Keefe Bruyette analyst Meyer Shields lowered the firm’s price target on Horace Mann to $39 from $40 and keeps an Outperform rating on the shares following the Q2 report. The firm expects compounding earned property and casualty rate increases and moderating personal auto loss trends to support underwriting margin improvement in the second half of 2024 and 2025.
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Read More on HMN:
- Horace Mann revises FY24 core EPS view to $2.40-$2.70, consensus $2.55
- Horace Mann reports Q2 adjusted core EPS 27c, consensus 19c
- Horace Mann upgraded to Strong Buy from Market Perform at Raymond James
- Horace Mann initiated with a Strong Buy at Raymond James
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