Revenue Update on CNO Financial Group Inc(NYSE:CNO)

CNO Financial Group Inc(NYSE:CNO) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 26, 2016. Company reported revenue of $1.00B. Analysts estimated a revenue of $961.56M. Earnings per share were $0.35. Analysts had estimated an EPS of $0.36.

In a different note, On Jul 7, 2016, Citigroup said it Maintains its rating on CNO Financial Group Inc. In the research note, the firm Lowers the price-target to $21.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 7, 2016, Deutsche Bank said it Maintains its rating on CNO Financial Group Inc. In the research note, the firm Lowers the price-target to $20.00 per share. The shares have been rated ‘Hold’ by the firm.

CNO Financial Group Inc (CNO) shares turned negative on Fridays trading session with the shares closing down -0.05 points or -0.29% at a volume of 13,22,394. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $17.55. The peak price level was also seen at $17.55 while the days lowest was $17.25. Finally the shares closed at $17.37. The 52-week high of the shares is $20.88 while the 52-week low is $14.66. According to the latest information available, the market cap of the company is $3,111 M.

Several Insider Transactions has been reported to the SEC. On Jun 27, 2016, Christopher J Nickele (EVP and Chief Actuary) sold 24,996 shares at $19.25 per share price.Also, On May 27, 2016, John R Kline (SVP & Chief Acctg Officer) sold 25,000 shares at $20.15 per share price.On May 23, 2016, Bruce K. Baude (EVP, Chief Ops & Tech Officer) sold 62,890 shares at $19.33 per share price, according to the Form-4 filing with the securities and exchange commission.

CNO Financial Group Inc. is a holding company for a group of insurance companies operating throughout the United States that develop market and administer health insurance annuity individual life insurance and other insurance products. The Company manages its business through three operating segments: Bankers Life Washington National and Colonial Penn. Bankers Life markets and distributes Medicare supplement insurance interest-sensitive life insurance traditional life insurance fixed annuities and long-term care insurance products. Washington National markets and distributes supplemental health including specified disease accident and hospital indemnity insurance products and life insurance. Colonial Penn markets primarily graded benefit and simplified issue life insurance.

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