Is CNO Financial Group, Inc. overvalued or undervalued?

As of 30 June 2025, the valuation grade for CNO Financial Group, Inc. moved from expensive to fair, indicating a more favorable assessment of its market position. The company appears to be fairly valued based on its P/E ratio of 13, which is lower than the P/E of 20.92 for Reinsurance Group of America, Inc. and 15.58 for Assurant, Inc. Additionally, its EV to EBITDA ratio stands at 12.49, which is competitive compared to peers like AXIS Capital Holdings Ltd. at 18.60 and MGIC Investment Corp. at 551.79. The high dividend yield of 188.88% further supports the attractiveness of the stock.
In terms of recent performance, CNO Financial Group has outperformed the S&P 500 over the 1-month and 3-year periods, with returns of 4.79% and 107.66%, respectively, compared to the S&P 500's 2.33% and 70.41%. Overall, CNO Financial Group is fairly valued, with strong returns and competitive ratios compared to its peers.