Seeking Alpha

CNO Financial Group (CNO) is the holding company behind Colonial Penn, Bankers life and other firms that develop, market, and administer individual life insurance, and to a lesser extent health insurance and annuities. The company has a well-respected somewhat diverse product portfolio and should earn about $1.09/share this year. With a stock price around $14.50 or so, you might think the company is a buy, after all based on these earnings expectations, that gives the stock a P/E of ~13.3x (ttm P/E of 18.3x based on ttm EPS of $0.80).

Exhibit 1: CNO Stock Price Performance Over the Last Year

Thesis:

Despite this valuation, I believe CNO is hold and faces considerable risk from several...

Only subscribers can access this article, which is part of the PRO research library covering 3,775 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: