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

CNO Financial Group (NYSE:CNO) had its price target boosted by stock analysts at Piper Sandler from $42.00 to $44.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. Piper Sandler’s price target indicates a potential upside of 22.15% from the company’s previous close.

Several other research analysts have also issued reports on CNO. Royal Bank of Canada upped their target price on shares of CNO Financial Group from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Jefferies Financial Group upped their price target on shares of CNO Financial Group from $36.00 to $41.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, CNO Financial Group currently has a consensus rating of “Hold” and a consensus target price of $37.00.

CNO Financial Group Stock Up 0.7 %

CNO Financial Group stock opened at $36.02 on Wednesday. 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 has a 1-year low of $24.92 and a 1-year high of $40.91. The firm has a market capitalization of $3.72 billion, a price-to-earnings ratio of 14.52 and a beta of 1.02. The firm has a 50 day simple moving average of $37.63 and a 200 day simple moving average of $33.53.

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

Insider Buying and Selling at CNO Financial Group

In related 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 sale, the executive now directly owns 631,844 shares of the company’s stock, valued at approximately $24,698,781.96. This represents a 0.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CMO Rocco F. Tarasi III sold 4,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $37.51, for a total transaction of $168,795.00. Following the sale, the chief marketing officer now directly owns 72,896 shares of the company’s stock, valued at $2,734,328.96. This trade represents a 5.81 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,745 shares of company stock valued at $572,467. 3.21% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CNO Financial Group

A number of large investors have recently added to or reduced their stakes in CNO. Assenagon Asset Management S.A. boosted its position in CNO Financial Group by 300.9% in the third quarter. Assenagon Asset Management S.A. now owns 1,199,040 shares of the financial services provider’s stock worth $42,086,000 after purchasing an additional 899,990 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of CNO Financial Group by 455.1% during the second quarter. Victory Capital Management Inc. now owns 777,271 shares of the financial services provider’s stock worth $21,546,000 after acquiring an additional 637,254 shares during the last quarter. American Century Companies Inc. grew its position in shares of CNO Financial Group by 19.4% during the second quarter. American Century Companies Inc. now owns 2,117,416 shares of the financial services provider’s stock valued at $58,695,000 after purchasing an additional 343,819 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in 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. Finally, FMR LLC grew its holdings in CNO Financial Group by 28.8% during the 3rd quarter. FMR LLC now owns 1,040,619 shares of the financial services provider’s stock valued at $36,526,000 after buying an additional 232,631 shares in the last quarter. 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.