CNO Financial Group's stock has climbed 21.1% over the past six months to $52.43, outperforming the S&P 500 by 13.4 percentage points. Despite this rally, analysts are cautious, citing soft demand with net premiums earned growing at just a 1% annualized rate over five years and book value per share expanding at a mediocre 10.5% annual clip over two years. The stock trades at 1.8 times forward price-to-book, which the report views as pricing in too much optimism. The analysts recommend looking elsewhere, specifically at a safe-and-steady industrials business benefiting from an upgrade cycle.
CNO Financial Group IncNet premiums earned growing at just 1% annualized rate over five years indicates soft demand.