CNO Financial Group, Inc. (NYSE:CNO) Stock Has Consensus Price Target of $56.00

Shares of CNO Financial Group, Inc. (NYSE:CNO) have been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $56.00.

Several equities research analysts have issued reports on CNO shares. Capital One Financial set a $70.00 price target on CNO Financial Group in a research note on Wednesday, August 26th. Zacks Research raised CNO Financial Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 20th. Wall Street Zen lowered CNO Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday. Keefe, Bruyette & Woods boosted their price objective on CNO Financial Group from $53.00 to $57.00 and gave the company a “market perform” rating in a research report on Monday, August 3rd. Finally, Weiss Ratings lowered CNO Financial Group from a “buy (a)” rating to a “buy (a-)” rating in a research note on Friday, October 23rd.

CNO Financial Group Price Performance

Shares of NYSE CNO traded down $1.04 during midday trading on Friday, hitting $55.39. 584,731 shares of the company’s stock were exchanged, compared to its average volume of 943,566. CNO Financial Group has a 12-month low of $38.99 and a 12-month high of $59.15. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 1.95. The company has a market cap of $5.12 billion, a price-to-earnings ratio of 12.65 and a beta of 0.80. The business’s fifty day moving average price is $54.79 and its two-hundred day moving average price is $48.86.

CNO Financial Group (NYSE:CNO) last announced its earnings results on Thursday, October 29th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.80. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.01 billion. CNO Financial Group had a net margin of 9.19% and a return on equity of 22.64%. During the same period in the previous year, the business posted $1.29 earnings per share. As a group, research analysts forecast that CNO Financial Group will post 5.56 EPS for the current fiscal year.

Insider Buying and Selling at CNO Financial Group

In other news, insider Jeanne L. Linnenbringer sold 6,560 shares of CNO Financial Group stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $54.99, for a total transaction of $360,734.40. Following the sale, the insider owned 34,188 shares of the company’s stock, valued at approximately $1,879,998.12. The trade was a 16.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeremy D. Williams sold 4,420 shares of CNO Financial Group stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $55.27, for a total value of $244,293.40. Following the sale, the insider directly owned 62,163 shares in the company, valued at approximately $3,435,749.01. The trade was a 6.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 47,995 shares of company stock valued at $2,641,336 in the last 90 days. Insiders own 3.44% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Fortitude Family Office LLC boosted its stake in CNO Financial Group by 156.9% during the third quarter. Fortitude Family Office LLC now owns 483 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 295 shares in the last quarter. IFP Advisors Inc increased its stake in CNO Financial Group by 38.4% during the 2nd quarter. IFP Advisors Inc now owns 713 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 198 shares in the last quarter. Nykredit A S bought a new stake in shares of CNO Financial Group during the second quarter valued at approximately $39,000. Bessemer Group Inc. raised its holdings in CNO Financial Group by 75.4% in the 1st quarter. Bessemer Group Inc. now owns 1,133 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 487 shares during the last quarter. Finally, Heritage Family Offices LLP bought a new stake in shares of CNO Financial Group in the 3rd quarter worth $53,000. 95.43% of the stock is currently owned by institutional investors.

CNO Financial Group Company Profile

CNO Financial Group, Inc is a holding company for a group of insurance and financial services businesses focused on serving middle-income Americans, particularly individuals approaching or in retirement. Through its operating companies, CNO provides products designed to help customers protect income, manage health care expenses and prepare for retirement.

CNO’s principal brands include Bankers Life, Colonial Penn and Washington National. Its offerings include life insurance, annuities, supplemental health insurance, Medicare supplement insurance and other insurance products.