CNO Financial Group, Inc. (CNO) Reaches $26.09 52-Week High; Blackrock Resources & Commodities Strategy Trust (BCX) Sentiment Is 1.03

January 14, 2018 - By Adrian Erickson

The stock of CNO Financial Group, Inc. (NYSE:CNO) hit a new 52-week high and has $26.87 target or 3.00% above today’s $26.09 share price. The 5 months bullish chart indicates low risk for the $4.38B company. The 1-year high was reported on Jan, 14 by Barchart.com. If the $26.87 price target is reached, the company will be worth $131.31 million more. The stock decreased 1.10% or $0.29 during the last trading session, reaching $26.09. About 715,278 shares traded. CNO Financial Group, Inc. (NYSE:CNO) has risen 4.81% since January 14, 2017 and is uptrending. It has underperformed by 11.89% the S&P500.

The stock increased 0.60% or $0.06 during the last trading session, reaching $10.3. About 802,926 shares traded or 167.07% up from the average. Blackrock Resources & Commodities Strategy Trust (BCX) has risen 13.36% since January 14, 2017 and is uptrending. It has underperformed by 3.34% the S&P500.

Among 10 analysts covering CNO Financial Group (NYSE:CNO), 3 have Buy rating, 1 Sell and 6 Hold. Therefore 30% are positive. CNO Financial Group had 22 analyst reports since July 29, 2015 according to SRatingsIntel. The company was maintained on Wednesday, May 31 by FBR Capital. The firm has “Hold” rating given on Wednesday, July 26 by Wells Fargo. Wood initiated the shares of CNO in report on Wednesday, July 29 with “Outperform” rating. The stock has “Outperform” rating by Wells Fargo on Friday, September 23. The stock of CNO Financial Group, Inc. (NYSE:CNO) earned “Outperform” rating by FBR Capital on Tuesday, December 13. As per Tuesday, August 25, the company rating was maintained by BTIG Research. The rating was initiated by Goldman Sachs with “Buy” on Tuesday, November 17. The company was maintained on Thursday, August 31 by Keefe Bruyette & Woods. The stock has “Neutral” rating by Goldman Sachs on Friday, September 30. Morgan Stanley downgraded the shares of CNO in report on Monday, August 14 to “Underweight” rating.

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. The company has market cap of $4.38 billion. It operates through Bankers Life, Washington National, Colonial Penn, and Long-Term Care in Run Off divisions. It has a 9.39 P/E ratio. The Bankers Life segment markets and distributes Medicare supplement insurance, interest-sensitive and traditional life insurance, fixed annuities, and long-term care insurance products; and Medicare advantage and prescription drug plan products through various distribution and marketing agreements.

Analysts await CNO Financial Group, Inc. (NYSE:CNO) to report earnings on February, 6. They expect $0.41 earnings per share, up 17.14% or $0.06 from last year’s $0.35 per share. CNO’s profit will be $68.78 million for 15.91 P/E if the $0.41 EPS becomes a reality. After $0.45 actual earnings per share reported by CNO Financial Group, Inc. for the previous quarter, Wall Street now forecasts -8.89% negative EPS growth.

1607 Capital Partners Llc holds 2.94% of its portfolio in Blackrock Resources & Commodities Strategy Trust for 5.80 million shares. Penn Mutual Life Insurance Co owns 257,000 shares or 1.56% of their US portfolio. Moreover, Cornerstone Advisors Inc has 1.45% invested in the company for 1.41 million shares. The Texas-based Oxbow Advisors Llc has invested 0.75% in the stock. Canal Insurance Co, a South Carolina-based fund reported 200,000 shares.

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