Morgan Stanley Has Positive Outlook on CNO Financial Following Quarter Results


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


In a report published Wednesday, Morgan Stanley analyst Nigel Dally reiterated an Equal-Weight rating on CNO Financial (NYSE: CNO).In the report, Morgan Stanley noted, “The core thesis for CNO has revolved around its initiatives including acceleration of its run‐off block, improving its capital flexibility while lowering debt costs, and delivering reasonable, predictable earnings growth. This quarter's results, in our view, showed solid progress from several angles. Company announced a reinsurance transaction that covers essentially all of its long term care exposures in OCB; with capital ratios somewhat ahead of our prior expectations, while earnings were solid, matching our estimates but running modestly ahead of the consensus. However, given the strong performance of the stock in recent periods, with the stock up ~90% in 2013 and down a touch YTD still outperforming peers, we believe the current valuation adequately reflects our favorable fundamental outlook for the company.”CNO Financial closed on Tuesday at $17.28.

27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: Analyst ColorReiterationAnalyst RatingsMorgan StanleyNigel Dally