CNO Financial Group, Inc. (NYSE:CNO) Receives $34.50 Average Price Target from Analysts

Shares of CNO Financial Group, Inc. (NYSE:CNO) have received a consensus recommendation of “Hold” from the five analysts that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $35.80.

Several equities analysts recently issued reports on CNO shares. Royal Bank of Canada boosted their target price on shares of CNO Financial Group from $38.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Piper Sandler upped their price objective on shares of CNO Financial Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Finally, Jefferies Financial Group raised their target price on CNO Financial Group from $36.00 to $41.00 and gave the company a “hold” rating in a research report on Tuesday.

CNO Financial Group Trading Down 0.3 %

NYSE CNO opened at $38.12 on Tuesday. The company has a fifty day moving average of $37.35 and a 200 day moving average of $33.22. The company has a market capitalization of $3.93 billion, a PE ratio of 15.37 and a beta of 1.02. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.19 and a quick ratio of 0.19. CNO Financial Group has a 1 year low of $24.92 and a 1 year high of $40.91.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating 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 return on equity of 17.53% and a net margin of 6.06%. The company’s revenue for the quarter was up 19.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.88 EPS. Research analysts forecast that CNO Financial Group will post 3.73 earnings per share for the current year.

CNO Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th will be given a dividend of $0.16 per share. The ex-dividend date is Tuesday, December 10th. This represents a $0.64 annualized dividend and a dividend yield of 1.68%. CNO Financial Group’s dividend payout ratio (DPR) is presently 25.81%.

Insider Transactions at CNO Financial Group

In related news, CIO Eric R. Johnson sold 3,978 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $39.09, for a total transaction of $155,500.02. Following the transaction, the executive now directly owns 631,844 shares in the company, valued at approximately $24,698,781.96. The trade was a 0.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Jeremy David Williams sold 4,783 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $40.09, for a total transaction of $191,750.47. Following the completion of the sale, 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. Corporate insiders own 3.00% of the company’s stock.

Institutional Trading of CNO Financial Group

Large investors have recently added to or reduced their stakes in the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of CNO Financial Group in the second quarter valued at about $852,000. DekaBank Deutsche Girozentrale grew its stake in shares of CNO Financial Group by 680.0% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 34,584 shares of the financial services provider’s stock valued at $949,000 after buying an additional 30,150 shares during the period. Interval Partners LP acquired a new stake in shares of CNO Financial Group during the 2nd quarter worth approximately $2,360,000. BNP Paribas Financial Markets raised its position in shares of CNO Financial Group by 69.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 39,946 shares of the financial services provider’s stock valued at $1,402,000 after buying an additional 16,420 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in CNO Financial Group by 97.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 622,348 shares of the financial services provider’s stock valued at $17,251,000 after acquiring an additional 306,751 shares during the last quarter. 95.43% of the stock is currently owned by hedge funds and other institutional investors.

CNO Financial Group Company Profile

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.