In a report issued on March 14, Suneet Kamath from Jefferies maintained a Hold rating on CNO Financial (CNO – Research Report), with a price target of $24.00. The company’s shares closed last Tuesday at $23.79.
According to TipRanks.com, Kamath is a 4-star analyst with an average return of 7.4% and a 61.5% success rate. Kamath covers the Financial sector, focusing on stocks such as Jackson Financial Incorporation, American Equity Investment Life, and Brighthouse Financial.
CNO Financial has an analyst consensus of Hold, with a price target consensus of $26.67.
CNO Financial’s market cap is currently $2.82B and has a P/E ratio of 7.08.
Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CNO in relation to earlier this year.
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 engages in developing, marketing, and administering health insurance, annuity, individual life insurance and other insurance products. It operates through the following segments: Bankers Life, Washington National, and 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.
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