Stock News Spotlight: CNO Financial Group (NYSE:CNO)

CNO Financial Group (NYSE:CNO) spotted trading -7.10% off 52-week high price. On the other end, the stock has been noted 27.98% away from the low price over the last 52-weeks. The stock changed -0.39% to recent value of $17.93. The stock transacted 919590 shares during most recent day however it has an average volume of 1.15M shares. The company has 153.35M of outstanding shares and 144.90M shares were floated in the market.

On Jan. 14, 2020, CNO Financial Group (NYSE:CNO) reported a new operating model that realigns the company from three operating business segments into two divisions—Consumer and Worksite. The new structure will create a leaner, more integrated, customer-centric organization that better positions CNO Financial for long-term success and shareholder value creation.

CNO is transforming its organizational structure to build a leaner, more agile company, said Gary C. Bhojwani, chief executive officer. Consumer purchasing behaviors are rapidly changing across all industries, including insurance. Consumers increasingly want to choose how to be served—whether to meet with an agent face-to-face, speak with an agent over the phone or at work, or shop online. Our new structure will capitalize on the strengths of our top five captive agent force and our top five direct-to-consumer business to enable our middle-market consumers to better access our products, irrespective of distribution or brand.

Under the new structure, CNO will organize around two business divisions that reflect the customers served by the company.

The Consumer Division will serve individual consumers, engaging with them on the phone, online, face-to-face with agents, or through a combination of sales channels. This structure unifies consumer capabilities into a single division and integrates the strength of CNO’s agent sales forces and industry-leading direct-to-consumer business with proven experience in advertising, web/digital and call center support.

Its earnings per share (EPS) expected to touch remained -194.10% for this year while earning per share for the next 5-years is expected to reach at 10.00%. CNO has an operating margin of 9.70% while its profit margin remained 4.30% for the last 12 months.

The price moved ahead of -2.17% from the mean of 20 days, 0.33% from mean of 50 days SMA and performed 8.62% from mean of 200 days price. Company’s performance for the week was 0.45%, -4.12% for month and YTD performance remained -1.10%.

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