StockCall Insight into CNO Financial and Assurant: Insurance Stocks Announce
Good Quarterly Results
LONDON, February 22, 2013
LONDON, February 22, 2013 /PRNewswire/ --
Insurance sector faces many challenges, though the conditions are improving in
the wake of macroeconomic upswing. Assurant Inc. (NYSE: AIZ) announced
quarterly results and increased its stockholders' value. The company also
announced taking charges for its previous acquisitions. Its stock also logged
good returns. CNO Financial Group Inc (NYSE:CNO), on the other hand, reported
mild growth in its New Annualized Premium. Insurance industry is on the path
of recovery and despite contingencies like Hurricane Sandy and regulatory
uncertainties, is all set to provide good returns. The improvement in housing
sector is also expected to provide positive fillip to home insurance
providers. StockCall has issued technical analysis and charting reports on CNO
Financial Group Inc. and Assurant Inc. Download these free reports now at
Assurant's Stock Up
Assurant Inc. recently announced its full financial year and fourth quarter
results. The company's net income for the quarter stood at 31 cents per share
while it earned $5.67 per share for the entire year. However, it reported flat
sales for the quarter. The company mainly deals with insurance for foreclosed
homes. It also took $27 million in charge for the acquisition of two mortgage
insurance brokers in the UK. The acquisitions were made in 2007. The company
also suffered losses on account of Hurricane Sandy. Sign up and have access to
our free report on Assurant Inc. at
However, its stock rose on news of a delay for force-placed coverage. The new
plan would have forced the insurer to reduce its premium. Assurant also
declared 21 cents per share in quarterly dividend. The stock has 2.05 percent
dividend yield and it grew 18 percent so far this year. However, its value
declined 7 percent in the past 12 months. The stock offers good investment
opportunity for investors looking for regular growth as its payout ratio is
merely 12, providing the cover of security to its future dividend payments.
The company broke the negative streak of 2012 and the stock is currently
performing well. It is expected to keep up the momentum in the near future.
Assurant is also focusing on international operations as its specialty and
employee benefits units continue to lag behind.
CNO Financial Buys Back Shares
CNO Financial posted net income of 41 cents per share for its fourth quarter,
while its full year income stood at 83 cents per share. Its quarterly New
Annualized Premium grew 2 percent to $105.7 million. CNO Financial reported
its full year NAP at $393.4 million, up 5 percent. On a down town, the
company stock was dumped during the quarter by Acadian Asset Management and GW
Capital. Institutional selling is generally considered a negative sign.
Download the free research on CNO Financial Group Inc. today by registering at
The stock is up 47 percent in the past 52 weeks while it grew 16 percent so
far this year. Though, the company's dividend yield is only 0.74 percent, CNO
Financial returns investors' value by the buyback of its shares. The company
bought back 8.64 million shares in the fourth quarter of year 2012 for $80.7
million. During the entire year, CNO Financial spent $180.2 million on buying
back its stock. It also augmented its repurchase program by $300 million.
Overall, the stock holds good promise and is a good investment candidate.
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