CNO Financial Receives a Buy from FBR Capital

By Carrie Williams

FBR Capital analyst Randy Binner reiterated a Buy rating on CNO Financial (NYSE: CNO) today. The company’s shares opened today at $20.41.

According to, Binner is a 5-star analyst with an average return of 12.6% and a 72.8% success rate. Binner covers the Financial sector, focusing on stocks such as American Equity Investment Life, American International Group, and State National Companies Inc.

CNO Financial has an analyst consensus of Moderate Buy, with a price target consensus of $22.

Based on CNO Financial’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.03 billion and quarterly net profit of $62.3 million. In comparison, last year the company earned revenue of $979 million and had a net profit of $45.5 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.