Stock of the Day: CNO Financial Group Inc’s Stock Is Sell After Achieving 1 Year Low

Stock of the Day: CNO Financial Group Inc's Stock Is Sell After Achieving 1 Year Low

The stock of CNO Financial Group Inc (NYSE:CNO) hit a new 52-week low and has $13.84 target or 9.00% below today’s $15.21 share price. The 6 months bearish chart indicates high risk for the $2.61B company. The 1-year low was reported on Sep, 30 by Barchart.com. If the $13.84 price target is reached, the company will be worth $234.90M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 5.21M shares traded hands or 229.75% up from the average. CNO Financial Group Inc (NYSE:CNO) has declined 11.70% since February 26, 2016 and is downtrending. It has underperformed by 22.12% the S&P500.

Analysts await CNO Financial Group Inc (NYSE:CNO) to report earnings on October, 26. They expect $0.36 EPS, up 20.00% or $0.06 from last year’s $0.3 per share. CNO’s profit will be $61.73M for 10.57 P/E if the $0.36 EPS becomes a reality. After $0.35 actual EPS reported by CNO Financial Group Inc for the previous quarter, Wall Street now forecasts 2.86% EPS growth.

CNO Financial Group Inc (NYSE:CNO) Ratings Coverage

Out of 7 analysts covering CNO Financial Group (NYSE:CNO), 3 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 43% are positive. CNO Financial Group has been the topic of 12 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The stock has “Market Perform” rating given by Keefe Bruyette & Woods on Wednesday, November 4. Wood initiated CNO Financial Group Inc (NYSE:CNO) on Wednesday, July 29 with “Outperform” rating. The firm has “Outperform” rating given on Wednesday, July 29 by Bruyette & Woods”. The firm earned “Buy” rating on Tuesday, August 25 by BTIG Research. Wood maintained it with “Market Perform” rating and $19 target price in Tuesday, August 2 report. The firm earned “Outperform” rating on Tuesday, December 22 by Raymond James. Deutsche Bank maintained the shares of CNO in a report on Monday, May 2 with “Hold” rating. The company was initiated on Friday, September 23 by Wells Fargo. The firm has “Hold” rating given on Monday, January 25 by Deutsche Bank. The stock of CNO Financial Group Inc (NYSE:CNO) has “Buy” rating given on Tuesday, November 17 by Goldman Sachs.

According to Zacks Investment Research, “CNO Financial Group, Inc. is a holding company for a group of insurance companies operating throughout the United States that develop, market and administer supplemental health insurance, annuity, individual life insurance and other insurance products. The Company serves America’s middle-income consumers, with a focus on seniors. It manages its business through the following three primary operating segments: Bankers Life, Colonial Penn and Conseco Insurance Group. Bankers Life markets and distributes health and life insurance products and annuities to the middle-income senior market. Colonial Penn markets primarily graded benefit and simplified issue life insurance directly to customers through television advertising, direct mail, the internet and telemarketing. Conseco Insurance Group markets and distributes specified disease insurance, accident, disability, life insurance and annuities to middle-income consumers at home and at the worksite. CNO Financial Group, Inc. is headquartered in Carmel, Indiana.”

More notable recent CNO Financial Group Inc (NYSE:CNO) news were published by: Prnewswire.com which released: “CNO Financial Group Announces Termination of Long-Term Care Reinsurance …” on September 29, 2016, also Insurancejournal.com with their article: “CNO Financial Ends Ties with Beechwood Re, Sues Over Hedge Fund Exposure” published on September 30, 2016, Businesswire.com published: “Fitch Maintains CNO Financial Group on Rating Watch Negative” on September 30, 2016. More interesting news about CNO Financial Group Inc (NYSE:CNO) were released by: Prnewswire.com and their article: “Epsilon Signs New Multi-Year Agreement With CNO Financial Group For Enterprise …” published on September 29, 2016 as well as Prnewswire.com‘s news article titled: “National Business Group on Health Awards CNO Financial Group Top Honors For …” with publication date: September 15, 2016.

CNO Company Profile

CNO Financial Group, Inc., incorporated on March 25, 2003, is a holding firm for a group of insurance companies operating across the United States that develop, market and administer health insurance, annuity, individual life insurance and other insurance products. The Firm manages its business through three operating divisions: Bankers Life, Washington National and Colonial Penn. The Firm focuses on serving middle-income pre-retiree and retired Americans. The Firm sells its products through three distribution channels, which include career agents, independent producers and direct marketing. The Company’s product categories include health, annuities and life. Under health category of products, the Company offers Medicare supplement, long-term care, prescription drug plan and Medicare advantage plan, supplemental health, hospital indemnity and disability income products. Under annuities category of products, the Company offers fixed index annuity, traditional fixed rate annuity and single premium immediate annuity products. Under life category of life products, the Company offers traditional and interest-sensitive life insurance products.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Leave a Comment