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CNO Financial Group Inc (CNO): Today's Featured Insurance Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

CNO Financial Group ( CNO) pushed the Insurance industry lower today making it today's featured Insurance laggard. The industry as a whole closed the day up 0.4%. By the end of trading, CNO Financial Group fell $0.38 (-2.2%) to $16.87 on heavy volume. Throughout the day, 3,005,682 shares of CNO Financial Group exchanged hands as compared to its average daily volume of 1,486,800 shares. The stock ranged in price between $16.64-$17.25 after having opened the day at $16.94 as compared to the previous trading day's close of $17.25. Other companies within the Insurance industry that declined today were: AMERISAFE ( AMSF), down 4.5%, American Equity Investment Life ( AEL), down 4.1%, PICO Holdings ( PICO), down 3.0% and Citizens ( CIA), down 2.7%.

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. CNO Financial Group has a market cap of $3.8 billion and is part of the financial sector. The company has a P/E ratio of 9.0, below the S&P 500 P/E ratio of 17.7. Shares are down 3.5% year to date as of the close of trading on Wednesday. Currently there is 1 analyst that rates CNO Financial Group a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates CNO Financial Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins.

On the positive front, Employers Holdings ( EIG), up 10.8%, AmTrust Financial Services ( AFSI), up 8.4%, Maiden Holdings ( MHLD), up 5.5% and Triple-S Management ( GTS), up 3.9% , were all gainers within the insurance industry with Progressive ( PGR) being today's featured insurance industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the insurance industry could consider KBW Insurance ETF ( KIE) while those bearish on the insurance industry could consider Proshares Short Financials ( SEF).

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