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

Shares of CNO Financial Group, Inc. (NYSE:CNO) have earned a consensus recommendation of “Hold” from the five analysts that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $35.80.

CNO has been the subject of several analyst reports. Piper Sandler raised their price objective on shares of CNO Financial Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Jefferies Financial Group raised their price target on 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, Royal Bank of Canada upped their price objective 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.

CNO Financial Group Stock Down 0.2 %

Shares of CNO opened at $38.03 on Tuesday. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 1.50. The business has a fifty day moving average of $37.41 and a 200 day moving average of $33.32. The company has a market cap of $3.93 billion, a PE ratio of 15.33 and a beta of 1.02. CNO Financial Group has a 52-week low of $24.92 and a 52-week high of $40.91.

CNO Financial Group (NYSE:CNO) last released its earnings results on Thursday, October 31st. The financial services provider reported $1.11 earnings per share (EPS) 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 firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $945.44 million. During the same quarter last year, the business earned $0.88 EPS. The business’s revenue was up 19.2% on a year-over-year basis. On average, sell-side analysts expect that CNO Financial Group will post 3.73 EPS for the current year.

CNO Financial Group Announces Dividend

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

Insiders Place Their Bets

In other CNO Financial Group news, insider Jeremy David Williams sold 4,783 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $40.09, for a total transaction of $191,750.47. Following the transaction, the insider now directly owns 62,121 shares in the company, valued at $2,490,430.89. This represents a 7.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CIO Eric R. Johnson sold 3,978 shares of the firm’s 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 transaction, the executive now directly owns 631,844 shares in the company, valued at $24,698,781.96. This trade represents a 0.63 % 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

A number of hedge funds have recently bought and sold shares of the stock. CWM LLC increased its holdings in shares of CNO Financial Group by 64.1% in the 2nd quarter. CWM LLC now owns 1,144 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 447 shares during the period. Quarry LP lifted its stake in shares of CNO Financial Group by 123.2% during the 2nd quarter. Quarry LP now owns 1,694 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 935 shares during the last quarter. Blue Trust Inc. boosted its position in CNO Financial Group by 25.4% during the second quarter. Blue Trust Inc. now owns 2,384 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 483 shares in the last quarter. GAMMA Investing LLC grew its stake in CNO Financial Group by 141.8% in the third quarter. GAMMA Investing LLC now owns 1,985 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 1,164 shares during the last quarter. Finally, Point72 DIFC Ltd bought a new position in CNO Financial Group in the second quarter worth about $89,000. 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.