Shares of CNO Financial Group, Inc. (NYSE:CNO – Get Free Report) have received an average rating of “Hold” from the five ratings firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $30.60.
Several analysts recently commented on CNO shares. Royal Bank of Canada increased their price objective on shares of CNO Financial Group from $30.00 to $38.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Piper Sandler boosted their target price on CNO Financial Group from $29.00 to $31.00 and gave the stock an “overweight” rating in a research report on Friday, June 28th. Keefe, Bruyette & Woods raised their target price on shares of CNO Financial Group from $30.00 to $31.00 and gave the stock a “market perform” rating in a report on Monday, July 8th. Finally, Evercore ISI upped their price objective on CNO Financial Group from $27.00 to $29.00 and gave the company an “underperform” rating in a research report on Wednesday, July 31st.
Read Our Latest Research Report on CNO Financial Group
Hedge Funds Weigh In On CNO Financial Group
CNO Financial Group Price Performance
CNO stock opened at $34.92 on Tuesday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.19 and a current ratio of 0.19. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of 10.18 and a beta of 1.04. The firm has a 50 day moving average price of $31.01 and a 200-day moving average price of $28.50. CNO Financial Group has a 52-week low of $22.27 and a 52-week high of $35.45.
CNO Financial Group (NYSE:CNO – Get Free Report) last released its earnings results on Monday, July 29th. The financial services provider reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.33. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $929.99 million. CNO Financial Group had a return on equity of 18.30% and a net margin of 9.96%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.54 earnings per share. Equities research analysts forecast that CNO Financial Group will post 3.43 EPS for the current fiscal year.
CNO Financial Group Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Tuesday, September 10th. CNO Financial Group’s dividend payout ratio is presently 18.66%.
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.
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