CNO Financial (NYSE:CNO) Receives Upgrade From Morgan Stanley. Will Other Analysts Follow Suit?

May 17, 2018 - By Harriett Tippett

CNO Financial Group, Inc. (NYSE:CNO) Logo

CNO Financial (NYSE:CNO) Stock Upgrade

Morgan Stanley raised shares of CNO Financial (NYSE:CNO) from a Underweight rating to a solid Equal-Weight in a research report issued to investors and clients on today.

CNO Financial Group, Inc. (NYSE:CNO) Ratings Coverage

Among 3 analysts covering CNO Financial (NYSE:CNO), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. CNO Financial has $27.0 highest and $26.0 lowest target. $26.50’s average target is 30.64% above currents $20.285 stock price. CNO Financial had 3 analyst reports since December 21, 2017 according to SRatingsIntel. The firm has “Buy” rating given on Monday, March 12 by William Blair. The stock of CNO Financial Group, Inc. (NYSE:CNO) earned “Hold” rating by Keefe Bruyette & Woods on Thursday, December 21.

The stock increased 0.72% or $0.145 during the last trading session, reaching $20.285. About 1.59M shares traded or 41.76% up from the average. CNO Financial Group, Inc. (NYSE:CNO) has risen 7.32% since May 17, 2017 and is uptrending. It has underperformed by 4.23% the S&P500.

Analysts await CNO Financial Group, Inc. (NYSE:CNO) to report earnings on July, 25. They expect $0.51 earnings per share, up 13.33 % or $0.06 from last year’s $0.45 per share. CNO’s profit will be $85.36M for 9.94 P/E if the $0.51 EPS becomes a reality. After $0.44 actual earnings per share reported by CNO Financial Group, Inc. for the previous quarter, Wall Street now forecasts 15.91 % EPS growth.

CNO Financial Group, Inc., through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, and other insurance products for senior and middle-income markets in the United States. The company has market cap of $3.40 billion. It operates through Bankers Life, Washington National, Colonial Penn, and Long-Term Care in Run Off divisions. It has a 19.89 P/E ratio. The Bankers Life segment markets and distributes Medicare supplement insurance, interest-sensitive and traditional life insurance, fixed annuities, and long-term care insurance products; and Medicare advantage and prescription drug plan products through various distribution and marketing agreements.

More notable recent CNO Financial Group, Inc. (NYSE:CNO) news were published by: which released: “Forbes Names CNO Financial Group Among America’s Best Midsize Employers 2018” on May 04, 2018, also with their article: “CNO Financial Group’s (CNO) CEO Gary Bhojwani on Q1 2018 Results – Earnings Call Transcript” published on April 26, 2018, published: “Factors of Influence in 2018, Key Indicators and Opportunity within Fred’s, Nexstar Broadcasting Group, CNO Financial …” on May 14, 2018. More interesting news about CNO Financial Group, Inc. (NYSE:CNO) were released by: and their article: “CNO Financial Group Names New Chairman of the Board and Announces Increase to Quarterly Dividend and Results …” published on May 09, 2018 as well as‘s news article titled: “Benzinga’s Top Upgrades, Downgrades For May 17, 2018” with publication date: May 17, 2018.

CNO Financial Group, Inc. (NYSE:CNO) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: