CNO Financial Group (CNO) Stock Price, News & Analysis

Company Overview

CNO Financial Group, Inc., through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, insurance products, and financial services for senior and middle-income markets in the United States. It offers Medicare supplement, supplemental health, and long-term care insurance policies; life insurance; and annuities, as well as Medicare advantage plans to individuals through phone, online, mail, and face-to-face. The company also focuses on sale of voluntary benefit life and health insurance products for businesses, associations, and other membership groups by interacting with customers at their place of employment. In addition, it provides fixed indexed annuities; fixed interest annuities, including fixed rate single and flexible premium deferred annuities; single premium immediate annuities; supplemental health products, such as specified disease, accident, and hospital indemnity products; and long-term care plans primarily to retirees and older self-employed individuals in the middle-income market. Further, the company offers universal life and other interest-sensitive life products; and traditional life policies that include whole life, graded benefit life, term life, and single premium whole life products, as well as graded benefit life insurance products. It markets its products under the Bankers Life, Washington National, and Colonial Penn brand names. The company was founded in 1979 and is headquartered in Carmel, Indiana.

Key Stats

• Today's Range: $37.36 to $37.68
• 50-Day Range: $34.24 to $40.50
• 52-Week Range: $24.92 to $40.91
• Volume: 18,503 shs
• Average Volume: 729,815 shs
• Market Capitalization: $3.88 billion
• P/E Ratio: 15.15
• Dividend Yield: 1.70%
• Price Target: $35.80
• Consensus Rating: Hold

CNO Financial Group Stock Analysis - MarketRank™

CNO Financial Group scored higher than 84% of companies evaluated by MarketBeat, and ranked 226th out of 959 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.1 / 5
• Analyst Rating: Hold

Consensus Rating

CNO Financial Group has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 2 buy ratings, 2 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

CNO Financial Group has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 0.80%

Earnings Growth

Earnings for CNO Financial Group are expected to grow by 0.80% in the coming year, from $3.73 to $3.76 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of CNO Financial Group is 15.15, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.61.

Price to Earnings Ratio vs. Sector

The P/E ratio of CNO Financial Group is 15.15, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 49.01.

Price to Book Value per Share Ratio

CNO Financial Group has a P/B Ratio of 1.90. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.98% of the float of CNO Financial Group has been sold short.

Short Interest Ratio / Days to Cover

CNO Financial Group has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in CNO Financial Group has recently increased by 3.11%, indicating that investor sentiment is decreasing.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

CNO Financial Group pays a meaningful dividend of 1.68%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

CNO Financial Group has been increasing its dividend for 12 years.

Dividend Coverage

The dividend payout ratio of CNO Financial Group is 25.81%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, CNO Financial Group will have a dividend payout ratio of 17.02% next year. This indicates that CNO Financial Group will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 4.2 / 5
• Environmental Score: -0.18

Percentage of Shares Shorted

1.98% of the float of CNO Financial Group has been sold short.

Short Interest Ratio / Days to Cover

CNO Financial Group has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in CNO Financial Group has recently increased by 3.11%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.1 / 5
• News Sentiment: 0.69

News Sentiment

CNO Financial Group has a news sentiment score of 0.69. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for CNO Financial Group this week, compared to 4 articles on an average week.

MarketBeat Follows

Only 1 people have added CNO Financial Group to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, CNO Financial Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $347,250.00 in company stock.

Percentage Held by Insiders

Only 3.21% of the stock of CNO Financial Group is held by insiders.

Percentage Held by Institutions

95.43% of the stock of CNO Financial Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CNO Stock Analysis - Frequently Asked Questions

How have CNO shares performed this year?

CNO Financial Group's stock was trading at $27.90 at the beginning of 2024. Since then, CNO shares have increased by 34.7% and is now trading at $37.58.
View the best growth stocks for 2024 here.

How were CNO Financial Group's earnings last quarter?

CNO Financial Group, Inc. (NYSE:CNO) released its earnings results on Thursday, October, 31st. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.82 by $0.29. CNO Financial Group's revenue was up 19.2% compared to the same quarter last year.

Who are CNO Financial Group's major shareholders?

Top institutional investors of CNO Financial Group include State Street Corp (4.67%), Pzena Investment Management LLC (4.33%), Franklin Resources Inc. (4.13%) and Geode Capital Management LLC (2.46%). Insiders that own company stock include Eric R Johnson, Gary C Bhojwani, Matthew J Zimpfer, Paul H Mcdonough, Scott L Goldberg, Rocco F Tarasi III, Karen Detoro, John R Kline, Jeremy David Williams, Frederick James Sievert, Steven E Shebik, Jeanne L Linnenbringer, Michael E Mead, David B Foss and Yvonne K Franzese.
View institutional ownership trends.

How do I buy shares of CNO Financial Group?

Shares of CNO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of CNO Financial Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that CNO Financial Group investors own include American Water Works (AWK), Humana (HUM), Waste Connections (WCN), The RMR Group (RMR), Voyager Therapeutics (VYGR), DiamondRock Hospitality (DRH) and AUO (AUOTY).

Company Calendar

• Ex-Dividend for 9/24 Dividend: 9/10/2024
• Dividend Payable: 9/24/2024
• Last Earnings: 10/31/2024
• Ex-Dividend for 12/24 Dividend: 12/10/2024
• Today: 12/18/2024
• Dividend Payable: 12/24/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Accident & health insurance
• Sub-Industry: Life & Health Insurance
• Current Symbol: NYSE:CNO
• CUSIP: 12621E10
• CIK: 1224608
• Web: www.cnoinc.com
• Phone: (317) 817-6100
• Fax: 317-817-2847
• Employees: 3,500
• Year Founded: 1979

Price Target and Rating

• Average Stock Price Target: $35.80
• High Stock Price Target: $41.00
• Low Stock Price Target: $29.00
• Potential Upside/Downside: -4.6%
• Consensus Rating: Hold
• Rating Score (0-4): 2.20
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.48
• Trailing P/E Ratio: 15.13
• Forward P/E Ratio: 10.06
• P/E Growth: N/A
• Net Income: $276.50 million
• Net Margins: 6.06%
• Pretax Margin: 7.82%
• Return on Equity: 17.53%
• Return on Assets: 1.18%

Debt

• Debt-to-Equity Ratio: 1.50
• Current Ratio: 0.19
• Quick Ratio: 0.19

Sales & Book Value

• Annual Sales: $4.52 billion
• Price / Sales: 0.86
• Cash Flow: $3.12 per share
• Price / Cash Flow: 12.04
• Book Value: $19.75 per share
• Price / Book: 1.90

Miscellaneous

• Outstanding Shares: 103,209,000
• Free Float: 100,113,000
• Market Cap: $3.87 billion
• Optionable: Optionable
• Beta: 1.02