The stock of CNO Financial Group Inc (NYSE:CNO) is a huge mover today! About 917,091 shares traded hands. CNO Financial Group Inc (NYSE:CNO) has declined 16.90% since March 1, 2016 and is downtrending. It has underperformed by 26.14% the S&P500.
The move comes after 7 months positive chart setup for the $2.60B company. It was reported on Oct, 4 by Barchart.com. We have $21.65 PT which if reached, will make NYSE:CNO worth $1.12 billion more.
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 $61.82 million for 10.51 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 of CNO Financial Group Inc (NYSE:CNO) has “Outperform” rating given on Friday, September 23 by Wells Fargo. Raymond James initiated the stock with “Outperform” rating in Tuesday, December 22 report. As per Tuesday, August 2, the company rating was maintained by Wood. The firm earned “Buy” rating on Tuesday, August 25 by BTIG Research. Deutsche Bank initiated CNO Financial Group Inc (NYSE:CNO) on Monday, January 25 with “Hold” rating. The company was downgraded on Friday, September 30 by Goldman Sachs. On Tuesday, November 17 the stock rating was initiated by Goldman Sachs with “Buy”. The stock has “Market Perform” rating given by Keefe Bruyette & Woods on Wednesday, November 4. The rating was reinitiated by Bruyette & Woods” with “Outperform” on Wednesday, July 29. The rating was initiated by Wood on Wednesday, July 29 with “Outperform”.
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 Named Second Healthiest Workplace in America” on October 04, 2016, also Prnewswire.com with their article: “CNO Financial Group Announces Termination of Long-Term Care Reinsurance …” published on September 29, 2016, Streetinsider.com published: “S&P Removes CNO Financial Group (CNO), Subsidiaries from CreditWatch Negative” on October 04, 2016. More interesting news about CNO Financial Group Inc (NYSE:CNO) were released by: Insurancejournal.com and their article: “CNO Financial Ends Ties with Beechwood Re, Sues Over Hedge Fund Exposure” published on September 30, 2016 as well as Forbes.com‘s news article titled: “Ex-Dividend Reminder: Weyerhaeuser, Universal Insurance Holdings and CNO …” with publication date: September 06, 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.
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