CNO Financial Group, Inc. (CNO) Reaches $26.21 High on Jan, 12; Alphaone Investment Services Has Upped Its Facebook (FB) Stake

January 12, 2018 - By Adrian Erickson

The stock of CNO Financial Group, Inc. (NYSE:CNO) reached all time high today, Jan, 12 and still has $28.57 target or 9.00% above today’s $26.21 share price. This indicates more upside for the $4.40B company. This technical setup was reported by Barchart.com. If the $28.57 PT is reached, the company will be worth $395.73 million more. The stock decreased 0.64% or $0.17 during the last trading session, reaching $26.21. About 164,511 shares traded. CNO Financial Group, Inc. (NYSE:CNO) has risen 4.81% since January 12, 2017 and is uptrending. It has underperformed by 11.89% the S&P500.

Alphaone Investment Services Llc increased Facebook Inc (FB) stake by 46.61% reported in 2017Q3 SEC filing. Alphaone Investment Services Llc acquired 27,500 shares as Facebook Inc (FB)’s stock rose 10.88%. The Alphaone Investment Services Llc holds 86,500 shares with $14.78M value, up from 59,000 last quarter. Facebook Inc now has $524.31 billion valuation. The stock decreased 3.91% or $7.3342 during the last trading session, reaching $180.4358. About 42.15 million shares traded or 165.53% up from the average. Facebook, Inc. (NASDAQ:FB) has risen 26.75% since January 12, 2017 and is uptrending. It has outperformed by 10.05% the S&P500.

Among 10 analysts covering CNO Financial Group (NYSE:CNO), 3 have Buy rating, 1 Sell and 6 Hold. Therefore 30% are positive. CNO Financial Group had 22 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was initiated by Wells Fargo with “Outperform” on Friday, September 23. The rating was maintained by FBR Capital with “Buy” on Wednesday, May 31. Keefe Bruyette & Woods maintained CNO Financial Group, Inc. (NYSE:CNO) rating on Thursday, December 21. Keefe Bruyette & Woods has “Hold” rating and $26.0 target. The company was maintained on Monday, June 5 by Wells Fargo. Citigroup initiated the stock with “Neutral” rating in Thursday, January 26 report. Goldman Sachs downgraded the stock to “Neutral” rating in Friday, September 30 report. On Tuesday, June 20 the stock rating was maintained by Wells Fargo with “Hold”. The stock of CNO Financial Group, Inc. (NYSE:CNO) has “Outperform” rating given on Tuesday, December 13 by FBR Capital. As per Wednesday, July 26, the company rating was maintained by Wells Fargo. BTIG Research maintained the stock with “Buy” rating in Tuesday, August 25 report.

Analysts await CNO Financial Group, Inc. (NYSE:CNO) to report earnings on February, 6. They expect $0.41 earnings per share, up 17.14% or $0.06 from last year’s $0.35 per share. CNO’s profit will be $68.78M for 15.98 P/E if the $0.41 EPS becomes a reality. After $0.45 actual earnings per share reported by CNO Financial Group, Inc. for the previous quarter, Wall Street now forecasts -8.89% negative EPS growth.

CNO Financial Group, Inc., through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, and other insurance products for senior and middle-income markets in the United States. The company has market cap of $4.40 billion. It operates through Bankers Life, Washington National, Colonial Penn, and Long-Term Care in Run Off divisions. It has a 9.43 P/E ratio. The Bankers Life segment markets and distributes Medicare supplement insurance, interest-sensitive and traditional life insurance, fixed annuities, and long-term care insurance products; and Medicare advantage and prescription drug plan products through various distribution and marketing agreements.

Among 53 analysts covering Facebook (NASDAQ:FB), 49 have Buy rating, 2 Sell and 2 Hold. Therefore 92% are positive. Facebook had 216 analyst reports since July 21, 2015 according to SRatingsIntel. Argus Research initiated the stock with “Buy” rating in Thursday, October 8 report. The rating was maintained by UBS on Thursday, April 28 with “Buy”. The firm has “Buy” rating given on Wednesday, July 19 by Needham. The stock has “Buy” rating by Suntrust Robinson on Monday, January 25. The firm earned “Buy” rating on Thursday, April 28 by SunTrust. The stock of Facebook, Inc. (NASDAQ:FB) earned “Buy” rating by KeyBanc Capital Markets on Wednesday, September 6. The rating was maintained by BMO Capital Markets on Monday, September 11 with “Hold”. As per Thursday, November 3, the company rating was maintained by JMP Securities. The stock of Facebook, Inc. (NASDAQ:FB) has “Buy” rating given on Friday, November 6 by Argus Research. The stock of Facebook, Inc. (NASDAQ:FB) earned “Buy” rating by Wedbush on Monday, November 6.

Since August 7, 2017, it had 0 buys, and 38 sales for $950.72 million activity. Koum Jan sold $502.59 million worth of Facebook, Inc. (NASDAQ:FB) on Tuesday, August 15. Another trade for 247,452 shares valued at $42.50 million was sold by Zuckerberg Mark. FISCHER DAVID B. sold $806,019 worth of stock. Shares for $2.74M were sold by Cox Christopher K on Thursday, September 7. $125,138 worth of stock was sold by Stretch Colin on Tuesday, August 29. 38,042 shares were sold by Schroepfer Michael Todd, worth $6.77 million. On Monday, August 21 the insider Wehner David M. sold $2.59 million.

Investors sentiment decreased to 1.15 in Q3 2017. Its down 0.25, from 1.4 in 2017Q2. It turned negative, as 53 investors sold FB shares while 618 reduced holdings. 128 funds opened positions while 644 raised stakes. 1.63 billion shares or 0.88% more from 1.62 billion shares in 2017Q2 were reported. Gilman Hill Asset Mngmt Limited stated it has 8,849 shares or 0.62% of all its holdings. Btr Capital Mgmt holds 0.05% in Facebook, Inc. (NASDAQ:FB) or 1,468 shares. Adell Harriman And Carpenter accumulated 53,616 shares. Seatown Hldg Pte Ltd owns 254,351 shares or 3.15% of their US portfolio. The Alabama-based Regions Corp has invested 0.46% in Facebook, Inc. (NASDAQ:FB). Bright Rock Capital Mngmt Ltd Llc, Massachusetts-based fund reported 25,000 shares. Meridian owns 1.17% invested in Facebook, Inc. (NASDAQ:FB) for 13,783 shares. Tiverton Asset Management Ltd has 2.08% invested in Facebook, Inc. (NASDAQ:FB) for 215,293 shares. Orbis Inv (Us) Ltd Liability owns 24,411 shares. Hitchwood Cap Mgmt LP has 800,000 shares for 5.84% of their portfolio. State Of New Jersey Common Pension Fund D has 3.00M shares. Jones Collombin Investment Counsel accumulated 55,837 shares. Accredited Invsts Inc reported 2,778 shares stake. Logan Capital Mngmt Incorporated owns 190,735 shares. Ameritas Invest Prtn Inc accumulated 142,470 shares.

Alphaone Investment Services Llc decreased Lumentum Hldgs Inc stake by 31,500 shares to 91,000 valued at $4.95 million in 2017Q3. It also reduced Micron Technology Inc (NASDAQ:MU) stake by 302,400 shares and now owns 235,100 shares. Bank Amer Corp (Put) (NYSE:BAC) was reduced too.

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