Short Interest Coverage: Time to Reconsider Cno Financial Group Incorporated (NYSE:CNO) After Less Short Sellers?

November 30, 2016 - By Pete Kolinski   ·   0 Comments

Short Interest Coverage: Time to Reconsider Cno Financial Group Incorporated (NYSE:CNO) After Less Short Sellers?

The stock of Cno Financial Group Incorporated (NYSE:CNO) registered a decrease of 5.83% in short interest. CNO’s total short interest was 5.09M shares in November as published by FINRA. Its down 5.83% from 5.41M shares, reported previously. With 1.47 million shares average volume, it will take short sellers 4 days to cover their CNO’s short positions. The short interest to Cno Financial Group Incorporated’s float is 2.94%. The stock decreased 0.65% or $0.11 on November 29, hitting $17.69. CNO Financial Group Inc (NYSE:CNO) has declined 9.24% since April 27, 2016 and is downtrending. It has underperformed by 14.46% the S&P500.

CNO Financial Group, Inc. is a holding firm for a group of insurance companies operating across the United States that develop, market and administer health insurance, annuity, individual life insurance and other insurance products. The company has a market cap of $3.03 billion. It operates through three operating divisions: Bankers Life, Washington National and Colonial Penn. It has a 12.47 P/E ratio. The Bankers Life segment markets and distributes Medicare supplement insurance, interest-sensitive life insurance, traditional life insurance, fixed annuities and long-term care insurance products through a field force of career agents and sales managers supported by a network of sales offices.

CNO Financial Group Inc (NYSE:CNO) Ratings Coverage

Out of 7 analysts covering CNO Financial Group (NYSE:CNO), 3 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 43% are positive. CNO Financial Group has been the topic of 12 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The rating was downgraded by Keefe Bruyette & Woods to “Market Perform” on Wednesday, November 4. Wood initiated the stock with “Outperform” rating in Wednesday, July 29 report. The stock of CNO Financial Group Inc (NYSE:CNO) has “Outperform” rating given on Friday, September 23 by Wells Fargo. Raymond James initiated the stock with “Outperform” rating in Tuesday, December 22 report. The stock has “Buy” rating given by BTIG Research on Tuesday, August 25. The rating was maintained by Deutsche Bank on Monday, May 2 with “Hold”. The firm earned “Hold” rating on Monday, January 25 by Deutsche Bank. The rating was downgraded by Goldman Sachs to “Neutral” on Friday, September 30. The stock of CNO Financial Group Inc (NYSE:CNO) has “Buy” rating given on Tuesday, November 17 by Goldman Sachs. Wood maintained it with “Market Perform” rating and $19 target price in Tuesday, August 2 report.

CNO Company Profile

CNO Financial Group, Inc., incorporated on March 25, 2003, is a holding firm for a group of insurance companies operating across the United States that develop, market and administer health insurance, annuity, individual life insurance and other insurance products. The Firm manages its business through three operating divisions: Bankers Life, Washington National and Colonial Penn. The Firm focuses on serving middle-income pre-retiree and retired Americans. The Firm sells its products through three distribution channels, which include career agents, independent producers and direct marketing. The Company’s product categories include health, annuities and life. Under health category of products, the Company offers Medicare supplement, long-term care, prescription drug plan and Medicare advantage plan, supplemental health, hospital indemnity and disability income products. Under annuities category of products, the Company offers fixed index annuity, traditional fixed rate annuity and single premium immediate annuity products. Under life category of life products, the Company offers traditional and interest-sensitive life insurance products.

More notable recent CNO Financial Group Inc (NYSE:CNO) news were published by: Forbes.com which released: “CNO Financial Group Reaches Analyst Target Price” on November 23, 2016, also Prnewswire.com with their article: “CNO Financial Group Declares Quarterly Dividend” published on November 17, 2016, Prnewswire.com published: “CNO Financial Group Announces Termination of Long-Term Care Reinsurance …” on September 29, 2016. More interesting news about CNO Financial Group Inc (NYSE:CNO) were released by: Forbes.com and their article: “CNO Financial Group Becomes Oversold” published on August 01, 2016 as well as Prnewswire.com‘s news article titled: “Record Setting Day At CNO Financial Indianapolis Monumental Marathon” with publication date: November 05, 2016.

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By Pete Kolinski


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