CNO Financial Group Inc (CNO) is Downgraded by Goldman to Neutral

CNO Financial Group Inc (CNO) was Downgraded by Goldman to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Goldman advised their investors in a research report released on Sep 30, 2016.

Many Wall Street Analysts have commented on CNO Financial Group Inc. CNO Financial Group Inc was Initiated by Wells Fargo to “Outperform” on Sep 23, 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 opened for trading at $15.05 and hit $15.59 on the upside on Tuesday, eventually ending the session at $15.48, with a gain of 2.04% or 0.31 points. The heightened volatility saw the trading volume jump to 19,54,437 shares. Company has a market cap of $2,711 M.

In a different news, on Jun 27, 2016, Christopher J Nickele (EVP and Chief Actuary) sold 24,996 shares at $19.25 per share price. According to the SEC, on May 27, 2016, John R Kline (SVP & Chief Acctg Officer) sold 25,000 shares at $20.15 per share price. On May 23, 2016, Bruce K. Baude (EVP, Chief Ops & Tech Officer) sold 62,890 shares at $19.33 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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