Cno Financial Stock Fair Value – CNO FINANCIAL Reports Second Quarter Earnings Results for FY2023
August 26, 2023
🌥️Earnings Overview
CNO ($NYSE:CNO): The total revenue for the quarter was USD 1022.8 million, demonstrating an increase of 19.6% compared to the same period last year. Nevertheless, the net income for the quarter was USD 73.7 million, a decrease of 45.8% from Q2 in the prior year.
Stock Price
The company’s stock opened at $25.5 and closed at $25.7, up by 0.7% from the previous closing price of $25.5. This increase in price came despite no significant announcements from the company during the quarter and the overall market being down for the day. The company also reported some positive metrics for the quarter.
Overall, CNO FINANCIAL‘s second quarter performance was in line with analysts’ expectations. The company is continuing to show strong financial performance and is well-positioned to capitalize on future opportunities in the market. 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 Stock Fair Value
At GoodWhale, we are offering a comprehensive analysis of CNO FINANCIAL‘s fundamentals. Our proprietary Valuation Line indicates that the fair value of CNO FINANCIAL share is around $24.3. However, the current stock price is at $25.7, which is a fair price overvalued by 5.6%. Therefore, investors should beware and be cautious when investing in CNO FINANCIAL shares. We invite you to explore our platform and use our powerful analysis to inform your decisions. More…
Peers
Its competitors are National Western Life Group Inc, Wustenrot & Wurttembergische AG, and iA Financial Corp Inc.
– National Western Life Group Inc ($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
CNO Financial reported its second quarter earnings for FY2023, ending June 30 2023. Total revenue for the quarter was USD 1022.8 million, an increase of 19.6% compared to the previous year. Net income was USD 73.7 million, a decrease of 45.8%. For investors, this indicates that CNO Financial’s total revenue has increased, but its net income has decreased.
As a result, investors should consider the long-term potential of the company and the potential risks before investing in CNO Financial. Further analysis of the company’s financials, management, and strategy can help determine whether CNO Financial is a good investment opportunity.
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