Horace Mann Educators Stock Z Score

HMN Stock  USD 41.27  0.16  0.39%   
Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out Horace Mann Piotroski F Score and Horace Mann Valuation analysis.
  
At this time, Horace Mann's Net Invested Capital is very stable compared to the past year. As of the 26th of November 2024, Capital Expenditures is likely to grow to about 174.1 M, while Capital Surpluse is likely to drop about 493.9 M. At this time, Horace Mann's Cost Of Revenue is very stable compared to the past year. As of the 26th of November 2024, Net Income From Continuing Ops is likely to grow to about 77.4 M, while Selling General Administrative is likely to drop about 173.5 M.

Horace Mann Educators Company Z Score Analysis

Horace Mann's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..

Z Score

 = 

Sum Of

5 Factors

More About Z Score | All Equity Analysis

First Factor

 = 

1.2 * (

Working Capital

/

Total Assets )

Second Factor

 = 

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

 = 

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

 = 

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

 = 

0.99 * (

Revenue

/

Total Assets )

Horace Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Horace Mann is extremely important. It helps to project a fair market value of Horace Stock properly, considering its historical fundamentals such as Z Score. Since Horace Mann's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Horace Mann's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Horace Mann's interrelated accounts and indicators.
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0.83-0.080.850.780.280.050.420.520.460.640.17-0.35-0.780.240.170.70.10.420.490.320.440.04
0.3-0.080.20.350.20.120.470.430.49-0.520.720.59-0.250.920.710.240.710.73-0.02-0.20.290.73
0.980.850.20.970.320.160.370.550.790.470.360.11-0.840.470.490.430.560.720.410.240.150.42
1.00.780.350.970.330.230.420.610.830.390.410.19-0.820.570.650.460.660.820.390.210.190.53
0.330.280.20.320.330.42-0.060.00.270.190.360.14-0.430.180.320.380.320.410.530.850.070.22
0.210.050.120.160.230.420.030.03-0.010.320.130.02-0.44-0.040.540.160.270.380.590.49-0.19-0.03
0.430.420.470.370.42-0.060.030.710.070.050.21-0.06-0.390.540.370.370.240.37-0.07-0.120.49-0.02
0.610.520.430.550.610.00.030.710.370.2-0.02-0.2-0.560.570.440.490.270.4-0.060.040.550.28
0.80.460.490.790.830.27-0.010.070.37-0.020.570.53-0.550.670.570.230.780.80.16-0.010.060.87
0.430.64-0.520.470.390.190.320.050.2-0.02-0.33-0.55-0.58-0.37-0.020.34-0.220.00.590.5-0.01-0.41
0.390.170.720.360.410.360.130.21-0.020.57-0.330.62-0.390.750.490.290.620.780.37-0.130.170.62
0.13-0.350.590.110.190.140.02-0.06-0.20.53-0.550.620.10.490.49-0.420.80.54-0.19-0.25-0.440.69
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0.540.240.920.470.570.18-0.040.540.570.67-0.370.750.49-0.460.610.370.690.780.02-0.220.420.76
0.60.170.710.490.650.320.540.370.440.57-0.020.490.49-0.490.610.290.790.850.320.110.050.62
0.510.70.240.430.460.380.160.370.490.230.340.29-0.42-0.590.370.29-0.060.410.570.310.820.13
0.60.10.710.560.660.320.270.240.270.78-0.220.620.8-0.390.690.79-0.060.840.060.02-0.240.78
0.790.420.730.720.820.410.380.370.40.80.00.780.54-0.680.780.850.410.840.430.070.160.74
0.410.49-0.020.410.390.530.59-0.07-0.060.160.590.37-0.19-0.690.020.320.570.060.430.490.11-0.02
0.230.32-0.20.240.210.850.49-0.120.04-0.010.5-0.13-0.25-0.38-0.220.110.310.020.070.49-0.05-0.16
0.230.440.290.150.190.07-0.190.490.550.06-0.010.17-0.44-0.260.420.050.82-0.240.160.11-0.050.1
0.480.040.730.420.530.22-0.03-0.020.280.87-0.410.620.69-0.250.760.620.130.780.74-0.02-0.160.1
Click cells to compare fundamentals
To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
Competition

According to the company's disclosures, Horace Mann Educators has a Z Score of 0.0. This is 100.0% lower than that of the Insurance sector and about the same as Financials (which currently averages 0.0) industry. The z score for all United States stocks is 100.0% higher than that of the company.

Horace Z Score Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Horace Mann's direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Horace Mann could also be used in its relative valuation, which is a method of valuing Horace Mann by comparing valuation metrics of similar companies.
Horace Mann is currently under evaluation in z score category among its peers.

Horace Mann Current Valuation Drivers

We derive many important indicators used in calculating different scores of Horace Mann from analyzing Horace Mann's financial statements. These drivers represent accounts that assess Horace Mann's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Horace Mann's important valuation drivers and their relationship over time.
201920202021202220232024 (projected)
Market Cap1.5B1.8B1.7B1.6B1.5B946.9M
Enterprise Value1.8B2.2B2.2B2.0B1.8B1.1B

Horace Mann ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Horace Mann's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Horace Mann's managers, analysts, and investors.
Environmental
Governance
Social

Horace Mann Institutional Holders

Institutional Holdings refers to the ownership stake in Horace Mann that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Horace Mann's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Horace Mann's value.
Shares
Geode Capital Management, Llc2024-09-30
954.1 K
Bank Of America Corp2024-06-30
908.3 K
Gw&k Investment Management, Llc2024-09-30
905.7 K
Cramer Rosenthal Mcglynn Llc2024-09-30
734.2 K
Amvescap Plc.2024-06-30
563.4 K
Charles Schwab Investment Management Inc2024-09-30
558.3 K
Ameriprise Financial Inc2024-06-30
523 K
Bank Of New York Mellon Corp2024-06-30
461 K
Northern Trust Corp2024-09-30
436.4 K
Blackrock Inc2024-06-30
5.9 M
Vanguard Group Inc2024-09-30
M

Horace Fundamentals

About Horace Mann Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Horace Mann Educators's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Horace Mann using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Horace Mann Educators based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

Pair Trading with Horace Mann

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Horace Mann position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Horace Mann will appreciate offsetting losses from the drop in the long position's value.

Moving together with Horace Stock

  0.74L Loews Corp Sell-off TrendPairCorr

Moving against Horace Stock

  0.45FACO First Acceptance CorpPairCorr
  0.33CNA CNA FinancialPairCorr
The ability to find closely correlated positions to Horace Mann could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Horace Mann when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Horace Mann - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Horace Mann Educators to buy it.
The correlation of Horace Mann is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Horace Mann moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Horace Mann Educators moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Horace Mann can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Horace Mann Educators offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Horace Mann's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Horace Mann Educators Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Horace Mann Educators Stock:
Check out Horace Mann Piotroski F Score and Horace Mann Valuation analysis.
You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Is Multi-line Insurance space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Horace Mann. If investors know Horace will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Horace Mann listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
1.964
Dividend Share
1.35
Earnings Share
2.52
Revenue Per Share
38.477
Quarterly Revenue Growth
0.088
The market value of Horace Mann Educators is measured differently than its book value, which is the value of Horace that is recorded on the company's balance sheet. Investors also form their own opinion of Horace Mann's value that differs from its market value or its book value, called intrinsic value, which is Horace Mann's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Horace Mann's market value can be influenced by many factors that don't directly affect Horace Mann's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Horace Mann's value and its price as these two are different measures arrived at by different means. Investors typically determine if Horace Mann is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Horace Mann's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.