Piper Sandler Increases CNO Financial Group (NYSE:CNO) Price Target to $44.00

CNO Financial Group (NYSE:CNO) had its target price lifted by analysts at Piper Sandler from $42.00 to $44.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Piper Sandler’s price objective points to a potential upside of 22.15% from the company’s current price.

Several other analysts also recently weighed in on the company. Royal Bank of Canada lifted their target price 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. Jefferies Financial Group increased their price target on CNO Financial Group from $36.00 to $41.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $37.00.

CNO Financial Group Trading Up 0.7 %

NYSE:CNO opened at $36.02 on Wednesday. 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 12 month low of $24.92 and a 12 month high of $40.91. The firm has a market capitalization of $3.72 billion, a PE ratio of 14.52 and a beta of 1.02. The business’s 50-day moving average is $37.63 and its two-hundred day moving average is $33.53.

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

Insider Buying and Selling

In related news, CMO Rocco F. Tarasi III sold 4,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was 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. The trade was a 5.81 % decrease in their ownership of the stock. 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 company’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 sale, the insider now directly owns 62,121 shares of the company’s stock, valued at approximately $2,490,430.89. This trade represents a 7.15 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,745 shares of company stock worth $572,467. Corporate insiders own 3.21% of the company’s stock.

Institutional Investors Weigh In On CNO Financial Group

Several hedge funds have recently modified their holdings of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in CNO Financial Group during the 2nd quarter worth about $852,000. DekaBank Deutsche Girozentrale raised its position in shares of CNO Financial Group by 680.0% during the second quarter. DekaBank Deutsche Girozentrale now owns 34,584 shares of the financial services provider’s stock worth $949,000 after purchasing an additional 30,150 shares during the period. Interval Partners LP bought a new position in shares of CNO Financial Group in the second quarter valued at $2,360,000. BNP Paribas Financial Markets lifted its position in CNO Financial Group by 69.8% in 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 acquiring an additional 16,420 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of CNO Financial Group by 97.2% during 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 buying an additional 306,751 shares during the last quarter. Institutional investors and hedge funds own 95.43% of the company’s stock.

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.