CNO Financial Group, Inc. (NYSE:CNO) Receives $37.00 Consensus Price Target from Analysts

CNO Financial Group, Inc. (NYSE:CNO) has received an average rating of “Hold” from the five research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $37.00.

CNO has been the topic of several research analyst reports. Royal Bank of Canada raised their target price on CNO Financial Group from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Piper Sandler raised their price objective on shares of CNO Financial Group from $42.00 to $44.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Finally, Jefferies Financial Group upped their target price on shares of CNO Financial Group from $36.00 to $41.00 and gave the company a “hold” rating in a report on Tuesday, December 10th.

Insider Transactions at CNO Financial Group

In other CNO Financial Group news, CMO Rocco F. Tarasi III sold 1,484 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $38.02, for a total value of $56,421.68. Following the transaction, the chief marketing officer now directly owns 79,896 shares of the company’s stock, valued at approximately $3,037,645.92. The trade was a 1.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jeremy David Williams sold 4,783 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $40.09, for a total transaction of $191,750.47. Following the transaction, the insider now owns 62,121 shares of the company’s stock, valued at approximately $2,490,430.89. The trade was a 7.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,745 shares of company stock worth $572,467 over the last 90 days. 3.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CNO Financial Group

Institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its stake in shares of CNO Financial Group by 15.3% during the 4th quarter. GAMMA Investing LLC now owns 2,289 shares of the financial services provider’s stock worth $85,000 after buying an additional 304 shares in the last quarter. Principal Financial Group Inc. grew its holdings in CNO Financial Group by 6.0% during the third quarter. Principal Financial Group Inc. now owns 1,899,599 shares of the financial services provider’s stock worth $66,676,000 after acquiring an additional 107,589 shares during the period. DGS Capital Management LLC purchased a new position in CNO Financial Group in the third quarter worth $256,000. Tidal Investments LLC lifted its holdings in CNO Financial Group by 11.3% in the third quarter. Tidal Investments LLC now owns 11,246 shares of the financial services provider’s stock valued at $395,000 after acquiring an additional 1,145 shares during the period. Finally, Vestcor Inc purchased a new stake in shares of CNO Financial Group during the 3rd quarter worth $579,000. Hedge funds and other institutional investors own 95.43% of the company’s stock.

CNO Financial Group Stock Down 3.0 %

CNO Financial Group stock opened at $36.03 on Friday. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $3.72 billion, a P/E ratio of 14.53 and a beta of 1.04. The stock’s fifty day simple moving average is $38.21 and its 200-day simple moving average is $34.54. CNO Financial Group has a twelve month low of $24.92 and a twelve month high of $40.91.

CNO Financial Group (NYSE:CNO) last released its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.29. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $945.44 million. CNO Financial Group had a net margin of 6.06% and a return on equity of 17.53%. The company’s revenue for the quarter was up 19.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.88 EPS. As a group, equities analysts expect that CNO Financial Group will post 3.73 earnings per share for the current fiscal year.

CNO Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 10th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date was Tuesday, December 10th. CNO Financial Group’s payout ratio is currently 25.81%.

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.