Focused on Our Customers
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Formerly called
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Conseco Inc. (1979–2010) |
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Type
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Public |
Traded as | NYSE CNO S&P 400 Component |
Industry | Financial services |
Founded | 1979 |
Headquarters | Carmel, Indiana, United States |
Key people
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Edward J. Bonach (CEO) |
Products | Insurance |
Revenue | $ 3.8 billion (2015) |
Operating income
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$ 367.7 million (2015) |
Net income
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$ 270.7 million (2015) |
Total assets | $ 31.1 billion (2015) |
Total equity | $ 4.1 billion (2014) |
Number of employees
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4,200 (Dec 2012) |
Subsidiaries | Colonial Penn, Bankers Life, 40/86 Advisors, Washington National Insurance Company |
Website | cnoinc.com |
CNO Financial Group, Inc. (formerly Conseco, Inc. (from Consolidated National Security Corporation; NYSE: CNO) is a financial services holding company based in Carmel, Indiana. CNO's insurance subsidiaries provide life insurance, annuity and supplemental health insurance products to more than four million customers in the United States. These products are distributed through independent agents, career agents and direct to customers through television advertising and direct mail.
CNO ranked 608 on the Fortune 1000 with 2014 revenues of $4.1 billion. In April 2014 CNO was ranked top 50 most trusted financial institutions by Forbes.
CNO was incorporated in 1979 as Security National of Indiana Corp. by Stephen Hilbert. SNI bought Consolidated National Life Insurance Co. in 1983. It began insurance operations in 1982 and became a public company in 1985.
In 1986 Conseco acquired Lincoln Income Life Insurance Company for $29 per share or $32.3 mil. Shearson Lehman Brothers advised Lincoln Income Life Insurance. Earlier, in mid-1985, Lincoln had agreed to be acquired by I.C.H. for $31 per share in cash but the merger couldn't be consummated as the Kentucky Department of Insurance raised objections to certain expenses which Lincoln would have incurred in the merger. Lincoln also received a merger proposal from Redgate in 1985. Satisfied with its recipe for acquiring and improving insurance companies, Conseco stepped up its acquisition efforts in 1986. It purchased Bankers National Life Insurance Company for $118 million, respectively.
In 1998, Conseco purchased the former Greentree Financial, one of the largest financiers of mobile homes, in an attempt to diversify into consumer financial services. They also bought life insurance company Colonial Penn later that year, changing their name to Conseco Direct Life, though changing the name back to Colonial Penn in 2001 (known as Bankers Conseco Life Insurance Company in New York state). Conseco (though not its subsidiary insurance companies) entered Chapter 11 reorganization in 2002 and emerged nine months later in 2003. Conseco's bankruptcy was the third-largest U.S. Chapter 11 filing at the time, after the bankruptcies of WorldCom Inc. and Enron. In the process of reorganization, GreenTree was divested and thereafter Conseco solely focused on the insurance industry.
CNO's CEO, Edward Bonach, joined the company in May 2007 as CFO and later became CEO in October 2011. Bonach is also a member of CNO's Board of Directors.
CNO is the parent company of seven insurance companies, including Bankers Life and Casualty Company and Colonial Penn Life Insurance Company. They also owns 40/86 Advisors, an investment management company and Washington National Insurance Company.
On May 11, 2010, the board of directors officially approved changing the holding company's name to CNO Financial Group.
In 2015 February, CNO sold its Hyderabad-based India operations to Cognizant.
Period | Date | Adjusted Actuals EPS | GAAP EPS |
---|---|---|---|
Q3 2022 | 2022-10-25 | Future report Set alerts | |
Q2 2022 | 2022-08-01 | 0.85 | 0.85 |
Q1 2022 | 2022-05-02 | 0.42 | 0.42 |
Q4 2021 | 2022-02-08 | 0.87 | 0.87 |
Q3 2021 | 2021-10-27 | 0.72 | 0.72 |
Q2 2021 | 2021-07-28 | 0.66 | 0.66 |
Q1 2021 | 2021-04-28 | 0.55 | 0.55 |
Q4 2020 | 2021-02-09 | 0.61 | 0.61 |
Q3 2020 | 2020-11-02 | 0.00 | 0.00 |
Q2 2020 | 2020-08-04 | 0.55 | 0.57 |
2016-07-07 | Lower Price Target | Deutsche Bank AG | Hold | $20.00 to $19.00 |
2016-07-07 | Lower Price Target | Citigroup Inc. | Buy | $21.00 to $20.00 |
2016-07-06 | Initiated Coverage | Evercore ISI | Hold | $19.00 |
2016-05-02 | Boost Price Target | Deutsche Bank | Hold | $19.00 to $20.00 |
2016-05-02 | Boost Price Target | Deutsche Bank AG | Hold | $19.00 to $20.00 |
2016-04-18 | Reiterated Rating | FBR & Co. | Buy | $21.00 |
2016-04-18 | Reiterated Rating | FBR & Co | Buy | $21.00 |
2016-03-15 | Reiterated Rating | Deutsche Bank | Hold | $19.00 |
2016-02-14 | Reiterated Rating | FBR & Co. | Outperform | |
2016-02-08 | Reiterated Rating | BTIG Research | Buy | |
2016-01-25 | Initiated Coverage | Deutsche Bank | Hold | $19.00 |
2016-01-13 | Lower Price Target | Goldman Sachs | Buy | $23.00 to $21.00 |
2016-01-13 | Lower Price Target | Goldman Sachs Group Inc. | Buy | $23.00 to $21.00 |
2015-12-21 | Initiated Coverage | Raymond James | Outperform | $20.50 |
2015-12-21 | Initiated Coverage | Raymond James Financial Inc. | Outperform | $20.50 |
2015-11-17 | Initiated Coverage | Goldman Sachs | Buy | $23.00 |
2015-11-16 | Reiterated Rating | BTIG Research | Buy | $21.00 |
2015-11-04 | Downgrade | Keefe, Bruyette & Woods | Outperform to Market Perform | $22.00 to $21.00 |
2015-10-30 | Reiterated Rating | BTIG Research | Buy | $21.00 |
2015-10-20 | Reiterated Rating | BTIG Research | Buy | |
2015-08-24 | Reiterated Rating | BTIG Research | Buy | |
2015-07-29 | Initiated Coverage | Keefe, Bruyette & Woods | Outperform | $22.00 |
2015-07-27 | Reiterated Rating | BTIG Research | Buy | $21.00 |
2015-06-26 | Reiterated Rating | BTIG Research | Buy | $21.00 |
2015-05-04 | Set Price Target | BTIG Research | Buy | $21.00 |
2015-02-11 | Reiterated Rating | BTIG Research | Buy | $21.00 |
2015-01-29 | Initiated Coverage | Jefferies Group | Buy | $20.00 |
2014-11-12 | Downgrade | Morgan Stanley | Overweight to Equal Weight | |
2014-08-11 | Upgrade | Morgan Stanley | Equal Weight to Overweight | |
2014-07-18 | Reiterated Rating | FBR & Co. | Outperform | $20.00 to $21.00 |
2014-05-01 | Downgrade | Goldman Sachs | Buy to Neutral | $19.50 |
2014-01-09 | Reiterated Rating | FBR & Co. | Outperform | $20.00 |
2014-01-03 | Initiated Coverage | Citigroup Inc. | Buy | |
2013-12-10 | Reiterated | FBR Capital | Outperform | $18 to $20 |
2013-12-10 | Boost Price Target | FBR & Co. | Outperform | $18.00 to $20.00 |
2013-07-09 | Reiterated | FBR Capital | Outperform | $13 to $16 |
2011-01-13 | Reiterated | UBS | Neutral | $6 to $7.50 |
2010-03-12 | Reiterated | FBR Capital | Outperform | $8 to $9 |
2009-08-18 | Reiterated | FBR Capital | Mkt Perform | $3 to $4 |
2009-05-12 | Reiterated | FBR Capital Markets | Mkt Perform | $2 to $3 |
2009-04-20 | Reiterated | Credit Suisse | Neutral | $7 to $4 |
2008-05-09 | Reiterated | Friedman Billings | Outperform | $18 to $17 |
2008-04-28 | Reiterated | UBS | Buy | $25 to $18 |
2008-03-31 | Reiterated | Friedman Billings | Outperform | $19 to $18 |
2008-01-30 | Downgrade | Credit Suisse | Outperform to Neutral | |
2007-09-28 | Upgrade | Friedman Billings | Mkt Perform to Outperform | $17 to $19 |
2007-08-15 | Initiated | Friedman Billings | Mkt Perform | $17 |
2016-07-07 | Lower Price Target | Deutsche Bank AG | Hold | $20.00 to $19.00 |
2016-07-07 | Lower Price Target | Citigroup Inc. | Buy | $21.00 to $20.00 |
2016-07-06 | Initiated Coverage | Evercore ISI | Hold | $19.00 |
2016-05-02 | Boost Price Target | Deutsche Bank | Hold | $19.00 to $20.00 |
2016-05-02 | Boost Price Target | Deutsche Bank AG | Hold | $19.00 to $20.00 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In CNO 215 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
BlackRock Inc. | 14.63M |
Vanguard Group, Inc | 13.42M |
BlackRock Fund Advisors | 9.48M |
PZENA INVESTMENT MANAGEMENT LLC | 6.87M |
FULLER & THALER ASSET MANAGEMENT, INC. | 6.80M |
DIMENSIONAL FUND ADVISORS LP | 5.65M |
BlackRock Institutional Trust Company, N.A. | 5.64M |
LSV ASSET MANAGEMENT | 5.09M |
STATE STREET CORP | 4.40M |
FRANKLIN RESOURCES INC | 2.67M |
Paradice Investment Management LLC | 2.43M |
NORTHERN TRUST CORP | 2.27M |
GEODE CAPITAL MANAGEMENT, LLC | 2.06M |
PRINCIPAL FINANCIAL GROUP INC | 2.05M |
GOLDMAN SACHS GROUP INC | 1.92M |
Name Relationship | Total Shares | Holding stocks |
---|---|---|
Bonach Edward J CEO | 0.23% (480431) | CNO / |
JOHNSON ERIC R EVP, Chief Investment Officer | 0.18% (382789) | CNO / |
Perry Scott R Chief Business Officer | 0.15% (311392) | CNO / |
Bhojwani Gary C President | 0.14% (299213) | CNO / HRL / |
Stecher Steven M Pres., Washington National | 0.08% (174254) | CNO / |
Zimpfer Matthew J. EVP and General Counsel | 0.06% (137405) | CNO / |
TOKARZ MICHAEL T | 0.05% (116814) | CNO / EQS / IEX / MVC / MWA / WAC / WLT / |
Crawford Frederick John EVP and CFO | 0.05% (107505) | AFL / CNO / |
SCHNEIDER NEAL C | 0.05% (103413) | CNO / |
TURNER JOHN G | 0.05% (98190) | CNO / |
Baude Bruce K. EVP, Chief Ops & Tech Officer | 0.04% (85047) | CNO / |
Nickele Christopher J Pres, Other CNO Business | 0.04% (76443) | CNO / |
Sievert Frederick James | 0.03% (71194) | CNO / RGA / |
GREVING ROBERT C | 0.03% (59064) | CNO / |
KLINE JOHN R SVP & Chief Acctg Officer | 0.03% (58746) | CNO / |
Helding Erik M EVP and CFO | 0.02% (50223) | CNO / |
Brown Ellyn L | 0.02% (49412) | CNO / WAC / |
HENDERSON MARY R | 0.02% (45622) | CNO / WLT / |
Long Roger Keith | 0.01% (21363) | CNO / |
Jacklin Charles J. | 0.01% (21194) | CNO / |
Maurer Dan | 0.01% (21194) | CKP / CNO / INTU / ZAGG / |
DAVID STEPHEN N | 0.01% (11570) | CKP / CNO / |