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.
CNO Financial Group Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$25.76|
|52 Week High||US$17.05|
|52 Week Low||US$27.89|
|1 Month Change||7.42%|
|3 Month Change||12.20%|
|1 Year Change||47.96%|
|3 Year Change||36.30%|
|5 Year Change||58.82%|
|Change since IPO||18.44%|
Recent News & Updates
Here's Why I Think CNO Financial Group (NYSE:CNO) Might Deserve Your Attention Today
Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
|CNO||US Insurance||US Market|
Return vs Industry: CNO exceeded the US Insurance industry which returned 46.9% over the past year.
Return vs Market: CNO exceeded the US Market which returned 33.4% over the past year.
Stable Share Price: CNO is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: CNO's weekly volatility (3%) has been stable over the past year.
About the Company
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. It offers Medicare supplement, supplemental health, and long-term care insurance policies; life insurance; and annuities, as well as Medicare advantage plans to individuals through phone, online, mail, and face-to-face. The company also focuses on worksite and group sales for businesses, associations, and other membership groups by interacting with customers at their place of employment.
CNO Financial Group Fundamentals Summary
|CNO fundamental statistics|
Is CNO overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|CNO income statement (TTM)|
|Cost of Revenue||US$2.24b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Oct 27, 2021
|Earnings per share (EPS)||3.65|
|Net Profit Margin||11.19%|
How did CNO perform over the long term?See historical performance and comparison
2.0%Current Dividend Yield
Is CNO Financial Group undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CNO ($25.76) is trading below our estimate of fair value ($46.99)
Significantly Below Fair Value: CNO is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CNO is good value based on its PE Ratio (7.1x) compared to the US Insurance industry average (10.3x).
PE vs Market: CNO is good value based on its PE Ratio (7.1x) compared to the US market (18.1x).
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 (1.2x).
How is CNO Financial Group forecast to perform in the next 1 to 3 years based on estimates from 4 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 (-33.4% per year).
Earnings vs Market: CNO's earnings are forecast to decline over the next 3 years (-33.4% 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 (-2.8% per year).
High Growth Revenue: CNO's revenue is forecast to decline over the next 3 years (-2.8% 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 (8.3%).
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 (11.2%) are higher than last year (10.2%).
Past Earnings Growth Analysis
Earnings Trend: CNO's earnings have grown by 4.2% per year over the past 5 years.
Accelerating Growth: CNO's earnings growth over the past year (22.5%) exceeds its 5-year average (4.2% per year).
Earnings vs Industry: CNO earnings growth over the past year (22.5%) underperformed the Insurance industry 70.4%.
Return on Equity
High ROE: CNO's Return on Equity (8.8%) is considered low.
How is CNO Financial Group's financial position?
Financial Position Analysis
Short Term Liabilities: CNO's short term assets ($6.0B) exceed its short term liabilities ($2.5B).
Long Term Liabilities: CNO's short term assets ($6.0B) do not cover its long term liabilities ($27.7B).
Debt to Equity History and Analysis
Debt Level: CNO's debt to equity ratio (73.8%) is considered high.
Reducing Debt: CNO's debt to equity ratio has reduced from 93.7% to 73.8% over the past 5 years.
Debt Coverage: CNO's debt is not well covered by operating cash flow (16.5%).
Interest Coverage: CNO's interest payments on its debt are well covered by EBIT (7.3x coverage).
What is CNO Financial Group current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CNO's dividend (2.02%) is higher than the bottom 25% of dividend payers in the US market (1.28%).
High Dividend: CNO's dividend (2.02%) is low compared to the top 25% of dividend payers in the US market (3.48%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, CNO has been paying a dividend for less than 10 years.
Growing Dividend: CNO's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (14.3%), CNO's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CNO's dividends in 3 years are forecast to be well covered by earnings (24.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Gary Bhojwani (53 yo)
Mr. Gary Chandru Bhojwani has been Chief Executive officer at CNO Financial Group since January 1, 2018. He was the President of CNO Financial Group, Inc. from April 18, 2016 to December 2017. Mr. Bhojwani...
CEO Compensation Analysis
Compensation vs Market: Gary's total compensation ($USD8.26M) is above average for companies of similar size in the US market ($USD5.21M).
Compensation vs Earnings: Gary's compensation has increased by more than 20% in the past year.
Experienced Management: CNO's management team is seasoned and experienced (5 years average tenure).
Experienced Board: CNO's board of directors are considered experienced (4.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CNO insiders have bought more shares than they have sold 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 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$3.292b
- Shares outstanding: 127.79m
- Website: https://www.cnoinc.com
Number of Employees
- CNO Financial Group, Inc.
- 11825 North Pennsylvania Street
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/27 22:56|
|End of Day Share Price||2021/10/27 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.