Analysts Set CNO Financial Group, Inc. (NYSE:CNO) Target Price at $37.17

Shares of CNO Financial Group, Inc. (NYSE:CNO) have been given an average rating of “Hold” by the six brokerages that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $37.17.

A number of research analysts have recently issued reports on the company. BMO Capital Markets began coverage on CNO Financial Group in a report on Thursday, January 23rd. They issued a “market perform” rating and a $38.00 target price on the stock. Jefferies Financial Group boosted their price objective on shares of 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 raised their target price on shares of CNO Financial Group from $42.00 to $44.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Finally, Royal Bank of Canada boosted their price target on shares of CNO Financial Group from $38.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th.

CNO Financial Group Stock Down 0.5 %

Shares of NYSE CNO opened at $39.93 on Wednesday. The business has a 50-day moving average price of $38.26 and a 200 day moving average price of $35.73. The stock has a market cap of $4.12 billion, a PE ratio of 16.10 and a beta of 1.04. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 1.50. 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 posted its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.29. CNO Financial Group had a return on equity of 17.53% and a net margin of 6.06%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $945.44 million. During the same period in the prior year, the company earned $0.88 earnings per share. The company’s revenue was up 19.2% compared to the same quarter last year. Equities research analysts forecast that CNO Financial Group will post 3.73 earnings per share for the current year.

CNO Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th were given a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $0.64 annualized dividend and a dividend yield of 1.60%. CNO Financial Group’s dividend payout ratio is presently 25.81%.

Insider Activity at CNO Financial Group

In related news, insider Jeremy David Williams sold 4,783 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $40.09, for a total transaction of $191,750.47. Following the sale, the insider now owns 62,121 shares in the company, valued at approximately $2,490,430.89. This trade represents a 7.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Rocco F. Tarasi III sold 1,484 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $38.02, for a total value of $56,421.68. Following the completion of the transaction, the chief marketing officer now owns 79,896 shares of the company’s stock, valued at $3,037,645.92. This trade represents a 1.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,745 shares of company stock valued at $572,467. Insiders own 3.00% of the company’s stock.

Institutional Trading of CNO Financial Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. boosted its position in CNO Financial Group by 6.0% during the 3rd quarter. Principal Financial Group Inc. now owns 1,899,599 shares of the financial services provider’s stock worth $66,676,000 after purchasing an additional 107,589 shares during the period. BNP Paribas Financial Markets grew its stake in shares of CNO Financial Group by 69.8% in the third quarter. BNP Paribas Financial Markets now owns 39,946 shares of the financial services provider’s stock valued at $1,402,000 after buying an additional 16,420 shares in the last quarter. Barclays PLC raised its holdings in shares of CNO Financial Group by 113.7% during the 3rd quarter. Barclays PLC now owns 219,141 shares of the financial services provider’s stock valued at $7,691,000 after buying an additional 116,617 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of CNO Financial Group during the 3rd quarter valued at about $227,000. Finally, FMR LLC lifted its position 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 worth $36,526,000 after acquiring an additional 232,631 shares in the last quarter. Hedge funds and other institutional investors own 95.43% of the company’s stock.

About CNO Financial Group

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.