CNO's balance-sheet quality stands out — free cash flow runs at 418% of net income with a Piotroski F-Score of 8 out of 9 — but the most recent quarter delivered a -57.91% earnings miss after three strong consecutive beats, the stock is overbought at RSI 75 and has already traded past its analyst target, and a high-severity reinsurance counterparty concentration adds tail risk that is difficult to underwrite at current levels.
Thesis pillars
- Reinsurance Counterparty Concentration↓Deteriorating
- Exceptional Cash Conversion Near Perfect Quality→Stable
- Sharp Earnings Miss Breaks Beat Streak↑Improving
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed Feb 24, 2026
CNO Financial Group, Inc. (CNO) Stock Analysis
Breakout setup
Financial Services · Insurance - Life
Wait for pullback to $51.52. Price sits above the model's entry target of $51.52; the risk/reward becomes favorable on a pullback. Key risks: Concentration risk — Counterparty: top-7 reinsurers; Analyst target reached - limited upside remaining.
CNO Financial Group markets health insurance, annuities and individual life insurance to middle-income pre-retirees and retirees across all 50 states through three brands: Bankers Life, Washington National and Colonial Penn. The company collected $4.6 billion in premiums in 2025... Read more
Wait for pullback to $51.52. Price sits above the model's entry target of $51.52; the risk/reward becomes favorable on a pullback. Key risks: Concentration risk — Counterparty: top-7 reinsurers; Analyst target reached - limited upside remaining. Chart setup: Golden cross, above all MAs, RSI 56, MACD bullish. Earnings today. Wait until post-earnings. Score 6.0/10, moderate confidence.
Passes 5/7 gates (positive momentum, clean insider activity, no SEC red flags, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio and earnings proximity 0d<=7d. Suitability: moderate.
Recent developments
updated 2026-10-29Recent Developments — CNO Financial Group, Inc.
Latest news
- NEWS CNO Financial Group earnings: what to look for from CNO - Yahoo Finance — Yahoo Finance neutral
- NEWS CNO Financial Group (NYSE:CNO) Shares Cross Above Fifty Day Moving Average - Time to Sell? - MarketBeat — MarketBeat neutral
- NEWS CNO Financial Group earnings: what to look for from CNO - StockStory — StockStory neutral
- NEWS CNO Financial Group earnings: what to look for from CNO - FinancialContent — FinancialContent neutral
- NEWS CNO Financial Group earnings: what to look for from CNO - TradingView — TradingView neutral
Generated 2026-10-29T11:14:31Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- MEDIUMProductfixed indexed annuities38%10-K Item 1: 'Fixed Indexed Annuities. These products accounted for $1,739.9 million, or 38 percent, of our total premium collections during 2025.'
- LOWGeographicFlorida12%10-K Item 1: 'Sales to residents of the following states accounted for at least 5 percent of our 2025 collected premiums: Florida (12 percent)'
- HIGHcounterpartytop-7 reinsurers10-K Item 1A: 'Our seven largest reinsurers...accounted for 97 percent of our ceded life insurance inforce and 99 percent of our reinsurance receivables.'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
Show full disclosure ▾Hide full disclosure ▴
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. People who build TrendMatrix, or entities they control, may hold positions, long or short, in securities it covers, and may trade them at any time. Positions are not disclosed individually. Verdicts are generated by an automated model applied by the same rules to every covered stock, and are not adjusted for any position held by the people who build TrendMatrix. We do not accept payment from issuers for coverage.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
Rating Breakdown
1 floor-breaker
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Wait for pullback to $51.52. Price sits above the model's entry target of $51.52; the risk/reward becomes favorable on a pullback. Key risks: Concentration risk — Counterparty: top-7 reinsurers; Analyst target reached - limited upside remaining. Chart setup: Golden cross, above all MAs, RSI 56, MACD bullish. Earnings today. Wait until post-earnings. Analyst target $46.54 reached (−14.4%), stop $49.60 (−9.6%), A.R:R -2.9:1. Score 6.0/10, moderate confidence.
Analyst target $46.54 reached (−14.4% from $54.38); no take-profit level is published. Analyst target $46.54 reached (−14.4%), stop $49.60 (−9.6%), A.R:R -2.9:1. Stop-loss: $49.60.
Concentration risk — Counterparty: top-7 reinsurers; Analyst target reached - limited upside remaining; Leverage penalty (D/E 1.8): -1.0.
CNO Financial Group, Inc. trades at a P/E of 18.8 (forward 10.7). TrendMatrix value score: 7.6/10. Verdict: Buy (Wait for Entry).
11 analysts cover CNO with a consensus score of 3.5/5. Average price target: $55.
What does CNO Financial Group, Inc. do?CNO Financial Group markets health insurance, annuities and individual life insurance to middle-income pre-retirees and...
CNO Financial Group markets health insurance, annuities and individual life insurance to middle-income pre-retirees and retirees across all 50 states through three brands: Bankers Life, Washington National and Colonial Penn. The company collected $4.6 billion in premiums in 2025 with $38.8 billion in total assets, earning spread income primarily on fixed indexed annuities, which accounted for 38% of total premium collections.