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CNO Financial (CNO) Receives a Hold from Morgan Stanley

In a report released today, Nigel Dally from Morgan Stanley maintained a Hold rating on CNO Financial (CNOResearch Report), with a price target of $28.00. The company’s shares closed last Friday at $25.54.

According to TipRanks.com, Dally is a 5-star analyst with an average return of 20.0% and a 67.5% success rate. Dally covers the Financial sector, focusing on stocks such as American Equity Investment Life, Jackson Financial Incorporation, and Brighthouse Financial.

CNO Financial has an analyst consensus of Hold, with a price target consensus of $27.50, implying an 8.4% upside from current levels. In a report issued on January 5, Piper Sandler also downgraded the stock to Hold with a $27.00 price target.

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Based on CNO Financial’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $968 million and net profit of $99.8 million. In comparison, last year the company earned revenue of $1.01 billion and had a net profit of $129 million.

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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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