Horace Mann Educators Corp (NYSE:HMN)

CAPS Rating: 2 out of 5

An insurance holding company, which through its subsidiaries, markets and underwrites personal lines of property and casualty and life insurance and retirement annuities in the United States of America.

Caps

How do you think HMN will perform against the market?

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All Players

67 Outperform
14 Underperform
 

All-Star Players

19 Outperform
1 Underperform
 

Wall Street

3 Outperform
0 Underperform
 

Top HMN Bull/Bear Pitches

The best Bull and Bear pitches based on recency and number of recommendations.

clark1943 (86.56)
Submitted March 15, 2010

The forward PE is only 8.97. I am setting a target $18 which is about 25% above its current price.

offtoindia (< 20)
Submitted March 15, 2010

Everything possible at Horace Mann is going to India. Application support, whole systems, network administration, systems work, you name it. There isn't a safe job in IT. The other angle is a complete takeover by Allstate (CEO Lou Lower's former… More

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Recent Community Commentary

Read the most recent pitches from players about HMN.

Recs

0
Member Avatar TMFHorst (89.26) Submitted: 3/27/2017 1:33:15 AM : Underperform Start Price: $38.40 HMN Score: +1.24

Disclosure: I worked at a Horace Mann agency from 2010 to 2014.

Their niche market of educators is great, and their underwriting loss ratios are beating the industry. Their issue is a commitment to cross-selling customers on proprietary products so that multi-line clients generate higher retention. The problem, of course, is that if someone no longer needs life insurance or transfers a retirement account to Vanguard, her auto and home rates increase. There are limited third-party offerings, so multiple lines of business are at risk when one fails to offer competitive rates.

Agents are captive to Horace Mann, so they watch as a commoditized casualty insurance industry moves toward independent agencies representing several providers. Horace Mann doesn't offer a robust online quoting and claims operation, so the onus is on the local agent to provide convenience. HMN also doesn't provide myriad options for non-annuity investments and is beholden to fixed annuity 403(b) accounts, so systemic flight toward passive index investing is lost for those agents. This could be exacerbated by a tax reform-fueled shift into Roth accounts if tax rates are lowered OR by DOL implementation of the Fiduciary Rule, which HMN states in their latest 10-K could have a "material adverse effect" on business.

They're losing business on the life and annuity side. Contract deposits are down for both fixed and variable contracts YOY, and surrendered life policies are up 20% over last two years. What remains is P&C exposure concentrated in coastal states with record catastrophic claims in 2016.

On Glassdoor, only 27% of employees would recommend Horace Mann to a friend, and only 36% support the current CEO.

Recs

0
Member Avatar 5SsmallcapDIV (78.22) Submitted: 1/18/2011 10:44:32 AM : Outperform Start Price: $14.22 HMN Score: +100.16

5 STAR, Small-cap, dividend payer

Recs

1
Member Avatar offtoindia (< 20) Submitted: 3/15/2010 6:09:35 PM : Underperform Start Price: $11.44 HMN Score: -151.54

Everything possible at Horace Mann is going to India. Application support, whole systems, network administration, systems work, you name it. There isn't a safe job in IT. The other angle is a complete takeover by Allstate (CEO Lou Lower's former employer). Any time a management position opens up it is filled by someone from Allstate. I hope any school district that is dealing with Horace Mann knows what it is doing! If you want your personal data controlled in India, GOOD LUCK!

Leaderboard

Find the members with the highest scoring picks in HMN.

Score Leader

stocks4you2

stocks4you2 (< 20) Score: +661.44

The Score Leader is the player with the highest score across all their picks in HMN.

Top
Pick
Member Name Member
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
Index
Gain
Score Commentary
stocks4you2 < 20 10/27/2008 Outperform 1Y $4.47 +877.56% +216.12% +661.44 1 Comment
SheepInvstr213 < 20 10/9/2008 Outperform 5Y $4.81 +807.11% +179.99% +627.11 0 Comment
peaksanddips 94.76 10/13/2008 Outperform NS $4.79 +811.50% +189.42% +622.08 0 Comment
HCOCDR < 20 10/20/2008 Outperform 5Y $5.24 +732.38% +187.40% +544.98 1 Comment
SidBord 60.59 10/21/2008 Outperform 3M $5.45 +700.58% +181.96% +518.62 0 Comment
failedbailout 76.30 10/9/2008 Outperform 5Y $5.98 +629.42% +180.97% +448.45 0 Comment
2009pix 97.81 1/2/2009 Outperform NS $7.21 +505.33% +199.88% +305.45 0 Comment
2st5 91.61 1/8/2009 Outperform NS $7.44 +486.40% +201.59% +284.82 0 Comment
IxnayOnTheArptay 84.52 2/2/2009 Outperform NS $7.13 +511.90% +232.48% +279.42 0 Comment
CROIC 25.19 10/3/2011 Outperform 5Y $9.37 +365.90% +136.92% +228.98 0 Comment

Wall Street

See what the Wall Street professionals think, according to their public statements and filings.

Player Name Player
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
S&P
Gain
Score End Date Commentary
TrackBofASec 94.85 11/7/2007 Outperform NS $17.79 -35.34% -32.31% -3.03 10/8/2008 @ $11.50 0 Comment
TrackRodriguez 57.88 9/30/2007 Outperform NS $14.82 +194.51% +83.00% +111.51 1 Comment
TrackJohnRogers 66.90 9/30/2007 Outperform NS $14.82 +194.51% +83.00% +111.51 5 Comments
TrackRichPzena 86.58 9/30/2007 Outperform NS $14.82 +194.51% +83.00% +111.51 2 Comments
TrackMatrix < 20 11/27/2006 Outperform NS $18.00 -0.31% -1.52% +1.21 4/17/2012 @ $17.94 0 Comment

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