B.Riley FBR Remains a Buy on CNO Financial (CNO)


B.Riley FBR analyst Randy Binner reiterated a Buy rating on CNO Financial (CNO) yesterday and set a price target of $24. The company’s shares closed yesterday at $16.02.

According to TipRanks.com, Binner is a 5-star analyst with an average return of 10.0% and a 59.5% success rate. Binner covers the Financial sector, focusing on stocks such as American Equity Investment Life, American International Group, and Health Insurance Innovations.

Currently, the analyst consensus on CNO Financial is a Hold with an average price target of $22.

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Based on CNO Financial’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $530 million. In comparison, last year the company had a GAAP net loss of $70.9 million.

Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is neutral on the stock.

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CNO Financial Group, Inc. is an insurance holding company, which develops, markets and administers health insurance, annuity, individual life insurance and other insurance products. It operates through three segments: Bankers Life, Washington National, Colonial Penn.

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