Analysts Set CNO Financial Group, Inc. (NYSE:CNO) PT at $37.00

Shares of CNO Financial Group, Inc. (NYSE:CNO) have been given an average rating of “Hold” by the five research firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $37.00.

Several analysts have issued reports on CNO shares. Jefferies Financial Group boosted 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. Piper Sandler lifted their price objective on CNO Financial Group from $42.00 to $44.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Finally, Royal Bank of Canada upped their price objective on shares of CNO Financial Group from $38.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, November 4th.

CNO Financial Group Price Performance

CNO opened at $37.10 on Friday. The firm has a market cap of $3.83 billion, a P/E ratio of 14.96 and a beta of 1.04. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.19 and a current ratio of 0.19. CNO Financial Group has a fifty-two week low of $24.92 and a fifty-two week high of $40.91. The firm has a 50-day moving average of $38.16 and a 200 day moving average of $34.52.

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

CNO Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th were issued a dividend of $0.16 per share. The ex-dividend date was Tuesday, December 10th. This represents a $0.64 dividend on an annualized basis and a yield of 1.73%. CNO Financial Group’s dividend payout ratio (DPR) is 25.81%.

Insiders Place Their Bets

In related news, CIO Eric R. Johnson sold 3,978 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $39.09, for a total value of $155,500.02. Following the sale, the executive now owns 631,844 shares in the company, valued at approximately $24,698,781.96. This trade represents a 0.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CMO Rocco F. Tarasi III sold 4,500 shares of CNO Financial Group stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $37.51, for a total value 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 represents a 5.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,745 shares of company stock worth $572,467 in the last quarter. 3.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On CNO Financial Group

A number of institutional investors have recently added to or reduced their stakes in CNO. DekaBank Deutsche Girozentrale lifted its holdings in shares of CNO Financial Group by 680.0% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 34,584 shares of the financial services provider’s stock worth $949,000 after acquiring an additional 30,150 shares during the last quarter. Principal Financial Group Inc. increased its stake in CNO Financial Group by 6.0% in the third quarter. Principal Financial Group Inc. now owns 1,899,599 shares of the financial services provider’s stock valued at $66,676,000 after acquiring an additional 107,589 shares during the last quarter. Interval Partners LP purchased a new stake in CNO Financial Group during the second quarter valued at about $2,360,000. BNP Paribas Financial Markets boosted its holdings in shares of CNO Financial Group by 69.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 39,946 shares of the financial services provider’s stock worth $1,402,000 after purchasing an additional 16,420 shares in the last quarter. Finally, Barclays PLC boosted its holdings in shares of CNO Financial Group by 113.7% in the 3rd quarter. Barclays PLC now owns 219,141 shares of the financial services provider’s stock worth $7,691,000 after purchasing an additional 116,617 shares in the last quarter. 95.43% of the stock is currently owned by institutional investors.

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.