CNO Financial's (CNO) Numerous Initiatives To Bring Growth
Zacks Investment Research | Sep 01, 2016 10:10PM ET
On Sep 2, 2016, we issued an updated research report on CNO Financial Group, Inc. (NYSE:CNO) .
The company is continuously making investments in growth and efficiency. These include new products to better serve customers, changes in agent recruiting process and enhancements in customer experience.
On the product front, CNO Financial recently announced a guaranteed lifetime income annuity. Recently, the company announced the launch of its wholly owned broker dealer, Bankers Life Securities Inc., and registered investment advisor, Bankers Life Advisory Services Inc. With these units, the company will be able to better serve its middle-market customers' needs, continue to expand nd build its advisor base. The company also invests in technology and is focusing on the Washington National’s ONE SOURCE platform which is aimed at providing fully integrated application and enrollment. Providing more options for customer interaction and service has helped the company to enhance customer experience.
Also CNO Financial's execution of its strategic business plan by exiting and de-emphasizing non-core product lines through divestiture and reinsurance and recapitalization of its debt structure have helped it to generate returns. Its ongoing expense management also bodes well.
Moreover, the diversification of the company’s business models enables it to adapt to changing environments. The segments Bankers Life and Colonial Pen continue to perform well, but weakness is palpable in Washington National.
CNO FINL GRP Price and Consensus
Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.