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CNO Financial Group Inc Stock Research

CNO

23.44USD-0.24(-1.01%)Delayedas of 21 Sep 2023, 02:40 pm
Watchlist

Market Summary

USD23.44-0.24
Delayedas of 21 Sep 2023, 02:40 pm
-1.01%

CNO Alerts

  • 1 major insider sales recently.
  • Big fall in earnings (Y/Y)

CNO Stock Price

CNO RSI Chart

CNO Valuation

Market Cap

2.7B

Price/Earnings (Trailing)

12.16

Price/Sales (Trailing)

0.69

EV/EBITDA

2.54

Price/Free Cashflow

4.88

CNO Price/Sales (Trailing)

CNO Profitability

EBT Margin

9.81%

Return on Equity

13.96%

Return on Assets

0.83%

Free Cashflow Yield

20.5%

CNO Fundamentals

CNO Revenue

Revenue (TTM)

3.9B

Revenue Y/Y

19.63%

Revenue Q/Q

1.67%

CNO Earnings

Earnings (TTM)

221.3M

Earnings Y/Y

-68.41%

Earnings Q/Q

9.3K%

Price Action

52 Week Range

17.4826.35
(Low)(High)

Last 7 days

1.3%

Last 30 days

2.3%

Last 90 days

5.5%

Trailing 12 Months

23.6%

CNO Financial Health

CNO Investor Care

Buy Backs (1Y)

1.61%

Diluted EPS (TTM)

1.91

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for CNO

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-09-19
Bhojwani Gary C
sold
-499,992
24.00
-20,833
chief executive officer
2023-09-19
Goldberg Scott L.
sold
-96,000
24.00
-4,000
president, consumer division
2023-09-08
Bhojwani Gary C
sold
-499,997
23.00
-21,739
chief executive officer
2023-08-11
Bhojwani Gary C
gifted
-
-
-11,227
chief executive officer
2023-07-26
TARASI ROCCO F III
sold
-19,125
25.5
-750
chief marketing officer
2023-07-19
TARASI ROCCO F III
sold
-18,750
25.00
-750
chief marketing officer
2023-06-20
TARASI ROCCO F III
sold
-45,680
22.84
-2,000
chief marketing officer
2023-06-18
Linnenbringer Jeanne L.
sold (taxes)
-1,587
23.00
-69.00
chief operations officer
2023-06-18
KLINE JOHN R
sold (taxes)
-1,426
23.00
-62.00
svp, chief accounting officer
2023-06-18
Mead Michael E.
sold (taxes)
-3,059
23.00
-133
chief information officer

1–10 of 50

Which funds bought or sold CNO recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-12
Farther Finance Advisors, LLC
added
34.62
251
828
-%
2023-08-24
Alberta Investment Management Corp
added
3.28
1,032,810
11,194,600
0.11%
2023-08-22
VIRGINIA RETIREMENT SYSTEMS ET AL
added
11.7
286,893
1,784,720
0.02%
2023-08-22
COMERICA BANK
sold off
-
-
-
-%
2023-08-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
reduced
-2.68
122,814
3,349,330
-%
2023-08-21
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
added
9.26
75,000
526,000
-%
2023-08-21
BOKF, NA
reduced
-9.13
-492
15,551
-%
2023-08-21
OSAIC HOLDINGS, INC.
reduced
-80.18
-466,470
125,525
-%
2023-08-16
Nuveen Asset Management, LLC
added
1.06
944,525
13,042,500
-%
2023-08-15
Caxton Associates LP
sold off
-100
-646,617
-
-%

1–10 of 49

Latest Funds Activity

Are funds buying CNO calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own CNO
No. of Funds

Schedule 13G FIlings of CNO Financial Group

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
fuller & thaler asset management, inc.
6.37%
7,289,612
SC 13G/A
Feb 09, 2023
blackrock inc.
13.3%
15,179,705
SC 13G/A
Feb 09, 2023
vanguard group inc
12.13%
13,871,812
SC 13G/A
Jan 26, 2023
blackrock inc.
13.3%
15,179,705
SC 13G/A
Jan 23, 2023
pzena investment management llc
6.66%
7,627,617
SC 13G/A
Jan 20, 2023
blackrock inc.
13.3%
15,179,705
SC 13G/A
Feb 09, 2022
vanguard group inc
11.08%
13,660,551
SC 13G/A
Feb 08, 2022
fuller & thaler asset management, inc.
5.68%
6,999,775
SC 13G
Feb 08, 2022
dimensional fund advisors lp
4.8%
5,967,483
SC 13G/A
Jan 31, 2022
blackrock inc.
11.9%
14,614,072
SC 13G/A

Recent SEC filings of CNO Financial Group

View All Filings
Date Filed Form Type Document
Sep 19, 2023
144
Notice of Insider Sale Intent
Sep 19, 2023
144
Notice of Insider Sale Intent
Sep 19, 2023
4
Insider Trading
Sep 19, 2023
4
Insider Trading
Sep 08, 2023
144
Notice of Insider Sale Intent
Sep 08, 2023
4
Insider Trading
Aug 14, 2023
4
Insider Trading
Aug 10, 2023
8-K
Current Report
Aug 09, 2023
10-Q
Quarterly Report
Aug 03, 2023
13F-HR
Fund Holdings Report

CNO Fair Value

Loading...

Peers (Alternatives to CNO Financial Group)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
83.5B
55.3B
7.95% 14.06%
47.86
1.51
11.39% 104.72%
50.0B
70.6B
6.68% 1.60%
22.49
0.71
4.01% -58.32%
46.3B
18.8B
4.21% 28.97%
10.07
2.47
-11.15% 5.38%
38.7B
38.7B
4.54% 6.04%
17.31
1
8.33% -37.32%
18.6B
14.1B
1.49% 0.25%
11.47
1.32
-18.38% -62.12%
MID-CAP
9.2B
12.1B
0.14% 22.58%
6.51
0.77
1.23% 31.52%
7.5B
10.6B
0.12% -4.99%
21.75
0.71
3.62% -71.27%
2.7B
7.5B
3.00% 49.36%
5.07
0.36
-1.40% -38.58%
2.7B
3.9B
2.29% 23.59%
12.16
0.69
4.46% -65.00%
1.2B
1.0B
2.03% -53.40%
-20.22
1.22
25.60% -67.04%
-
16.8B
7.62% 15.52%
-
-
3.86% 92.43%
SMALL-CAP
1.3B
348.9M
3.93% -38.51%
22.87
3.8
16.85% 25.90%
1.2B
1.4B
3.21% -21.40%
-111.97
0.86
3.44% -114.81%
559.0M
901.0M
-0.73% -39.67%
12.05
0.62
14.76% 164.17%

CNO Financial Group News

MarketBeat
9686 Shares in CNO Financial Group, Inc. (NYSE:CNO) Bought by ....
MarketBeat,
7 hours ago
Simply Wall St
24/7 Wall St.
MyVeronaNJ

Returns for CNO

Cumulative Returns on CNO

7.1%


10-Year Cumulative Returns

8.6%


7-Year Cumulative Returns

3.6%


5-Year Cumulative Returns

12.3%


3-Year Cumulative Returns

Risks for CNO

What is the probability of a big loss on CNO?

62.3%


Probability that CNO Financial Group stock will be more than 20% underwater in next one year

53.9%


Probability that CNO Financial Group stock will be more than 30% underwater in next one year.

20.4%


Probability that CNO Financial Group stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does CNO drawdown profile look like?

Y-axis is the maximum loss one would have experienced if CNO Financial Group was unfortunately bought at previous high price.

Drawdowns

Financials for CNO Financial Group

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue4.5%3,9083,7403,5773,6783,7413,9594,1224,1244,1694,1103,8213,8143,7443,7104,0163,7254,2624,3294,3144,6254,224
EBITDA-100.0%-8851,0911,1211,069942983--1,00975769759855069465361.00----
EBITDA Margin-100.0%-0.24*0.30*0.30*0.50*0.24*0.24*--0.25*0.20*0.18*0.16*0.15*0.17*0.18*0.01*----
Interest Expenses17.7%19816813711399.0095.0095.0095.0095.00100109121135145152157158157150142133
Earnings Before Taxes-41.5%288491733825816618568563602605344308195138274204-389-307-264-176493
EBT Margin-100.0%-0.10*0.17*0.17*0.28*0.13*0.14*0.14*0.14*0.15*0.09*0.08*0.05*0.04*0.07*------
Net Income-41.9%221381565638632477441437466470302468381336409160-412-347-315-414216
Net Income Margin-100.0%-0.08*0.13*0.13*0.22*0.10*0.11*0.11*0.11*0.11*0.08*0.12*0.10*0.09*0.10*------
Free Cashflow-100.0%-521495454527565598673649699736728704680697------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets0.1%34,05434,01533,13333,03733,83635,46836,20435,71435,52034,66035,34034,56933,98032,73533,61333,28032,71632,31431,43731,64732,472
    Cash Equivalents7.6%562522645554619594732813715739992787558551655822608691657596746
Liabilities0.2%32,05831,98331,36431,73931,62431,77730,94530,48130,19629,79929,85629,48529,24828,96928,95428,72728,46428,47728,06928,02728,017
Shareholder's Equity-1.8%1,9962,0321,7691,2982,1282,8183,6855,2335,3244,8615,4845,0844,7313,7664,6594,5534,2523,8383,3713,6204,455
  Retained Earnings3.4%1,7301,6741,6911,4321,3431,2931,1271,027944884752658545481518274249229194185731
  Additional Paid-In Capital-1.1%1,9982,0212,0342,0312,0332,0862,1842,2752,3832,4582,5452,6232,6642,6892,7672,8352,9032,9522,9953,0303,022
Shares Outstanding-1.1%114115114114116119120126131134135141143146148154159161162165166
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations5.9%552521495454527565598673649699736728704680697714392388318299591
Cashflow From Investing6.4%-1,102-1,177-1,781-2,298-2,206-2,202-1,526-974-779-764-608-783-725-607-555-412-494-553-525-848-677
Cashflow From Financing-15.6%4945851,1991,5861,5841,49266832728725321021.00-28.30-213-143-74.70-35.30131107274-107
  Dividend Payments1.4%67.0066.0065.0065.0065.0066.0066.0067.0067.0067.0067.0067.0067.0067.0067.0067.0067.0066.0065.0064.0062.00
  Buy Backs-28.4%76.0010619028038541240840534028326824126729225521514014510891.00122

CNO Income Statement

2023-06-30
CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:    
Insurance policy income$ 628.3$ 625.6$ 1,253.8$ 1,250.6
Net investment income:    
General account assets308.1317.7600.3595.2
Policyholder and other special-purpose portfolios91.6(93.8)142.4(163.1)
Investment gains (losses):    
Realized investment gains (losses)(21.8)(7.0)(36.4)11.8
Other investment losses(13.5)(41.8)(13.5)(93.3)
Total investment losses(35.3)(48.8)(49.9)(81.5)
Fee revenue and other income30.154.382.296.7
Total revenues1,022.8855.02,028.81,697.9
Benefits and expenses:    
Insurance policy benefits565.9302.21,175.6636.1
Liability for future policy benefits remeasurement loss8.30.38.97.3
Change in fair value of market risk benefits(17.6)(50.3)(2.8)(83.0)
Interest expense57.627.8112.351.6
Amortization56.052.7111.5105.0
Other operating costs and expenses256.5222.5528.2440.8
Total benefits and expenses926.7555.21,933.71,157.8
Income before income taxes96.1299.895.1540.1
Income tax expense on period income22.466.522.2123.4
Net income$ 73.7$ 233.3$ 72.9$ 416.7
Basic:    
Weighted average shares outstanding (in shares)114,273115,533114,409117,078
Net income (in dollars per share)$ 0.64$ 2.02$ 0.64$ 3.56
Diluted:    
Weighted average shares outstanding (in shares)115,650117,286116,189119,144
Net income (in dollars per share)$ 0.64$ 1.99$ 0.63$ 3.50

CNO Balance Sheet

2023-06-30
CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Investments:  
Fixed maturities, available for sale, at fair value (net of allowance for credit losses: June 30, 2023 - $66.1 and December 31, 2022 - $56.0; amortized cost: June 30, 2023 - $23,630.5 and December 31, 2022 - $23,384.2)$ 20,959.7$ 20,353.4
Equity securities at fair value96.4135.3
Mortgage loans (net of allowance for credit losses: June 30, 2023 - $10.3 and December 31, 2022 - $8.0)1,825.91,411.9
Policy loans124.2121.6
Trading securities218.9207.9
Investments held by variable interest entities (net of allowance for credit losses: June 30, 2023 - $4.5 and December 31, 2022 - $5.5; amortized cost: June 30, 2023 - $982.2 and December 31, 2022 - $1,134.2)948.21,077.6
Other invested assets1,176.71,034.7
Total investments25,350.024,342.4
Cash and cash equivalents - unrestricted457.7575.7
Cash and cash equivalents held by variable interest entities104.269.2
Accrued investment income242.1235.6
Present value of future profits191.8203.7
Deferred acquisition costs1,857.71,770.9
Reinsurance receivables (net of allowance for credit losses: June 30, 2023 - $2.0 and December 31, 2022 - $2.0)4,029.24,223.4
Market risk benefit asset66.065.3
Income tax assets, net1,007.11,063.4
Assets held in separate accounts3.02.7
Other assets745.1580.8
Total assets34,053.933,133.1
Liabilities for insurance products:  
Policyholder account balances15,387.715,234.2
Future policy benefits11,479.611,240.2
Market risk benefit liability10.511.3
Liability for life insurance policy claims64.664.1
Unearned and advanced premiums233.6235.0
Liabilities related to separate accounts3.02.7
Other liabilities898.9693.9
Investment borrowings1,839.51,639.5
Borrowings related to variable interest entities1,001.01,104.6
Notes payable – direct corporate obligations1,139.71,138.8
Total liabilities32,058.131,364.3
Commitments and Contingencies
Shareholders' equity:  
Common stock ($0.01 par value, 8,000,000,000 shares authorized, shares issued and outstanding: June 30, 2023 – 113,673,882; December 31, 2022 – 114,343,070)1.11.1
Additional paid-in capital1,997.92,033.8
Accumulated other comprehensive loss(1,733.5)(1,957.3)
Retained earnings1,730.31,691.2
Total shareholders' equity1,995.81,768.8
Total liabilities and shareholders' equity$ 34,053.9$ 33,133.1
Gary C. Bhojwani
3350
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. In addition, it provides fixed index annuities; fixed interest annuities, including fixed rate single and flexible premium deferred annuities; single premium immediate annuities; supplemental health products, such as specified disease, accident, and hospital indemnity products; and long-term care plans primarily to retirees and older self-employed individuals in the middle-income market. Further, the company offers universal life and other interest-sensitive life products; and traditional life policies that include whole life, graded benefit life, term life, and single premium whole life products, as well as graded benefit life insurance products. CNO Financial Group, Inc. markets its products under the Bankers Life, Washington National, and Colonial Penn brand names. The company sells its products through agents, independent producers, and direct marketing. CNO Financial Group, Inc. was founded in 1979 and is headquartered in Carmel, Indiana.