CNO Financial Group, Inc. (NYSE:CNO) Receives $30.60 Consensus Target Price from Analysts

Shares of CNO Financial Group, Inc. (NYSE:CNO) have earned a consensus recommendation of “Hold” from the five analysts that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $30.60.

A number of research analysts recently weighed in on CNO shares. Keefe, Bruyette & Woods increased their price objective on shares of CNO Financial Group from $30.00 to $31.00 and gave the company a “market perform” rating in a research report on Monday, July 8th. Piper Sandler increased their price objective on shares of CNO Financial Group from $29.00 to $31.00 and gave the company an “overweight” rating in a research report on Friday, June 28th. StockNews.com downgraded shares of CNO Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. Evercore ISI increased their price target on shares of CNO Financial Group from $27.00 to $29.00 and gave the stock an “underperform” rating in a research report on Wednesday, July 31st. Finally, Royal Bank of Canada increased their price target on shares of CNO Financial Group from $30.00 to $38.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st.

CNO Financial Group Trading Up 1.2 %

NYSE:CNO opened at $31.51 on Friday. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 9.19 and a beta of 1.04. The company’s 50 day moving average price is $29.10 and its 200-day moving average price is $27.78. CNO Financial Group has a 52 week low of $22.27 and a 52 week high of $35.45. The company has a quick ratio of 0.18, a current ratio of 0.19 and a debt-to-equity ratio of 1.66.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings data on Monday, July 29th. The financial services provider reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.33. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $929.99 million. CNO Financial Group had a net margin of 9.96% and a return on equity of 18.30%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.54 earnings per share. On average, equities research analysts forecast that CNO Financial Group will post 3.21 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other CNO Financial Group news, insider Michael E. Mead sold 5,013 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $28.85, for a total value of $144,625.05. Following the transaction, the insider now directly owns 36,522 shares in the company, valued at $1,053,659.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CMO Rocco F. Tarasi III sold 3,500 shares of the stock in a transaction on Monday, May 13th. The shares were sold at an average price of $28.50, for a total value of $99,750.00. Following the completion of the sale, the chief marketing officer now directly owns 81,380 shares of the company’s stock, valued at $2,319,330. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Michael E. Mead sold 5,013 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $28.85, for a total transaction of $144,625.05. Following the completion of the sale, the insider now directly owns 36,522 shares of the company’s stock, valued at $1,053,659.70. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,203 shares of company stock worth $462,002. Company insiders own 3.00% of the company’s stock.

Institutional Trading of CNO Financial Group

A number of hedge funds and other institutional investors have recently modified their holdings of CNO. Principal Financial Group Inc. grew its stake in CNO Financial Group by 3.6% during the fourth quarter. Principal Financial Group Inc. now owns 2,226,375 shares of the financial services provider’s stock valued at $62,116,000 after acquiring an additional 76,514 shares in the last quarter. Trexquant Investment LP purchased a new position in CNO Financial Group during the fourth quarter valued at $1,250,000. State Board of Administration of Florida Retirement System grew its stake in CNO Financial Group by 30.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 105,374 shares of the financial services provider’s stock valued at $2,896,000 after acquiring an additional 24,844 shares in the last quarter. Calamos Advisors LLC purchased a new position in CNO Financial Group during the fourth quarter valued at $1,063,000. Finally, Quantbot Technologies LP purchased a new position in CNO Financial Group during the first quarter valued at $890,000. 95.43% of the stock is owned by hedge funds and other institutional investors.

About CNO Financial Group

CNO Financial Group, Inc, through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, insurance products, and financial services for senior and middle-income markets in the United States. It offers Medicare supplement, supplemental health, and long-term care insurance policies; life insurance; and annuities, as well as Medicare advantage plans to individuals through phone, online, mail, and face-to-face.