CNO Financial Group, Inc. (NYSE:CNO) Receives Average Rating of “Hold” from Brokerages

CNO Financial Group, Inc. (NYSE:CNO) has earned an average rating of “Hold” from the five research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $35.80.

Several equities analysts recently weighed in on CNO shares. 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 report on Monday, November 4th. Piper Sandler lifted their price objective on CNO Financial Group from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Finally, Jefferies Financial Group boosted their price objective 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.

Insider Buying and Selling

In other CNO Financial Group news, CIO Eric R. Johnson sold 3,978 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $39.09, for a total transaction of $155,500.02. Following the completion of the transaction, the executive now owns 631,844 shares of the company’s stock, valued at $24,698,781.96. This represents a 0.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeremy David Williams sold 4,783 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $40.09, for a total value of $191,750.47. Following the transaction, the insider now owns 62,121 shares of the company’s stock, valued at approximately $2,490,430.89. The trade was a 7.15 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company insiders.

Institutional Trading of CNO Financial Group

Large investors have recently added to or reduced their stakes in the company. CWM LLC grew its holdings in shares of CNO Financial Group by 64.1% in the second quarter. CWM LLC now owns 1,144 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 447 shares in the last quarter. Quarry LP grew its stake in shares of CNO Financial Group by 123.2% in the 2nd quarter. Quarry LP now owns 1,694 shares of the financial services provider’s stock worth $47,000 after buying an additional 935 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of CNO Financial Group by 141.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,985 shares of the financial services provider’s stock worth $70,000 after buying an additional 1,164 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of CNO Financial Group by 25.4% in the 2nd quarter. Blue Trust Inc. now owns 2,384 shares of the financial services provider’s stock worth $66,000 after buying an additional 483 shares during the last quarter. Finally, Point72 DIFC Ltd purchased a new stake in shares of CNO Financial Group during the 2nd quarter valued at about $89,000. Institutional investors own 95.43% of the company’s stock.

CNO Financial Group Stock Performance

CNO opened at $38.03 on Tuesday. The company’s 50 day moving average is $37.41 and its 200 day moving average is $33.32. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 1.50. The company has a market cap of $3.93 billion, a price-to-earnings ratio of 15.33 and a beta of 1.02. CNO Financial Group has a 12-month low of $24.92 and a 12-month high of $40.91.

CNO Financial Group (NYSE:CNO) last released its quarterly 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 the consensus estimate of $945.44 million. During the same period last year, the firm earned $0.88 earnings per share. The company’s quarterly revenue was up 19.2% on a year-over-year basis. On average, equities research analysts predict that CNO Financial Group will post 3.73 EPS for the current year.

CNO Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 10th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend is Tuesday, December 10th. CNO Financial Group’s dividend payout ratio (DPR) is 25.81%.

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.