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

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

CNO has been the topic of several other reports. Evercore ISI boosted their target price on CNO Financial Group from $27.00 to $29.00 and gave the stock an “underperform” rating in a report on Wednesday, July 31st. Royal Bank of Canada lifted their price target on CNO Financial Group from $30.00 to $38.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Finally, Keefe, Bruyette & Woods increased their price objective on shares of CNO Financial Group from $30.00 to $31.00 and gave the stock a “market perform” rating in a report on Monday, July 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, CNO Financial Group has a consensus rating of “Hold” and an average price target of $34.00.

CNO Financial Group Price Performance

Shares of CNO stock opened at $34.36 on Wednesday. The stock’s fifty day simple moving average is $33.28 and its 200 day simple moving average is $29.58. CNO Financial Group has a one year low of $22.27 and a one year high of $35.63. The firm has a market cap of $3.72 billion, a price-to-earnings ratio of 10.02 and a beta of 1.01. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.19 and a quick ratio of 0.19.

CNO Financial Group (NYSE:CNO) last issued its earnings results on Monday, July 29th. The financial services provider reported $1.05 EPS for the quarter, beating the consensus estimate of $0.72 by $0.33. CNO Financial Group had a net margin of 9.96% and a return on equity of 18.30%. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $929.99 million. During the same quarter in the previous year, the company earned $0.54 EPS. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, analysts expect that CNO Financial Group will post 3.43 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jeanne L. Linnenbringer sold 5,364 shares of CNO Financial Group stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $34.88, for a total transaction of $187,096.32. Following the completion of the sale, the insider now owns 44,884 shares in the company, valued at approximately $1,565,553.92. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other CNO Financial Group news, insider Jeanne L. Linnenbringer sold 5,435 shares of the firm’s stock in a transaction dated 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 $1,290,334.38. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Jeanne L. Linnenbringer sold 5,364 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $34.88, for a total value of $187,096.32. Following the completion of the sale, the insider now directly owns 44,884 shares of the company’s stock, valued at $1,565,553.92. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. CWM LLC boosted its position in shares of CNO Financial Group by 64.1% during the second quarter. CWM LLC now owns 1,144 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 447 shares in the last quarter. Quarry LP increased its position in shares of CNO Financial Group by 123.2% during the second quarter. Quarry LP now owns 1,694 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 935 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in shares of CNO Financial Group during the first quarter worth $52,000. Blue Trust Inc. lifted its position in 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 valued at $66,000 after acquiring an additional 483 shares in the last quarter. Finally, Point72 DIFC Ltd bought a new position in CNO Financial Group during the 2nd quarter worth about $89,000. Institutional investors and hedge funds 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.