Wells Fargo Initiates Coverage on CNO Financial Group Inc to Outperform

Wells Fargo Initiates Coverage on CNO Financial Group Inc(NYSE:CNO). The shares have been rated Outperform. The rating by Wells Fargo was issued on Sep 23, 2016.

In a different note, On Aug 2, 2016, Keefe Bruyette & Woods 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 ‘Market Perform’ by the firm. On Jul 28, 2016, Deutsche Bank said it Maintains its rating on CNO Financial Group Inc. In the research note, the firm Lowers the price-target to $19.00 per share. The shares have been rated ‘Hold’ by the firm. 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) made into the market gainers list on Tuesdays trading session with the shares advancing 2.04% or 0.31 points. Due to strong positive momentum, the stock ended at $15.48, which is also near the day’s high of $15.59. The stock began the session at $15.05 and the volume stood at 19,54,437 shares. The 52-week high of the shares is $20.88 and the 52 week low is $14.66. The company has a current market capitalization of $2,711 M and it has 17,51,39,090 shares in outstanding.

CNO Financial Group Inc(CNO) last announced its earnings results on Jul 26, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.00B. Analysts had an estimated revenue of $961.56M. Earnings per share were $0.35. Analysts had estimated an EPS of $0.36.

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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