Horace Mann Acquires Witmer-Schuck Building, Plans Major Renovation
December 22, 2022
Trending News 🌥️
HMN Stock Intrinsic Value – Recently, Horace ($NYSE:HMN) Mann announced the purchase of the Witmer-Schuck building, a historic building located in the heart of Springfield, Illinois. With the purchase, Horace Mann plans to undertake a major renovation of the building. The renovation will include restoring the building to its original state, while also adding modern amenities such as energy efficient lighting, climate control systems, and other modern conveniences. It was the first office building in Springfield and is listed on the National Register of Historic Places.
With the purchase of the Witmer-Schuck building, Horace Mann will be able to expand its presence in Springfield while preserving a piece of its history. The renovation plans are expected to take several years to complete, but when finished, it will become an integral part of Horace Mann’s corporate campus. The company is excited about the new opportunity and looks forward to the renovation being completed.
Market Price
Horace Mann Educators, the largest multiline insurance company in the United States, recently acquired the Witmer-Schuck Building. This building has been the subject of much media coverage, unfortunately all of it negative. The purchase of this building has been seen as a sign that Horace Mann is looking to turn things around and make major renovations. The Witmer-Schuck Building was previously an old factory, which had become vacant over time and fallen into disrepair. Horace Mann is planning to redevelop the building into a modern office and retail center.
They are also planning to invest in other properties in the area, as part of their commitment to the revitalization of the neighborhood. On Tuesday, HORACE MANN EDUCATORS stock opened at $37.0 and closed at $36.9, up by 0.6% from last closing price of 36.7. This is a positive sign for the company as investors have responded positively to the news of their acquisition and planned renovations. With their commitment to modernizing the building, Horace Mann is sending a clear message that they are serious about revitalizing the neighborhood and investing in its future. 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 |
| 1.34k | 56.4 | 4.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for HMN. More…
| Operations | Investing | Financing |
| 168.3 | -302 | 208.5 |
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 |
| 13.76k | 12.5k | 30.81 |
Key Ratios Snapshot
Some of the financial key ratios for HMN are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -0.9% | – | 6.2% |
| FCF Margin | ROE | ROA |
| 12.6% | 4.1% | 0.4% |
VI Analysis – HMN Stock Intrinsic Value
Company fundamentals are an important factor in assessing a company’s long-term potential. The VI app makes it easy to analyze the fundamentals of HORACE MANN EDUCATORS, one of the largest insurance companies that specializes in providing financial products for educators. According to VI Line, the fair value of HORACE MANN EDUCATORS shares is estimated to be around $30.3. Currently, the stock is trading at $36.9, which is overvalued by 22%. This indicates that investors are expecting the company to outperform in the future, but this may not be the case. Investors should take into account the company’s fundamentals and its competitive advantages before investing in HORACE MANN EDUCATORS. The company has a strong balance sheet, with solid long-term debt and cash flow. It has also been able to consistently increase its dividend, which is a good sign of its financial strength. Analyzing a company’s fundamentals is a key step in making an informed investment decision. For HORACE MANN EDUCATORS, investors should consider the fair value of $30.3 and compare it to the current price of $36.9 before investing. More…
VI Peers
The Company’s competitors in the property and casualty insurance industry are Kemper Corporation, Safety Insurance Group, Inc. and Definity Financial Corporation.
– Kemper Corp ($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
The company offers a variety of products and services designed to meet the specific needs of teachers, administrators, and school personnel, such as auto and home insurance, life insurance, annuities, mutual funds, and retirement plans. In recent years, they have made significant investments in technology and customer service to ensure they are providing the best possible customer experience. Horace Mann Educators is committed to helping their customers protect what’s important to them and prepare for the future. Recently, they have acquired the Witmer-Schuck Building, an iconic structure located in downtown Springfield, Illinois, to expand their presence in the state. The company plans to spend millions of dollars on renovating the building to create a world-class learning and development center for their employees and customers. By investing in this asset and the surrounding community, Horace Mann Educators is showing their commitment to the educators they serve and the communities they live in.
Horace Mann Educators has also focused on expanding their product offerings in order to meet the changing needs of their customers. They have developed a suite of products and services tailored for educators, including special discounts on auto and home insurance, special annuities designed for retirement planning, and online tools to help educators make informed decisions about their finances. Horace Mann Educators is dedicated to helping educators make smart decisions about their financial future. With their recent acquisition of the Witmer-Schuck Building and other investments in technology and customer service, they are showing that they are committed to staying at the forefront of their industry.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
