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11.52 (1y: +67%)
Market Cap 2.58 B P/E(ttm) 16.90
Enterprise Value 2.58 B P/B 0.51
CNO- NYSE (USA)
CNO Financial Group, Inc.
Not Rated
Top Ranked Predictable Companies
$11.52
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GuruFocus Financial Strength Rank measures how strong a companyย’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 4/10

vs
industry		 vs
history
Cash to Debt 0.317
CNO's Cash to Debt is ranked lower than
1785713% of the 56 Companies
in the Global Insurance - Life industry.

( Industry Median: 3.85 vs. CNO: 0.317 )
CNO' s 10-Year Cash to Debt Range
Min: 0.17   Max: No Debt
Current: 0.32
Equity to Asset 0.148
CNO's Equity to Asset is ranked lower than
1785713% of the 56 Companies
in the Global Insurance - Life industry.

( Industry Median: 0.08 vs. CNO: 0.148 )
CNO' s 10-Year Equity to Asset Range
Min: -0.05   Max: 0.15
Current: 0.15
-0.05
0.15
Interest Coverage 1.4
CNO's Interest Coverage is ranked lower than
1999998% of the 50 Companies
in the Global Insurance - Life industry.

( Industry Median: 11.80 vs. CNO: 1.4 )
CNO' s 10-Year Interest Coverage Range
Min: 0   Max: No Debt
Current: 1.4
F-Score: 6
Z-Score: 0.16
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyย’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
ย•ย•3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rankย•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 5/10

vs
industry		 vs
history
Operating margin (%) 3.60
CNO's Operating margin (%) is ranked lower than
1923075% of the 52 Companies
in the Global Insurance - Life industry.

( Industry Median: 7.20 vs. CNO: 3.60 )
CNO' s 10-Year Operating margin (%) Range
Min: -29   Max: 54.4
Current: 3.6
-29
54.4
Net-margin (%) 5.1
CNO's Net-margin (%) is ranked lower than
1851850% of the 54 Companies
in the Global Insurance - Life industry.

( Industry Median: 5.40 vs. CNO: 5.1 )
CNO' s 10-Year Net-margin (%) Range
Min: -176.1   Max: 48.8
Current: 5.1
-176.1
48.8
ROE (%) 4.4
CNO's ROE (%) is ranked lower than
1851850% of the 54 Companies
in the Global Insurance - Life industry.

( Industry Median: 8.20 vs. CNO: 4.4 )
CNO' s 10-Year ROE (%) Range
Min: -69.6   Max: 81.6
Current: 4.4
-69.6
81.6
ROA (%) 0.6
CNO's ROA (%) is ranked lower than
1851850% of the 54 Companies
in the Global Insurance - Life industry.

( Industry Median: 0.70 vs. CNO: 0.6 )
CNO' s 10-Year ROA (%) Range
Min: -16.8   Max: 7.7
Current: 0.6
-16.8
7.7
ROC (Joel Greenblatt) (%) 42.40
CNO's ROC (Joel Greenblatt) (%) is ranked lower than
14285700% of the 7 Companies
in the Global Insurance - Life industry.

( Industry Median: 149.60 vs. CNO: 42.40 )
CNO' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 33.8   Max: 42.4
Current: 42.4
33.8
42.4
Revenue Growth (%) -8.9
CNO's Revenue Growth (%) is ranked lower than
3333330% of the 30 Companies
in the Global Insurance - Life industry.

( Industry Median: 5.30 vs. CNO: -8.9 )
CNO' s 10-Year Revenue Growth (%) Range
Min: 0   Max: -0.8
Current: -8.9
EBITDA Growth (%) -15.5
CNO's EBITDA Growth (%) is ranked lower than
3225803% of the 31 Companies
in the Global Insurance - Life industry.

( Industry Median: 12.60 vs. CNO: -15.5 )
CNO' s 10-Year EBITDA Growth (%) Range
Min: 0   Max: 22
Current: -15.5
0
22
EPS Growth (%) 16.5
CNO's EPS Growth (%) is ranked lower than
3333330% of the 30 Companies
in the Global Insurance - Life industry.

( Industry Median: 13.60 vs. CNO: 16.5 )
CNO' s 10-Year EPS Growth (%) Range
Min: 0   Max: 16.5
Current: 16.5
0
16.5
ยป CNO's 10-Y Financials

Financials


Revenue & Net Income
Equity & Asset
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

CNO Guru Trades in Q2 2012

John Keeley 100,001 sh (New)
Joel Greenblatt 22,982 sh (+23.55%)
HOTCHKIS & WILEY 10,231,934 sh (+1.07%)
Michael Price 553,094 sh (unchged)
Jim Simons Sold Out
Bruce Kovner Sold Out
Steven Cohen Sold Out
Jeremy Grantham 45,800 sh (-0.87%)
John Paulson 22,769,906 sh (-2.2%)
Richard Pzena 2,108,745 sh (-4.14%)
Columbia Wanger 18,121,000 sh (-6.4%)
» More
Q3 2012

CNO Guru Trades in Q3 2012

Steven Cohen 52,461 sh (New)
Jeremy Grantham 46,485 sh (+1.5%)
John Keeley Sold Out
Richard Pzena Sold Out
John Paulson 22,511,400 sh (-1.14%)
Columbia Wanger 17,071,000 sh (-5.79%)
HOTCHKIS & WILEY 9,470,034 sh (-7.45%)
Joel Greenblatt 19,334 sh (-15.87%)
Michael Price 95,894 sh (-82.66%)
» More
Q4 2012

CNO Guru Trades in Q4 2012

Jim Simons 378,600 sh (New)
Paul Tudor Jones 19,400 sh (New)
Steven Cohen 133,704 sh (+154.86%)
HOTCHKIS & WILEY 9,755,834 sh (+3.02%)
Jeremy Grantham 68,250 sh (unchged)
John Paulson 21,511,400 sh (-4.44%)
Columbia Wanger 16,177,000 sh (-5.24%)
Joel Greenblatt 13,590 sh (-29.71%)
Michael Price 894 sh (-99.07%)
» More
Q1 2013

CNO Guru Trades in Q1 2013

Jim Simons 1,860,600 sh (+391.44%)
HOTCHKIS & WILEY 10,656,934 sh (+9.24%)
Paul Tudor Jones 20,900 sh (+7.73%)
Michael Price 894 sh (unchged)
Joel Greenblatt Sold Out
Jeremy Grantham 66,676 sh (-2.31%)
Columbia Wanger 14,623,000 sh (-9.61%)
John Paulson 13,481,527 sh (-37.33%)
Steven Cohen 49,893 sh (-62.68%)
» More
» Details

Insider Trades

Latest Guru Trades with CNO

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
John Paulson 2013-03-31 Reduce -37.33%0.45%$9.33 - $11.61 $ 11.529%13481527
Joel Greenblatt 2013-03-31 Sold Out 0.01%$9.33 - $11.61 $ 11.529%0
Michael Price 2012-12-31 Reduce -99.07%0.14%$8.37 - $9.93 $ 11.5224%894
Joel Greenblatt 2012-12-31 Reduce -29.71%$8.37 - $9.93 $ 11.5224%13590
Michael Price 2012-09-30 Reduce -82.66%0.51%$7.69 - $10.03 $ 11.5232%95894
John Keeley 2012-09-30 Sold Out 0.02%$7.69 - $10.03 $ 11.5232%0
John Keeley 2012-06-30 New Buy0.02%$6.32 - $7.95 $ 11.5262%100001
Joel Greenblatt 2012-06-30 Add 23.55%$6.32 - $7.95 $ 11.5262%22982
Michael Price 2012-03-31 Reduce -45.75%0.46%$6.1 - $8.1 $ 11.5272%553094
Joel Greenblatt 2012-03-31 New Buy0.01%$6.1 - $8.1 $ 11.5272%18602
Michael Price 2011-12-31 Reduce -51.97%1.06%$4.98 - $6.7 $ 11.5292%1019555
John Keeley 2011-12-31 Sold Out 0.0031%$4.98 - $6.7 $ 11.5292%0
John Keeley 2011-09-30 Reduce -94.47%0.06%$5.34 - $8.02 $ 11.5276%25001
George Soros 2011-06-30 Sold Out $7.13 - $8.06 $ 11.5252%0
George Soros 2011-03-31 Reduce -31.58%$6.28 - $7.44 $ 11.5268%29900
George Soros 2010-09-30 Reduce -25.88%$4.65 - $5.71 $ 11.52122%42100
John Keeley 2010-03-31 Add 62.16%0.02%$4.4 - $6.47 $ 11.52114%690001
George Soros 2010-03-31 Add 322.31%0.01%$4.4 - $6.47 $ 11.52114%54900
Premium More recent guru trades are included for Premium Members only!!

Top Ranked Articles about CNO Financial Group, Inc.

Guru John Paulson Reduces CNO Stake
March 19, 2013
Guru John Paulson, founder of Paulson & Co., is the legendary hedge fund investor well-remembered for generating returns of up to 600% by betting against mortgages in the 2008 market crash. In his portfolio weighted towards EFTs, healthcare, communication services and basic materials, Paulson & Co. list 86 stocks with a total value of $16.27 billion as of Dec. 31, 2012. On March 7, 2013, Paulson reduced his position as the largest shareholder of CNO Financial Group Inc. (CNO) by 22.13%. After the trade he owns 16,751,527 shares, with a current price of $11.58, and a change from average up 4%. The current CNO share price is $11.52. Read more...

Ratios

vs
industry		 vs
history
P/E(ttm) 16.90
CNO's P/E(ttm) is ranked lower than
1818180% of the 55 Companies
in the Global Insurance - Life industry.

( Industry Median: 14.30 vs. CNO: 16.90 )
CNO' s 10-Year P/E(ttm) Range
Min: 3.25   Max: 661.33
Current: 16.9
3.25
661.33
P/B 0.51
CNO's P/B is ranked lower than
1724136% of the 58 Companies
in the Global Insurance - Life industry.

( Industry Median: 1.10 vs. CNO: 0.51 )
CNO' s 10-Year P/B Range
Min: 0.04   Max: 1.3
Current: 0.51
0.04
1.3
P/S 0.66
CNO's P/S is ranked lower than
1694914% of the 59 Companies
in the Global Insurance - Life industry.

( Industry Median: 0.72 vs. CNO: 0.66 )
CNO' s 10-Year P/S Range
Min: 0.02   Max: 2.14
Current: 0.66
0.02
2.14
PFCF 4.31
CNO's PFCF is ranked lower than
1923075% of the 52 Companies
in the Global Insurance - Life industry.

( Industry Median: 4.11 vs. CNO: 4.31 )
CNO' s 10-Year PFCF Range
Min: 0.1   Max: 11.21
Current: 4.31
0.1
11.21
EV-to-EBIT 26.34
CNO's EV-to-EBIT is ranked lower than
1851850% of the 54 Companies
in the Global Insurance - Life industry.

( Industry Median: 11.21 vs. CNO: 26.34 )
CNO' s 10-Year EV-to-EBIT Range
Min: 4.5   Max: 50.4
Current: 26.34
4.5
50.4
PEG 0.2
CNO's PEG is ranked lower than
1065% of the 23 Companies
in the Global Insurance - Life industry.

( Industry Median: 0.76 vs. CNO: 0.2 )
CNO' s 10-Year PEG Range
Min: 0.61   Max: 4.43
Current: 0.2
0.61
4.43

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 0.69
CNO's Dividend Yield is ranked lower than
1923075% of the 52 Companies
in the Global Insurance - Life industry.

( Industry Median: 2.13 vs. CNO: 0.69 )
CNO' s 10-Year Dividend Yield Range
Min: 0.22   Max: 0.75
Current: 0.69
0.22
0.75
Dividend Payout 0.1
CNO's Dividend Payout is ranked lower than
2222220% of the 45 Companies
in the Global Insurance - Life industry.

( Industry Median: 0.30 vs. CNO: 0.1 )
CNO' s 10-Year Dividend Payout Range
Min: 0.08   Max: 0.08
Current: 0.1
Yield on cost (5-Year) 0.70
CNO's Yield on cost (5-Year) is ranked lower than
1923075% of the 52 Companies
in the Global Insurance - Life industry.

( Industry Median: 2.74 vs. CNO: 0.70 )
CNO' s 10-Year Yield on cost (5-Year) Range
Min: 0.22   Max: 0.75
Current: 0.7
0.22
0.75
Share Buyback Rate -9.8
CNO's Share Buyback Rate is ranked lower than
9999990% of the 10 Companies
in the Global Insurance - Life industry.

( Industry Median: 2.00 vs. CNO: -9.8 )
CNO' s 10-Year Share Buyback Rate Range
Min: 0   Max: -14.9
Current: -9.8

Valuation & Return

vs
industry		 vs
history
Price/Tangible Book 0.5
CNO's Price/Tangible Book is ranked lower than
1785713% of the 56 Companies
in the Global Insurance - Life industry.

( Industry Median: 1.30 vs. CNO: 0.5 )
CNO' s 10-Year Price/Tangible Book Range
Min: 0.3   Max: 2.7
Current: 0.5
0.3
2.7
Price/DCF (Projected) 0.2
CNO's Price/DCF (Projected) is ranked lower than
2857140% of the 35 Companies
in the Global Insurance - Life industry.

( Industry Median: 0.40 vs. CNO: 0.2 )
CNO' s 10-Year Price/DCF (Projected) Range
Min: 0.1   Max: 0.2
Current: 0.2
0.1
0.2
Price/Median PS Value 1
CNO's Price/Median PS Value is ranked lower than
1754384% of the 57 Companies
in the Global Insurance - Life industry.

( Industry Median: 1.00 vs. CNO: 1 )
CNO' s 10-Year Price/Median PS Value Range
Min: 0.4   Max: 1.8
Current: 1
0.4
1.8
Price/Peter Lynch Fair Value 1
CNO's Price/Peter Lynch Fair Value is ranked lower than
1885% of the 13 Companies
in the Global Insurance - Life industry.

( Industry Median: 1.10 vs. CNO: 1 )
CNO' s 10-Year Price/Peter Lynch Fair Value Range
Min: 1   Max: 1
Current: 1
Price/Graham Number 0.5
CNO's Price/Graham Number is ranked lower than
1923075% of the 52 Companies
in the Global Insurance - Life industry.

( Industry Median: 0.90 vs. CNO: 0.5 )
CNO' s 10-Year Price/Graham Number Range
Min: 0.2   Max: 1.2
Current: 0.5
0.2
1.2
Earnings Yield (Greenblatt) 3.80
CNO's Earnings Yield (Greenblatt) is ranked lower than
1818180% of the 55 Companies
in the Global Insurance - Life industry.

( Industry Median: 9.30 vs. CNO: 3.80 )
CNO' s 10-Year Earnings Yield (Greenblatt) Range
Min: 2   Max: 22.4
Current: 3.8
2
22.4
Forward Rate of Return (Yacktman) 23.72
CNO's Forward Rate of Return (Yacktman) is ranked lower than
2857140% of the 35 Companies
in the Global Insurance - Life industry.

( Industry Median: 24.10 vs. CNO: 23.72 )
CNO' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 27.3   Max: 1456.2
Current: 23.72
27.3
1456.2

Business Description

CNO Financial Group , Inc was incorporated in 1979, began operations in 1982, became a public company as Conseco, Inc. in 1985 and re-branded to CNO Financial Group, Inc. in 2010. Its is the holding company for a group of insurance companies operating throughout the United States that develop, market and administer supplemental health insurance, annuity, individual life insurance and other insurance products. The Company manages its business through the following: three main operating segments, Bankers Life, Colonial Penn and Conseco Insurance Group, which are defined on the basis of product distribution, and corporate operations, which consists of holding company activities and certain non-insurance company businesses that are not part of its other segments. CNO's insurance subsidiaries develop, market and administer supplemental health insurance, annuity, individual life insurance and other insurance products. The Company sells these products through three main distribution channels: career agents, professional independent producers and direct marketing. The Company's insurance subsidiaries collectively hold licenses to market its insurance products in all fifty states, the District of Columbia, and certain protectorates of the United States. Bankers Life, which consists of the business of Bankers Life and Casualty Company, markets and distributes Medicare supplement insurance, life insurance, long-term care insurance, Medicare Part D prescription drug program, Medicare Advantage products and certain annuity products to the senior market through approximately 5,600 career agents and sales managers. Bankers Life and Casualty Company markets its products under its own brand name and Medicare Part D and Medicare Advantage products mainly through marketing agreements with Coventry Health Care. Colonial Penn, which consists of the business of Colonial Penn Life Insurance Company, markets mainly graded benefit and simplified issue life insurance directly to customers through television advertising, direct mail, the internet and telemarketing. Colonial Penn markets its products under its own brand name. Conseco Insurance Group, which markets and distributes specified disease insurance, accident, disability, life insurance and annuities to middle-income consumers at home and at the worksite. These products are marketed through Performance Matters Associates, Inc., a wholly owned subsidiary, and through independent marketing organizations and insurance agencies. Products being marketed by Conseco Insurance Group are underwritten by Conseco Insurance Company, Conseco Health Insurance Company and Washington National Insurance Company. This segment also includes blocks of long-term care and other insurance business, in these companies and in Conseco Life Insurance Company. The Company's business is subject to extensive regulation, which limits its operating flexibility and could result in its insurance subsidiaries being placed under regul
Company Website
SEC Reports
Industry: Insurance - Life
Compare:LFC, PIAIF, AAGIY, CNPAY, CHPXF
ยป More Articles for CNO

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CNO Amends Credit Facility - Analyst Blog May 22 2013 - ZACKS

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