CNO Financial Group, Inc., through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, and other insurance products for senior and middle-income markets in the United States. More Details
Fair value with mediocre balance sheet.
Share Price & News
How has CNO Financial Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CNO is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: CNO's weekly volatility (5%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: CNO exceeded the US Insurance industry which returned 7.8% over the past year.
Return vs Market: CNO exceeded the US Market which returned 41.9% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is CNO Financial Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StIf You Had Bought CNO Financial Group (NYSE:CNO) Stock Five Years Ago, You Could Pocket A 25% Gain Today
1 month ago | Simply Wall StCNO Financial Group, Inc. (NYSE:CNO) Vies For A Place In Your Dividend Portfolio: Here's Why
2 months ago | Simply Wall StSenior VP & Chief Accounting Officer John Kline Just Sold A Bunch Of Shares In CNO Financial Group, Inc. (NYSE:CNO)
Is CNO Financial Group undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: CNO ($24.25) is trading above our estimate of fair value ($15.51)
Significantly Below Fair Value: CNO is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: CNO is good value based on its PE Ratio (11.4x) compared to the US Insurance industry average (15.2x).
PE vs Market: CNO is good value based on its PE Ratio (11.4x) compared to the US market (21.7x).
Price to Earnings Growth Ratio
PEG Ratio: CNO's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: CNO is good value based on its PB Ratio (0.6x) compared to the US Insurance industry average (1x).
How is CNO Financial Group forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CNO's earnings are forecast to decline over the next 3 years (-4.1% per year).
Earnings vs Market: CNO's earnings are forecast to decline over the next 3 years (-4.1% per year).
High Growth Earnings: CNO's earnings are forecast to decline over the next 3 years.
Revenue vs Market: CNO's revenue is expected to decline over the next 3 years (-1.1% per year).
High Growth Revenue: CNO's revenue is forecast to decline over the next 3 years (-1.1% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CNO's Return on Equity is forecast to be low in 3 years time (5.2%).
How has CNO Financial Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CNO has high quality earnings.
Growing Profit Margin: CNO's current net profit margins (7.9%) are lower than last year (10.2%).
Past Earnings Growth Analysis
Earnings Trend: CNO's earnings have declined by 7.3% per year over the past 5 years.
Accelerating Growth: CNO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CNO had negative earnings growth (-26.1%) over the past year, making it difficult to compare to the Insurance industry average (-9.7%).
Return on Equity
High ROE: CNO's Return on Equity (5.5%) is considered low.
How is CNO Financial Group's financial position?
Financial Position Analysis
Short Term Liabilities: CNO's short term assets ($6.3B) exceed its short term liabilities ($2.5B).
Long Term Liabilities: CNO's short term assets ($6.3B) do not cover its long term liabilities ($27.3B).
Debt to Equity History and Analysis
Debt Level: CNO's debt to equity ratio (71.7%) is considered high.
Reducing Debt: CNO's debt to equity ratio has reduced from 99.9% to 71.7% over the past 5 years.
Debt Coverage: CNO's debt is not well covered by operating cash flow (18.7%).
Interest Coverage: CNO's interest payments on its debt are well covered by EBIT (4.2x coverage).
What is CNO Financial Group current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: CNO's dividend (1.98%) is higher than the bottom 25% of dividend payers in the US market (1.31%).
High Dividend: CNO's dividend (1.98%) is low compared to the top 25% of dividend payers in the US market (3.72%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, CNO has been paying a dividend for less than 10 years.
Growing Dividend: CNO's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (22.1%), CNO's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CNO's dividends in 3 years are forecast to be well covered by earnings (25.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Gary Bhojwani (52 yo)
Mr. Gary Chandru Bhojwani has been Chief Executive officer at CNO Financial Group since January 1, 2018. He was the President of CNO Financial Group, Inc. from April 18, 2016 to December 2017. Mr. Bhojwani...
CEO Compensation Analysis
Compensation vs Market: Gary's total compensation ($USD6.79M) is above average for companies of similar size in the US market ($USD4.96M).
Compensation vs Earnings: Gary's compensation has been consistent with company performance over the past year.
|CEO & Director||3.17yrs||US$6.79m||0.28% |
|CFO & Executive VP||2yrs||US$2.12m||0.011% |
|Executive VP and Chief Operations & Technology Officer||8.67yrs||US$2.07m||0.074% |
|Chief Investment Officer||17.5yrs||US$1.99m||0.34% |
|Executive VP & General Counsel||12.75yrs||US$2.05m||0.10% |
|Senior VP & Chief Accounting Officer||18.67yrs||US$575.89k||0.039% |
|VP of Corporate Finance & Treasurer||4.67yrs||no data||no data|
|Senior VP & Chief Information Officer||2.33yrs||no data||no data|
|Vice President of Finance & Administration||4.17yrs||no data||no data|
|Vice President of Investor Relations||2.58yrs||no data||no data|
|Chief Compliance Officer and Vice President||6.83yrs||no data||no data|
|Vice President of Communications||3.08yrs||no data||no data|
Experienced Management: CNO's management team is considered experienced (4.4 years average tenure).
|CEO & Director||3.17yrs||US$6.79m||0.28% |
|Independent Director||3.83yrs||US$259.47k||0.0097% |
|Independent Director||8.58yrs||US$282.32k||0.018% |
|Independent Director||9.83yrs||US$258.30k||0.032% |
|Independent Director||9.83yrs||US$290.00k||0.056% |
|Independent Chairman of the Board||2.83yrs||US$400.00k||0.018% |
|Director||0.33yr||no data||0.0055% |
|Independent Director||5.83yrs||US$275.00k||0.027% |
|Independent Director||8.83yrs||US$270.00k||0.051% |
|Independent Director||1.33yrs||US$111.47k||0.0044% |
Experienced Board: CNO's board of directors are considered experienced (4.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CNO insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
CNO Financial Group, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: CNO Financial Group, Inc.
- Ticker: CNO
- Exchange: NYSE
- Founded: 1979
- Industry: Life and Health Insurance
- Sector: Insurance
- Market Cap: US$3.279b
- Shares outstanding: 134.64m
- Website: https://www.cnoinc.com
Number of Employees
- CNO Financial Group, Inc.
- 11825 North Pennsylvania Street
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CNO||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Sep 2003|
|COS||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Sep 2003|
CNO Financial Group, Inc., through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, and other insurance products for senior and middle-income marke...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/03/02 23:05|
|End of Day Share Price||2021/03/02 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.