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Morgan Stanley Stick to Their Hold Rating for Cno Financial Group

Published 04/01/2021, 12:35 PM
Updated 04/01/2021, 12:35 PM


Morgan Stanley (NYSE:MS) analyst Nigel Dally maintained a Hold rating on Cno Financial Group on Thursday, setting a price target of $27, which is approximately 11.16% above the present share price of $24.29.

Dally expects Cno Financial Group to post earnings per share (EPS) of $0.81 for the second quarter of 2021.

The current consensus among 4 TipRanks analysts is for a Moderate Buy rating of shares in CNO Financial (NYSE:CNO), with an average price target of $26.25.
The analysts price targets range from a high of $30 to a low of $25.

In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $1.08 billion and a net profit of $0. The company's market cap is $3.25 billion.

According to TipRanks.com, Morgan Stanley analyst Nigel Dally is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 18.3% and a 63.41% success rate.

CNO Financial Group, Inc. is an insurance holding company, which engages in developing, marketing, and administering health insurance, annuity, individual life insurance and other insurance products. It operates through the following segments: Bankers Life, Washington National, and Colonial Penn. 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 to the middle-income senior market through a dedicated field force of career agents and sales managers supported by a network of community-based sales offices. The Washington National segment markets and distributes supplemental health including specified disease, accident and hospital indemnity insurance products and life insurance to middle-income consumers at home and at the worksite. The Colonial Penn segment markets primarily graded benefit and simplified issue life insurance directly to customers in the senior middle-income market through television advertising, direct mail, the Internet and telemarketing. The company was founded in 1979 and is headquartered in Carmel, IN.

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