Piper Sandler analyst John Barnidge raised the firm’s price target on Horace Mann (HMN) to $42 from $36 and keeps a Neutral rating on the shares. The firm notes there was improvement in P&C underwriting along with continued persistently better than expected earnings emergence out of Supplemental & Group Benefits. Life & Retirement is continuing to be impacted by some elevated mortality that is not anticipated to persist, Piper adds.
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