UBS Maintains a 'Neutral' on CNO Financial Group (CNO); Positive Quarter
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Price: $55.28 +0.78%
Rating Summary:
4 Buy, 14 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
4 Buy, 14 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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UBS maintains a 'Neutral' on CNO Financial Group (NYSE: CNO) price target raised from $6.50 to $8.00.
UBS analyst says, "Operating EPS of $0.22 beats ours/consensus $0.19 in spite of unusuals: a) Adjusted operating EPS was $0.20, excluding $0.02 of net positives—with favorable reserve developments partially offset by other unusual items (see Table 1). b) Net EPS was a higher $0.26, helped by $13.6M a-t of net realized investment gains. Impairments were $(8.3)M p-t, vs. $(3)M/$(77)M in 3Q11/ 4Q10. c) BVPS rose ~2% q/q on net income and higher net “unrealized” investment gains."
Other highlighted points include: 1) Solid statutory results; RBC ratio of 358% above CNO’s target of 350%; and 2) Solid statutory results; RBC ratio of 358% above CNO’s target of 350%.
For an analyst ratings summary and ratings history on CNO Financial Group click here. For more ratings news on CNO Financial Group click here.
Shares of CNO Financial Group closed at $7.37 yesterday.
UBS analyst says, "Operating EPS of $0.22 beats ours/consensus $0.19 in spite of unusuals: a) Adjusted operating EPS was $0.20, excluding $0.02 of net positives—with favorable reserve developments partially offset by other unusual items (see Table 1). b) Net EPS was a higher $0.26, helped by $13.6M a-t of net realized investment gains. Impairments were $(8.3)M p-t, vs. $(3)M/$(77)M in 3Q11/ 4Q10. c) BVPS rose ~2% q/q on net income and higher net “unrealized” investment gains."
Other highlighted points include: 1) Solid statutory results; RBC ratio of 358% above CNO’s target of 350%; and 2) Solid statutory results; RBC ratio of 358% above CNO’s target of 350%.
For an analyst ratings summary and ratings history on CNO Financial Group click here. For more ratings news on CNO Financial Group click here.
Shares of CNO Financial Group closed at $7.37 yesterday.
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