Morgan Stanley Issues a Upgrade for CNO Financial Group (NYSE:CNO) from a “Underweight” to “Equal-Weight” Rating

May 17, 2018 - By Christine McCrea

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

CNO Financial Group (NYSE:CNO) Stock Upgrade

Morgan Stanley has boosted shares of CNO Financial Group (NYSE:CNO) stock to a “Equal-Weight” in an analyst report issued to investors and clients today. CNO’s past rating was only a “Underweight”.

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 30.54% above currents $20.3 stock price. CNO Financial had 3 analyst reports since December 21, 2017 according to SRatingsIntel. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Thursday, December 21. The firm earned “Buy” rating on Monday, March 12 by William Blair.

The stock increased 0.79% or $0.16 during the last trading session, reaching $20.3. About 1.87M shares traded or 67.20% 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 $85.34M for 9.95 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 19.9 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 important recent CNO Financial Group, Inc. (NYSE:CNO) news were published by: Seekingalpha.com which released: “CNO Financial Group’s (CNO) CEO Gary Bhojwani on Q1 2018 Results – Earnings Call Transcript” on April 26, 2018, also Prnewswire.com published article titled: “Forbes Names CNO Financial Group Among America’s Best Midsize Employers 2018”, Benzinga.com published: “Benzinga’s Top Upgrades, Downgrades For May 17, 2018” on May 17, 2018. More interesting news about CNO Financial Group, Inc. (NYSE:CNO) was released by: Globenewswire.com and their article: “Factors of Influence in 2018, Key Indicators and Opportunity within Fred’s, Nexstar Broadcasting Group, CNO Financial …” with publication date: May 14, 2018.

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

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