Piper Sandler Boosts CNO Financial Group (NYSE:CNO) Price Target to $38.00

CNO Financial Group (NYSE:CNO) had its price objective raised by investment analysts at Piper Sandler from $37.00 to $38.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Piper Sandler’s target price indicates a potential upside of 10.59% from the stock’s current price.

Several other equities analysts also recently commented on CNO. Keefe, Bruyette & Woods upped their price objective on shares of CNO Financial Group from $30.00 to $31.00 and gave the company a “market perform” rating in a report on Monday, July 8th. Evercore ISI upped their price target on shares of CNO Financial Group from $27.00 to $29.00 and gave the company an “underperform” rating in a research note on Wednesday, July 31st. Finally, Royal Bank of Canada raised their price objective on shares of CNO Financial Group from $30.00 to $38.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, CNO Financial Group has a consensus rating of “Hold” and an average target price of $34.00.

CNO Financial Group Trading Down 2.1 %

Shares of NYSE:CNO opened at $34.36 on Wednesday. The company has a 50-day simple moving average of $33.28 and a 200 day simple moving average of $29.58. The company has a market capitalization of $3.72 billion, a P/E ratio of 10.02 and a beta of 1.01. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.19 and a current ratio of 0.19. CNO Financial Group has a 52-week low of $22.27 and a 52-week high of $35.63.

CNO Financial Group (NYSE:CNO) last released its quarterly earnings data on Monday, July 29th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.33. CNO Financial Group had a return on equity of 18.30% and a net margin of 9.96%. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $929.99 million. During the same period last year, the firm posted $0.54 earnings per share. The business’s revenue was up 4.2% on a year-over-year basis. Sell-side analysts forecast that CNO Financial Group will post 3.43 earnings per share for the current year.

Insider Buying and Selling

In other CNO Financial Group news, insider Jeanne L. Linnenbringer sold 5,435 shares of CNO Financial Group stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $34.26, for a total value of $186,203.10. Following the completion of the sale, the insider now owns 37,663 shares in the company, valued at approximately $1,290,334.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other CNO Financial Group news, insider Jeanne L. Linnenbringer sold 5,435 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $34.26, for a total transaction of $186,203.10. Following the transaction, the insider now owns 37,663 shares in the company, valued at approximately $1,290,334.38. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jeanne L. Linnenbringer sold 5,364 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $34.88, for a total value of $187,096.32. Following the sale, the insider now owns 44,884 shares of the company’s stock, valued at $1,565,553.92. The disclosure for this sale can be found here. 3.00% of the stock is owned by insiders.

Institutional Investors Weigh In On CNO Financial Group

Large investors have recently bought and sold shares of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of CNO Financial Group during the 2nd quarter worth approximately $852,000. State Board of Administration of Florida Retirement System lifted its stake in CNO Financial Group by 30.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 105,374 shares of the financial services provider’s stock worth $2,896,000 after purchasing an additional 24,844 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its holdings 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 purchasing an additional 30,150 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of CNO Financial Group in the 1st quarter valued at $890,000. Finally, Interval Partners LP bought a new position in shares of CNO Financial Group in the 2nd quarter valued at $2,360,000. 95.43% of the stock is currently owned by institutional investors and hedge funds.

About CNO Financial Group

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.