Is Buying CNO Financial Group Inc Here a Winning Strategy? Option Traders Like The Stock

 Is Buying CNO Financial Group Inc Here a Winning Strategy? Option Traders Like The Stock

In today’s session CNO Financial Group Inc (CNO) registered an unusually high (250) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious CNO increase. With 250 contracts traded and 544 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: CNO161118C00017000 closed last at: $0.5 or 100% up. About 452,494 shares traded hands. CNO Financial Group Inc (NYSE:CNO) has declined 3.76% since April 13, 2016 and is downtrending. It has underperformed by 7.69% the S&P500.

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. As per Monday, January 25, the company rating was initiated by Deutsche Bank. Goldman Sachs downgraded the shares of CNO in a report on Friday, September 30 to “Neutral” rating. On Wednesday, November 4 the stock rating was downgraded by Keefe Bruyette & Woods to “Market Perform”. The stock of CNO Financial Group Inc (NYSE:CNO) has “Outperform” rating given on Wednesday, July 29 by Wood. The stock of CNO Financial Group Inc (NYSE:CNO) has “Hold” rating given on Monday, May 2 by Deutsche Bank. BTIG Research maintained the shares of CNO in a report on Tuesday, August 25 with “Buy” rating. Wells Fargo initiated the shares of CNO in a report on Friday, September 23 with “Outperform” rating. The rating was initiated by Goldman Sachs with “Buy” on Tuesday, November 17. The firm has “Outperform” rating by Raymond James given on Tuesday, December 22. The rating was reinitiated by Bruyette & Woods” with “Outperform” on Wednesday, July 29.

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 $3.12 billion. It operates through three operating divisions: Bankers Life, Washington National and Colonial Penn. It has a 12.31 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 notable recent CNO Financial Group Inc (NYSE:CNO) news were published by: Prnewswire.com which released: “Record Setting Day At CNO Financial Indianapolis Monumental Marathon” on November 05, 2016, also Prnewswire.com with their article: “CNO Financial Group To Present $17000 Check To Pacers Foundation, Boosting …” published on October 26, 2016, Prnewswire.com published: “CNO Financial Group Reports Third Quarter 2016 Results” on November 01, 2016. More interesting news about CNO Financial Group Inc (NYSE:CNO) were released by: Prnewswire.com and their article: “CNO Financial Group Announces Third Quarter 2016 Earnings Release Date” published on October 18, 2016 as well as Insurancenewsnet.com‘s news article titled: “CNO Financial Group Reports 3Q Results” with publication date: November 01, 2016.

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