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

Shares of CNO Financial Group, Inc. (NYSE:CNO) have been assigned an average rating of “Hold” from the five ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $37.00.

Several analysts recently issued reports on the company. Jefferies Financial Group increased their price objective on CNO Financial Group from $36.00 to $41.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. Piper Sandler raised their price target on CNO Financial Group from $42.00 to $44.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Finally, Royal Bank of Canada boosted their price target on CNO Financial Group from $38.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, November 4th.

CNO Financial Group Price Performance

Shares of CNO opened at $37.25 on Friday. The business’s 50-day moving average is $38.07 and its 200-day moving average is $34.44. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.19 and a quick ratio of 0.19. The company has a market capitalization of $3.84 billion, a price-to-earnings ratio of 15.02 and a beta of 1.04. CNO Financial Group has a fifty-two week low of $24.92 and a fifty-two week 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 for the quarter, beating the consensus estimate of $0.82 by $0.29. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.88 EPS. Equities research analysts expect that CNO Financial Group will post 3.73 EPS for the current fiscal year.

CNO Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 10th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $0.64 annualized dividend and a dividend yield of 1.72%. CNO Financial Group’s dividend payout ratio (DPR) is presently 25.81%.

Insider Activity

In other CNO Financial Group news, CIO Eric R. Johnson sold 3,978 shares of the company’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 completion of the sale, the executive now directly owns 631,844 shares in the company, valued at $24,698,781.96. This represents a 0.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Rocco F. Tarasi III sold 4,500 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $37.51, for a total value of $168,795.00. Following the completion of the sale, the chief marketing officer now directly owns 72,896 shares in the company, valued at approximately $2,734,328.96. This represents a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,745 shares of company stock valued at $572,467. Insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On CNO Financial Group

Several hedge funds have recently modified their holdings of CNO. GAMMA Investing LLC raised its stake in 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 valued at $85,000 after purchasing an additional 304 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of CNO Financial Group by 6.0% in the 3rd quarter. Principal Financial Group Inc. now owns 1,899,599 shares of the financial services provider’s stock worth $66,676,000 after purchasing an additional 107,589 shares during the last quarter. DGS Capital Management LLC acquired a new stake in shares of CNO Financial Group during the third quarter worth approximately $256,000. Tidal Investments LLC raised its position in CNO Financial Group by 11.3% in the 3rd quarter. Tidal Investments LLC now owns 11,246 shares of the financial services provider’s stock valued at $395,000 after purchasing an additional 1,145 shares during the last quarter. Finally, Vestcor Inc bought a new position in shares of CNO Financial Group in the third quarter valued at about $579,000. 95.43% of the stock is owned by 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.