Keefe, Bruyette & Woods Increases CNO Financial Group (NYSE:CNO) Price Target to $44.00

CNO Financial Group (NYSE:CNO) had its target price boosted by analysts at Keefe, Bruyette & Woods from $42.00 to $44.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 5.91% from the stock’s previous close.

A number of other research firms also recently issued reports on CNO. Piper Sandler reaffirmed an “overweight” rating and set a $46.00 price objective (up from $44.00) on shares of CNO Financial Group in a report on Monday. Royal Bank of Canada lifted their price objective on shares of CNO Financial Group from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday. Jefferies Financial Group boosted their price target on shares of CNO Financial Group from $36.00 to $41.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. Finally, 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 price target for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $40.50.

CNO Financial Group Stock Performance

NYSE CNO opened at $41.55 on Wednesday. CNO Financial Group has a 52-week low of $24.92 and a 52-week high of $41.60. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.19 and a current ratio of 0.19. The company has a market capitalization of $4.29 billion, a P/E ratio of 11.11 and a beta of 1.04. The company has a fifty day moving average of $38.38 and a 200-day moving average of $36.36.

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

Insiders Place Their Bets

In other CNO Financial Group news, CIO Eric R. Johnson sold 3,978 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $39.09, for a total value of $155,500.02. Following the transaction, the executive now owns 631,844 shares in the company, valued at approximately $24,698,781.96. The trade was a 0.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Rocco F. Tarasi III sold 1,484 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $38.02, for a total transaction of $56,421.68. Following the transaction, the chief marketing officer now owns 79,896 shares in the company, valued at $3,037,645.92. This represents a 1.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,962 shares of company stock valued at $380,717 over the last three months. Insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On CNO Financial Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jones Financial Companies Lllp increased its position in shares of CNO Financial Group by 368.2% during the fourth quarter. Jones Financial Companies Lllp now owns 796 shares of the financial services provider’s stock valued at $30,000 after buying an additional 626 shares during the period. Smartleaf Asset Management LLC increased its position in shares of CNO Financial Group by 95.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 855 shares of the financial services provider’s stock valued at $32,000 after buying an additional 417 shares during the period. Principal Securities Inc. increased its position in shares of CNO Financial Group by 51.6% during the fourth quarter. Principal Securities Inc. now owns 955 shares of the financial services provider’s stock valued at $36,000 after buying an additional 325 shares during the period. Headlands Technologies LLC increased its position in shares of CNO Financial Group by 193.2% during the fourth quarter. Headlands Technologies LLC now owns 1,337 shares of the financial services provider’s stock valued at $50,000 after buying an additional 881 shares during the period. Finally, Sound Income Strategies LLC purchased a new position in shares of CNO Financial Group during the fourth quarter valued at about $54,000. Hedge funds and other institutional investors 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.