Is HG or HMN more undervalued in 2026?

CirclFi compares Hamilton Insurance Group, Ltd. (HG) and Horace Mann Educators Corporati (HMN) using 13 institutional-grade valuation models. HG has a Quality of Company score of 9.7/10 while HMN scores 7.7/10.

Which is a better buy — HG or HMN?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do HG and HMN valuations compare?

HG at $29.61 and HMN at $45.73 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

HG vs HMN Valuation Comparison 2026 — Intrinsic Value Analysis

HG

Fire, Marine & Casualty Insurance

Hamilton Insurance Group, Ltd.

Quality

9.7

out of 10

Value Trap

SAFE

Price

$29.61

Last close

Models

12/13

Active

HMN

Fire, Marine & Casualty Insurance

Horace Mann Educators Corporati

Quality

7.7

out of 10

Value Trap

SAFE

Price

$45.73

Last close

Models

11/13

Active

Model-by-Model Comparison

Model	Type	HG Fair Value	HG Upside	HMN Fair Value	HMN Upside
Bayesian DCF	Intrinsic	$105.02	+254.7%	$150.41	+228.9%
Earnings Power Value	Intrinsic	$32.40	+2.6%	$19.91	-56.5%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

🔒

Unlock Full 13-Model Comparison

Access all valuation models for HG vs HMN — including EROIC Spread, First Chicago, Markov DDM, PWERM, and 7 more.

Access Full Analysis — From $27/mo →

HG vs HMN — Which Stock Is More Undervalued?

HG scores higher with a 9.7/10 quality rating vs HMN's 7.7/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Hamilton Insurance Group, Ltd. (HG) and Horace Mann Educators Corporati (HMN) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

HG currently trades at $29.61 with a QOC of 9.7/10, while HMN trades at $45.73 with a QOC of 7.7/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).