In today’s session CNO Financial Group Inc (CNO) registered an unusually high (1,564) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the March, 2017 call, expecting serious CNO increase. With 1,564 contracts traded and 8194 open interest for the Mar, 17 contract, it seems this is a quite bullish bet. The option with symbol: CNO170317C00019000 closed last at: $0.35 or 12.5% down. The stock last traded at $15.67 per share. It is down 14.00% since March 14, 2016 and is downtrending. It has underperformed by 19.61% 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 $64.10M for 10.88 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 rating was downgraded by Keefe Bruyette & Woods to “Market Perform” on Wednesday, November 4. The rating was maintained by BTIG Research on Tuesday, August 25 with “Buy”. Wells Fargo initiated the shares of CNO in a report on Friday, September 23 with “Outperform” rating. On Tuesday, December 22 the stock rating was initiated by Raymond James with “Outperform”. The firm earned “Buy” rating on Tuesday, November 17 by Goldman Sachs. The company was initiated on Monday, January 25 by Deutsche Bank. Bruyette & Woods” reinitiated the shares of CNO in a report on Wednesday, July 29 with “Outperform” rating. The stock of CNO Financial Group Inc (NYSE:CNO) has “Outperform” rating given on Wednesday, July 29 by Wood. The stock has “Market Perform” rating given by Wood on Tuesday, August 2. Deutsche Bank maintained it with “Hold” rating and $20 target price in Monday, May 2 report.
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.”
CNO Financial Group, Inc. 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 company has a market cap of $2.79 billion. It operates through three operating divisions: Bankers Life, Washington National and Colonial Penn. It has a 10.53 P/E ratio. The Bankers Life segment markets and distributes Medicare supplement insurance, interest-sensitive life insurance, traditional life insurance, fixed annuities and long-term care insurance products through a field force of career agents and sales managers supported by a network of sales offices.
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.
More 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 published the news titled: “CNO Financial Group Announces Termination of Long-Term Care Reinsurance …” on September 29, 2016. Benzinga.com‘s news article titled: “Goldman Removes CNO Financial From Buy List” with publication date: September 30, 2016 was also an interesting one.
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