Cno Financial Intrinsic Stock Value – CNO FINANCIAL Reports Q2 Earnings for Fiscal Year 2023
August 22, 2023
🌥️Earnings Overview
CNO ($NYSE:CNO): The company’s total revenue for the quarter was USD 1022.8 million, an increase of 19.6% from the same period one year ago. However, net income for this period was USD 73.7 million, a decrease of 45.8% from the same quarter in the prior year.
Share Price
The company’s stock opened at $25.5 and closed at $25.7, up by 0.7% from last closing price of 25.5. This marked the highest closing price that CNO FINANCIAL has experienced in the past few weeks. CNO FINANCIAL attributed the growth in revenue and net income to increased customer acquisition and higher sales in their insurance and financial services segments. The company also announced plans to invest in new technology in order to improve customer experience and increase efficiency.
Overall, CNO FINANCIAL reported a strong quarter and is in a good position for continued growth in the fiscal year 2023. Investors are optimistic about the company’s prospects and are confident that CNO FINANCIAL will continue to perform well as it continues to innovate and expand its operations. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cno Financial. More…
| Total Revenues | Net Income | Net Margin |
| 3.91k | 221.3 | 5.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cno Financial. More…
| Operations | Investing | Financing |
| 520.9 | -1.78k | 1.2k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cno Financial. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 34.05k | 32.06k | 17.56 |
Key Ratios Snapshot
Some of the financial key ratios for Cno Financial are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 1.4% | – | 12.4% |
| FCF Margin | ROE | ROA |
| 13.3% | 15.1% | 0.9% |
Analysis – Cno Financial Intrinsic Stock Value
At GoodWhale, we recently performed an analysis of CNO FINANCIAL‘s wellbeing. After careful examination of the company’s financials, our proprietary Valuation Line computed an intrinsic value of CNO FINANCIAL shares to be around $24.3. Currently, CNO FINANCIAL stock is being traded at $25.7, which represents a fair price but is slightly overvalued by 5.8%. More…
Peers
Its competitors are National Western Life Group Inc, Wustenrot & Wurttembergische AG, and iA Financial Corp Inc.
– National Western Life Group Inc ($NASDAQ:NWLI)
National Western Life Group Inc is a holding company that operates through its subsidiaries engaged in the life insurance business. Its products include whole life, term life, universal life, and annuities. The company was founded in 1906 and is headquartered in Austin, Texas.
– Wustenrot & Wurttembergische AG ($LTS:0GJN)
Wustenrot & Wurttembergische AG is a German mutual insurance company headquartered in Stuttgart. As of 2022, it had a market capitalization of €1.44 billion and a return on equity of 14.21%. The company provides a range of insurance products, including life, health, property and casualty, and pension products, as well as banking and investment products.
– iA Financial Corp Inc ($TSX:IAG)
AmeriA Financial Corp Inc has a market cap of 7.68B as of 2022. The company has a Return on Equity of 9.41%. AmeriA Financial Corp Inc is a provider of insurance and financial services. The company offers a range of products and services, including life insurance, annuities, and investments.
Summary
Investors may be interested in CNO FINANCIAL‘s recent financial performance. The company reported total revenue of USD 1022.8 million for the second quarter of 2023, a 19.6% increase from the same period in 2023. Despite the growth in revenue, net income decreased 45.8% to USD 73.7 million. This suggests that there may be some factors behind the decline in profits, which investors should consider before investing in CNO FINANCIAL.
