CNO Financial Receives a Hold from KBW

By Carrie Williams

KBW analyst Melissa Roberts reiterated a Hold rating on CNO Financial (NYSE: CNO) yesterday and set a price target of $22. The company’s shares closed yesterday at $20.35.

According to, Roberts is a 3-star analyst with an average return of 8.1% and a 41.2% success rate. Roberts covers the Financial sector, focusing on stocks such as Fidelity National Financial Ventures, Central Valley Community Bancorp, and Western New England Bancorp Inc.

CNO Financial has an analyst consensus of Hold.

Based on CNO Financial’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $1.01 billion and quarterly net profit of $234 million. In comparison, last year the company earned revenue of $988 million and had a net profit of $137 million.

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Edward Bonach, the CEO of CNO sold 25,583 shares for a total of $527,777.

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CNO Financial Group, Inc. is an insurance holding company, which develops, markets and administers health insurance, annuity, individual life insurance and other insurance products. It operates through three segments: Bankers Life, Washington National, Colonial Penn. The Bankers Life segment markets and distributes Medicare supplement insurance, interest-sensitive life insurance, traditional life insurance, fixed annuities and long-term care insurance products to the middle-income senior market through a dedicated field force of career agents and sales managers supported by a network of community-based sales offices. The Washington National segment markets and distributes supplemental health including specified disease, accident and hospital indemnity insurance products and life insurance to middle-income consumers at home and at the worksite. The Colonial Penn segment markets primarily graded benefit and simplified issue life insurance directly to customers in the senior middle-income market through television advertising, direct mail, the internet and telemarketing. The company was founded in 1979 and is headquartered in Carmel, IN.