CNO Financial Group Inc. (CNO) Stock Price Up 1.8%
CNO Financial Group Inc. (NYSE:CNO)’s share price rose 1.8% during trading on Wednesday . The stock traded as high as $16.02 and last traded at $16.01, with a volume of 669,054 shares changing hands. The stock had previously closed at $15.73.
CNO has been the topic of several analyst reports. Deutsche Bank AG upped their price target on shares of CNO Financial Group from $19.00 to $20.00 and gave the company a “hold” rating in a report on Monday, May 2nd. Evercore ISI initiated coverage on shares of CNO Financial Group in a report on Wednesday, July 6th. They set a “hold” rating and a $19.00 price target on the stock. Citigroup Inc. cut their price target on shares of CNO Financial Group from $21.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, July 7th. BTIG Research reiterated a “buy” rating on shares of CNO Financial Group in a report on Friday, July 15th. Finally, Morgan Stanley reiterated a “hold” rating and set a $19.00 price target on shares of CNO Financial Group in a report on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. CNO Financial Group currently has a consensus rating of “Hold” and a consensus price target of $19.83.
The company has a 50-day moving average price of $16.71 and a 200 day moving average price of $17.94. The company has a market cap of $2.80 billion and a price-to-earnings ratio of 10.75.
CNO Financial Group (NYSE:CNO) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.35 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.35. The business earned $1 billion during the quarter, compared to analysts’ expectations of $961.56 million. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.34 earnings per share. Analysts anticipate that CNO Financial Group Inc. will post $1.40 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, September 9th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend is Wednesday, September 7th.
In other CNO Financial Group news, EVP Christopher J. Nickele sold 24,996 shares of CNO Financial Group stock in a transaction dated Thursday, June 23rd. The shares were sold at an average price of $19.25, for a total transaction of $481,173.00. Following the transaction, the executive vice president now directly owns 74,975 shares of the company’s stock, valued at $1,443,268.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP John R. Kline sold 25,000 shares of CNO Financial Group stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $20.15, for a total transaction of $503,750.00. Following the transaction, the senior vice president now directly owns 40,371 shares in the company, valued at $813,475.65. The disclosure for this sale can be found here.
An institutional investor recently raised its position in CNO Financial Group stock. Employees Retirement System of Texas increased its position in shares of CNO Financial Group Inc. (NYSE:CNO) by 56.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 211,000 shares of the company’s stock after buying an additional 76,000 shares during the period. Employees Retirement System of Texas owned 0.11% of CNO Financial Group worth $4,028,000 as of its most recent SEC filing.
CNO Financial Group, Inc is a holding company for a group of insurance companies operating across the United States that develop, market and administer health insurance, annuity, individual life insurance and other insurance products. It operates through three operating segments: Bankers Life, Washington National and Colonial Penn.
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