CNO Financial Group Inc. (CNO) Shares Up 1.8%
Shares of CNO Financial Group Inc. (NYSE:CNO) shot up 1.8% on Wednesday . The company 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.
A number of research firms have recently weighed in on CNO. Keefe, Bruyette & Woods cut their target price on CNO Financial Group from $20.00 to $19.00 and set a “market perform” rating for the company in a research report on Tuesday, August 2nd. Morgan Stanley reiterated a “hold” rating and set a $19.00 target price on shares of CNO Financial Group in a research report on Thursday, July 28th. Deutsche Bank AG cut their target price on CNO Financial Group from $19.00 to $18.00 and set a “hold” rating for the company in a research report on Thursday, July 28th. BTIG Research reiterated a “buy” rating on shares of CNO Financial Group in a research report on Friday, July 15th. Finally, Citigroup Inc. cut their target price on CNO Financial Group from $21.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, July 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. CNO Financial Group presently has an average rating of “Hold” and an average price target of $19.83.
The stock has a 50-day moving average price of $16.67 and a 200 day moving average price of $17.91. The stock has a market capitalization of $2.85 billion and a price-to-earnings ratio of 10.924.
CNO Financial Group (NYSE:CNO) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.35 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.35. The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $961.56 million. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.34 EPS. Equities analysts forecast that CNO Financial Group Inc. will post $1.40 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Friday, September 9th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $0.32 dividend on an annualized basis and a yield of 1.98%.
In related news, EVP Christopher J. Nickele sold 24,996 shares of the business’s stock in a transaction dated Thursday, June 23rd. The stock was sold at an average price of $19.25, for a total transaction of $481,173.00. Following the transaction, the executive vice president now owns 74,975 shares in the company, valued at approximately $1,443,268.75. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
A hedge fund recently raised its stake in CNO Financial Group stock. Employees Retirement System of Texas boosted its position in CNO Financial Group Inc. (NYSE:CNO) by 56.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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 approximately 0.11% of CNO Financial Group worth $4,028,000 at the end of the most recent quarter.
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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