CNO Financial Group (NYSE:CNO) Price Target Raised to $45.00 at Royal Bank of Canada

CNO Financial Group (NYSE:CNO) had its price objective lifted by Royal Bank of Canada from $40.00 to $45.00 in a research report released on Monday morning,Benzinga reports. The firm currently has an outperform rating on the financial services provider’s stock.

Several other analysts have also recently commented on the stock. BMO Capital Markets assumed coverage on shares of CNO Financial Group in a research note on Thursday, January 23rd. They issued a “market perform” rating and a $38.00 target price for the company. Piper Sandler reaffirmed an “overweight” rating and issued a $46.00 price objective (up previously from $44.00) on shares of CNO Financial Group in a research report on Monday. Finally, Jefferies Financial Group upped their target price on CNO Financial Group from $36.00 to $41.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $38.33.

CNO Financial Group Trading Up 0.2 %

CNO Financial Group stock opened at $41.17 on Monday. The stock has a 50-day moving average price of $38.27 and a 200 day moving average price of $36.22. CNO Financial Group has a 52 week low of $24.92 and a 52 week high of $41.54. The stock has a market cap of $4.25 billion, a PE ratio of 11.01 and a beta of 1.04. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 1.50.

CNO Financial Group (NYSE:CNO) last released its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.25. CNO Financial Group had a net margin of 9.08% and a return on equity of 17.21%. Equities research analysts predict that CNO Financial Group will post 3.79 earnings per share for the current fiscal year.

CNO Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend was Tuesday, December 10th. CNO Financial Group’s payout ratio is currently 17.11%.

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 that occurred on Monday, November 18th. The stock was 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 of the company’s stock, valued at approximately $24,698,781.96. The trade was a 0.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CMO Rocco F. Tarasi III sold 1,484 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $38.02, for a total value of $56,421.68. Following the completion of the transaction, the chief marketing officer now owns 79,896 shares of the company’s stock, valued at approximately $3,037,645.92. This represents a 1.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,962 shares of company stock worth $380,717 in the last three months. 3.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in CNO Financial Group by 15.3% in 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 Securities Inc. boosted its holdings in CNO Financial Group by 51.6% in the fourth quarter. Principal Securities Inc. now owns 955 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 325 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in CNO Financial Group by 1.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,647 shares of the financial services provider’s stock valued at $795,000 after purchasing an additional 376 shares during the last quarter. HighTower Advisors LLC grew its stake in CNO Financial Group by 5.3% during the 4th quarter. HighTower Advisors LLC now owns 7,873 shares of the financial services provider’s stock valued at $293,000 after purchasing an additional 394 shares in the last quarter. Finally, Corient Private Wealth LLC increased its holdings in CNO Financial Group by 2.6% during the 4th quarter. Corient Private Wealth LLC now owns 15,634 shares of the financial services provider’s stock worth $582,000 after purchasing an additional 400 shares during the last quarter. 95.43% of the stock is owned by institutional investors and hedge funds.

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.