Morgan Stanley Has Just Issued an Upgrade of CNO Financial (NYSE:CNO) with a $22.0000 Target Price

May 18, 2018 - By Eugene Smith

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

CNO Financial (NYSE:CNO) Stock Upgrade

CNO Financial (NYSE:CNO) was just upgraded by Morgan Stanley to a respectable “Hold” rating in an analyst report issued to clients on Thursday morning. The firm from today has a $22.0000 TP on the shares. This target is 8.37 % from CNO’s current share price.

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 firm has “Hold” rating given on Thursday, December 21 by Keefe Bruyette & Woods. William Blair initiated CNO Financial Group, Inc. (NYSE:CNO) on Monday, March 12 with “Buy” rating.

The stock increased 0.79% or $0.16 during the last trading session, reaching $20.3. About 1.87 million shares traded or 67.30% up from the average. CNO Financial Group, Inc. (NYSE:CNO) has risen 7.32% since May 18, 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 EPS, 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 EPS 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 notable recent CNO Financial Group, Inc. (NYSE:CNO) news were published by: which released: “CNO Financial Group Names New Chairman of the Board and Announces Increase to Quarterly Dividend and Results …” on May 09, 2018, also with their article: “Factors of Influence in 2018, Key Indicators and Opportunity within Fred’s, Nexstar Broadcasting Group, CNO Financial …” published on May 14, 2018, published: “Forbes Names CNO Financial Group Among America’s Best Midsize Employers 2018” on May 04, 2018. More interesting news about CNO Financial Group, Inc. (NYSE:CNO) were released by: and their article: “CNO Financial Group’s (CNO) CEO Gary Bhojwani on Q1 2018 Results – Earnings Call Transcript” published on April 26, 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

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