CNO Financial Group Inc (CNO) is Reiterated by Deutsche Bank to Hold, Raises Price Target to $ 20

CNO Financial Group Inc (CNO) was Reiterated by Deutsche Bank to “Hold” according to the research note released today. The brokerage firm has raised the Price Target to $ 20 from a previous price target of $19 . Deutsche Bank advised their investors in a research report released on May 2, 2016.

On the company’s financial health, CNO Financial Group Inc reported $0.26 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on Apr 27, 2016. Analyst had a consensus of $0.32. The company had revenue of $960.40 million for the quarter, compared to analysts expectations of $971.07 million. The company’s revenue was down -1.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.30 EPS.

CNO Financial Group Inc closed down -0.21 points or -1.07% at $19.49 with 12,54,638 shares getting traded on Wednesday. Post opening the session at $19.7, the shares hit an intraday low of $19.46 and an intraday high of $19.81 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Nov 3, 2015, Scott R Perry (Chief Business Officer) sold 11,000 shares at $19.72 per share price. According to the SEC, on Jun 9, 2015, Christopher J Nickele (EVP and Chief Actuary) sold 97,707 shares at $18.25 per share price. On May 28, 2015, Matthew J. Zimpfer (EVP and General Counsel) sold 39,200 shares at $18.07 per share price, according to the Form-4 filing with the securities and exchange commission.

CNO Financial Group Inc. is a holding company for a group of insurance companies operating throughout the United States that develop market and administer health insurance annuity individual life insurance and other insurance products. The Company manages its business through three operating segments: Bankers Life Washington National and Colonial Penn. Bankers Life markets and distributes Medicare supplement insurance interest-sensitive life insurance traditional life insurance fixed annuities and long-term care insurance products. Washington National markets and distributes supplemental health including specified disease accident and hospital indemnity insurance products and life insurance. Colonial Penn markets primarily graded benefit and simplified issue life insurance.

CNO Financial Group Inc

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