CNO Financial Group, Inc. (NYSE:CNO) Receives $41.00 Consensus Price Target from Analysts

CNO Financial Group, Inc. (NYSE:CNO) has received an average rating of “Hold” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $41.00.

Several equities analysts have recently commented on CNO shares. Keefe, Bruyette & Woods upped their price target on CNO Financial Group from $42.00 to $44.00 and gave the company a “market perform” rating in a research note on Wednesday, February 12th. Royal Bank of Canada upped their price target on CNO Financial Group from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. BMO Capital Markets started coverage on CNO Financial Group in a research note on Thursday, January 23rd. They issued a “market perform” rating and a $38.00 price target on the stock. Finally, Piper Sandler increased their target price on CNO Financial Group from $46.00 to $49.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 2nd.

CNO Financial Group Stock Performance

Shares of CNO Financial Group stock opened at $38.74 on Friday. CNO Financial Group has a 52 week low of $26.36 and a 52 week high of $43.20. The business’s fifty day simple moving average is $39.10 and its 200-day simple moving average is $38.93. The firm has a market cap of $3.84 billion, a PE ratio of 10.36 and a beta of 0.90. The company has a quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 1.61.

CNO Financial Group (NYSE:CNO) last announced its quarterly earnings results on Monday, April 28th. The financial services provider reported $0.79 EPS for the quarter, meeting the consensus estimate of $0.79. CNO Financial Group had a return on equity of 17.20% and a net margin of 9.08%. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $975.80 million. During the same quarter in the prior year, the company posted $0.52 EPS. The company’s quarterly revenue was down 13.2% on a year-over-year basis. Equities analysts forecast that CNO Financial Group will post 3.83 earnings per share for the current year.

CNO Financial Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th will be paid a dividend of $0.17 per share. This is a positive change from CNO Financial Group’s previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, June 10th. This represents a $0.68 annualized dividend and a yield of 1.76%. CNO Financial Group’s dividend payout ratio is presently 23.78%.

Insider Buying and Selling

In other CNO Financial Group news, General Counsel Matthew J. Zimpfer sold 40,800 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $41.49, for a total value of $1,692,792.00. Following the sale, the general counsel now owns 244,943 shares of the company’s stock, valued at $10,162,685.07. This trade represents a 14.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Yvonne K. Franzese sold 2,097 shares of the stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $42.56, for a total value of $89,248.32. Following the completion of the sale, the insider now directly owns 30,321 shares in the company, valued at $1,290,461.76. This represents a 6.47% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 159,512 shares of company stock valued at $6,497,710. Corporate insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On CNO Financial Group

A number of hedge funds have recently bought and sold shares of the stock. EP Wealth Advisors LLC raised its position in CNO Financial Group by 7.8% in the 1st quarter. EP Wealth Advisors LLC now owns 12,347 shares of the financial services provider’s stock valued at $514,000 after purchasing an additional 892 shares in the last quarter. Royal Bank of Canada raised its position in CNO Financial Group by 29.5% in the 1st quarter. Royal Bank of Canada now owns 176,059 shares of the financial services provider’s stock valued at $7,332,000 after purchasing an additional 40,054 shares in the last quarter. Graham Capital Management L.P. acquired a new stake in CNO Financial Group in the 1st quarter valued at about $903,000. State of Wyoming raised its position in CNO Financial Group by 6.1% in the 1st quarter. State of Wyoming now owns 10,602 shares of the financial services provider’s stock valued at $442,000 after purchasing an additional 611 shares in the last quarter. Finally, Trexquant Investment LP raised its position in CNO Financial Group by 13.7% in the 1st quarter. Trexquant Investment LP now owns 158,413 shares of the financial services provider’s stock valued at $6,598,000 after purchasing an additional 19,080 shares in the last quarter. 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.