CNO Financial Group Inc. (CNO) Trading Down 2.4%
CNO Financial Group Inc. (NYSE:CNO)’s share price fell 2.4% on Friday . The stock traded as low as $15.70 and last traded at $15.74, with a volume of 1,163,000 shares changing hands. The stock had previously closed at $16.13.
Several research firms have recently weighed in on CNO. Deutsche Bank AG boosted their target price on CNO Financial Group from $19.00 to $20.00 and gave the company a “hold” rating in a research report on Monday, May 2nd. BTIG Research reaffirmed a “buy” rating on shares of CNO Financial Group in a research report on Friday, July 15th. Morgan Stanley reaffirmed a “hold” rating and issued a $19.00 price objective on shares of CNO Financial Group in a research report on Thursday, July 28th. Citigroup Inc. cut their price objective on CNO Financial Group from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, July 7th. Finally, Evercore ISI began coverage on CNO Financial Group in a research report on Wednesday, July 6th. They issued a “hold” rating and a $19.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $19.83.
The stock has a 50-day moving average price of $16.64 and a 200-day moving average price of $17.91. The stock has a market cap of $2.77 billion and a price-to-earnings ratio of 10.64.
CNO Financial Group (NYSE:CNO) last released its earnings results on Tuesday, July 26th. The company reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. The firm earned $1 billion during the quarter, compared to analysts’ expectations of $961.56 million. The business’s revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.34 EPS. On average, analysts forecast that CNO Financial Group Inc. will post $1.40 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Friday, September 9th will be given 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 2.02%.
In related news, EVP Christopher J. Nickele sold 24,996 shares of CNO Financial Group stock in a transaction that occurred on 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 $1,443,268.75. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
An institutional investor recently raised its position in CNO Financial Group stock. Employees Retirement System of Texas increased 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 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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