MANN EDUCATORS appears to be strong in dividend but weak in asset, growth and profitability. This means that although the company might be able to provide some upside potential to investors, it is unlikely to generate significant returns in the short term. 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 is a publicly traded company that provides insurance services to educators. Its products include property and casualty, life, annuities, and other insurance products. Analysts believe that this move indicates confidence in the company’s ability to generate strong returns, and that it could be an excellent long-term investment for the retirement system.
Furthermore, while the stock has been volatile in the past, its historical performance suggests potential for impressive gains over the long term. As a result, investors should continue to monitor Horace Mann Educators closely for opportunities to buy at attractive prices.
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