BMO Capital Markets Begins Coverage on CNO Financial Group (NYSE:CNO)

Investment analysts at BMO Capital Markets started coverage on shares of CNO Financial Group (NYSE:CNO) in a report issued on Thursday, MarketBeat reports. The firm set a “market perform” rating and a $38.00 price target on the financial services provider’s stock. BMO Capital Markets’ target price suggests a potential downside of 2.15% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. Piper Sandler upped their target price 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. Royal Bank of Canada increased their price objective on shares of CNO Financial Group from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Finally, Jefferies Financial Group increased their price objective on shares of CNO Financial Group from $36.00 to $41.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $37.17.

CNO Financial Group Trading Down 0.0 %

Shares of CNO Financial Group stock opened at $38.84 on Thursday. The firm has a market capitalization of $4.01 billion, a PE ratio of 15.66 and a beta of 1.04. 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’s fifty day moving average price is $38.20 and its two-hundred day moving average price is $35.34. CNO Financial Group has a 52-week low of $24.92 and a 52-week high of $40.91.

CNO Financial Group (NYSE:CNO) last posted its earnings results on Thursday, October 31st. The financial services provider reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.29. CNO Financial Group had a net margin of 6.06% and a return on equity of 17.53%. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $945.44 million. During the same quarter in the prior year, the firm earned $0.88 EPS. The firm’s quarterly revenue was up 19.2% compared to the same quarter last year. On average, analysts expect that CNO Financial Group will post 3.73 EPS for the current year.

Insider Activity at CNO Financial Group

In other CNO Financial Group news, CIO Eric R. Johnson sold 3,978 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $39.09, for a total transaction of $155,500.02. Following the sale, the executive now directly owns 631,844 shares in the company, valued at approximately $24,698,781.96. This trade represents a 0.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jeremy David Williams sold 4,783 shares of the firm’s stock in a transaction that occurred 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 directly owns 62,121 shares of the company’s stock, valued at $2,490,430.89. This represents a 7.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,745 shares of company stock worth $572,467 in the last ninety days. Company insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On CNO Financial Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Quarry LP lifted its holdings in CNO Financial Group by 123.2% during the 2nd quarter. Quarry LP now owns 1,694 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 935 shares during the last quarter. Sound Income Strategies LLC acquired a new position in CNO Financial Group in the fourth quarter valued at about $54,000. CWM LLC raised its stake in CNO Financial Group by 53.0% in the third quarter. CWM LLC now owns 1,750 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 606 shares in the last quarter. GAMMA Investing LLC raised its stake in CNO Financial Group by 141.8% in the third quarter. GAMMA Investing LLC now owns 1,985 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 1,164 shares in the last quarter. Finally, Point72 DIFC Ltd acquired a new position in CNO Financial Group in the second quarter valued at about $89,000. 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.