StockStory Cites CNO’s Premium Growth and Valuation
The publisher argues CNO’s recent share gains do not offset slow premium growth and says its valuation leaves better opportunities elsewhere.
Key takeaways
- CNO’s net premiums earned grew at a 1.2% annualized rate over five years, according to StockStory.
- StockStory reported CNO traded at 1.8 times forward book value per share.
StockStory says investors should be cautious about CNO Financial Group, citing slow growth in net premiums earned and a valuation it considers high. The article reported the shares had risen 24.2% over six months to $52.99, outperforming the S&P 500 by 11.4%.
The publisher said net premiums earned grew at a 1.2% annualized rate over the past five years, which it described as weaker than the broader insurance industry. It also noted that CNO’s book value per share grew at a 10.7% annual rate over the past two years.
StockStory said CNO traded at 1.8 times forward book value per share and argued that the valuation reflected substantial positive expectations. The publisher said it sees better opportunities elsewhere.
This article was produced with the help of AI technology. Source: Yahoo Finance
