CNO Financial Group, Inc. (NYSE:CNO) Given Average Rating of “Hold” by Brokerages

CNO Financial Group, Inc. (NYSE:CNO) has received a consensus rating of “Hold” from the five analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $27.50.

A number of research firms recently commented on CNO. Piper Sandler raised shares of CNO Financial Group from a “neutral” rating to an “overweight” rating and set a $29.00 target price on the stock in a research report on Tuesday, April 16th. Royal Bank of Canada raised their price objective on shares of CNO Financial Group from $29.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. StockNews.com downgraded shares of CNO Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. Finally, Evercore ISI raised their price objective on shares of CNO Financial Group from $26.00 to $27.00 and gave the stock an “underperform” rating in a research report on Wednesday, February 28th.

Insider Activity

In other news, EVP Matthew J. Zimpfer sold 3,220 shares of CNO Financial Group stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $26.76, for a total value of $86,167.20. Following the sale, the executive vice president now owns 278,997 shares of the company’s stock, valued at $7,465,959.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Karen Detoro sold 1,282 shares of CNO Financial Group stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $27.00, for a total value of $34,614.00. Following the sale, the insider now owns 79,057 shares of the company’s stock, valued at $2,134,539. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Matthew J. Zimpfer sold 3,220 shares of CNO Financial Group stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $26.76, for a total transaction of $86,167.20. Following the completion of the sale, the executive vice president now directly owns 278,997 shares in the company, valued at approximately $7,465,959.72. The disclosure for this sale can be found here. Insiders have sold a total of 152,590 shares of company stock valued at $4,116,255 over the last quarter. Corporate insiders own 3.00% of the company’s stock.

Institutional Trading of CNO Financial Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Meritage Portfolio Management lifted its stake in shares of CNO Financial Group by 2.1% in the fourth quarter. Meritage Portfolio Management now owns 17,920 shares of the financial services provider’s stock valued at $500,000 after purchasing an additional 377 shares during the period. Uncommon Cents Investing LLC lifted its stake in shares of CNO Financial Group by 3.6% in the first quarter. Uncommon Cents Investing LLC now owns 17,505 shares of the financial services provider’s stock valued at $481,000 after purchasing an additional 615 shares during the period. Assetmark Inc. lifted its stake in shares of CNO Financial Group by 18.0% in the third quarter. Assetmark Inc. now owns 4,166 shares of the financial services provider’s stock valued at $99,000 after purchasing an additional 634 shares during the period. Amalgamated Bank lifted its stake in shares of CNO Financial Group by 1.0% in the fourth quarter. Amalgamated Bank now owns 65,021 shares of the financial services provider’s stock valued at $1,814,000 after purchasing an additional 651 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of CNO Financial Group by 23.2% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,438 shares of the financial services provider’s stock valued at $105,000 after purchasing an additional 835 shares during the period. Institutional investors and hedge funds own 95.43% of the company’s stock.

CNO Financial Group Trading Down 0.2 %

NYSE CNO opened at $26.40 on Wednesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.19 and a quick ratio of 0.19. The firm’s fifty day moving average price is $26.61 and its 200 day moving average price is $26.31. The company has a market capitalization of $2.88 billion, a price-to-earnings ratio of 10.95 and a beta of 1.03. CNO Financial Group has a 12 month low of $19.95 and a 12 month high of $28.39.

CNO Financial Group (NYSE:CNO) last posted its earnings results on Tuesday, February 6th. The financial services provider reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.33. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $934.05 million. CNO Financial Group had a net margin of 6.67% and a return on equity of 17.51%. On average, sell-side analysts expect that CNO Financial Group will post 3.14 earnings per share for the current fiscal year.

CNO Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.27%. The ex-dividend date was Thursday, March 7th. CNO Financial Group’s payout ratio is 24.90%.

CNO Financial Group Company Profile

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.