CNO Financial Group (NYSE:CNO) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

CNO Financial Group (NYSE:CNO) had its price target lifted by Keefe, Bruyette & Woods from $44.00 to $45.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 14.56% from the stock’s current price.

Other analysts have also recently issued reports about the company. Weiss Ratings restated a “buy (b)” rating on shares of CNO Financial Group in a research report on Wednesday. Wall Street Zen upgraded CNO Financial Group from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, CNO Financial Group currently has a consensus rating of “Moderate Buy” and an average target price of $43.60.

CNO Financial Group Stock Down 2.0%

Shares of CNO opened at $39.28 on Thursday. The company has a 50-day simple moving average of $38.90 and a 200-day simple moving average of $38.32. The firm has a market capitalization of $3.81 billion, a P/E ratio of 14.49 and a beta of 0.90. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.17 and a current ratio of 0.17. CNO Financial Group has a 52 week low of $34.10 and a 52 week high of $43.20.

CNO Financial Group (NYSE:CNO) last announced its quarterly earnings data on Friday, May 19th. The financial services provider reported $0.84 EPS for the quarter. The business had revenue of $968.30 million during the quarter. CNO Financial Group had a net margin of 6.41% and a return on equity of 16.63%. On average, equities research analysts expect that CNO Financial Group will post 3.83 earnings per share for the current year.

Institutional Investors Weigh In On CNO Financial Group

A number of hedge funds have recently made changes to their positions in CNO. Neo Ivy Capital Management acquired a new stake in shares of CNO Financial Group during the 1st quarter worth about $28,000. Turning Point Benefit Group Inc. acquired a new stake in shares of CNO Financial Group during the 2nd quarter worth about $32,000. UMB Bank n.a. grew its position in CNO Financial Group by 89.7% during the 1st quarter. UMB Bank n.a. now owns 1,009 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 477 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in CNO Financial Group by 123.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,176 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 649 shares during the last quarter. Finally, Osaic Holdings Inc. grew its position in CNO Financial Group by 39.2% during the 2nd quarter. Osaic Holdings Inc. now owns 1,194 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 336 shares during the last quarter. Institutional investors and hedge funds 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.