UPDATE: BTIG Raises PT to $12 on CNO Financial Group on Core Production Growth

BTIG maintained CNO Financial Group

with a Buy rating and raised the price target from $11.00 to $12.00. BTIG noted, "We are reiterating our BUY recommendation on CNO Financial Group and increasing our price target to $12 (from $11) as we view the the company's results as supportive of its significant capital deployment plans, which should enhance its bottom line and ROE. We believe the stock is inexpensive based on our sum-of-the-parts valuation and the fact that the stock trades at 0.59x 4Q12 diluted per share book value (ex. accumulated other comprehensive income [AOCI])." CNO Financial Group closed at $10.29 on Monday.