CNO Financial Group, Inc. (NYSE:CNO) Given Average Rating of “Moderate Buy” by Analysts

CNO Financial Group, Inc. (NYSE:CNO) has received an average recommendation of “Moderate Buy” from the six brokerages that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $45.00.

Several equities research analysts recently issued reports on CNO shares. Keefe, Bruyette & Woods increased their target price on shares of CNO Financial Group from $44.00 to $45.00 and gave the stock a “market perform” rating in a report on Thursday, October 9th. Piper Sandler increased their price objective on shares of CNO Financial Group from $46.00 to $50.00 and gave the stock an “overweight” rating in a research note on Tuesday. Wall Street Zen upgraded shares of CNO Financial Group from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Weiss Ratings restated a “buy (b)” rating on shares of CNO Financial Group in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group raised CNO Financial Group from a “hold” rating to a “buy” rating and upped their price objective for the stock from $42.00 to $47.00 in a research note on Monday, December 15th.

Insider Activity at CNO Financial Group

In other CNO Financial Group news, CMO Rocco F. Tarasi III sold 9,283 shares of CNO Financial Group stock in a transaction on Monday, December 15th. The shares were sold at an average price of $42.60, for a total value of $395,455.80. Following the sale, the chief marketing officer directly owned 73,932 shares in the company, valued at approximately $3,149,503.20. The trade was a 11.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CIO Eric R. Johnson sold 48,665 shares of the firm’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $41.24, for a total value of $2,006,944.60. Following the transaction, the executive owned 671,542 shares of the company’s stock, valued at approximately $27,694,392.08. The trade was a 6.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 3.38% of the company’s stock.

Hedge Funds Weigh In On CNO Financial Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. increased its stake in CNO Financial Group by 1.0% in the 3rd quarter. Franklin Resources Inc. now owns 4,302,316 shares of the financial services provider’s stock worth $170,157,000 after acquiring an additional 42,467 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of CNO Financial Group by 3.8% in the third quarter. American Century Companies Inc. now owns 3,239,944 shares of the financial services provider’s stock valued at $128,140,000 after purchasing an additional 118,417 shares in the last quarter. Allianz Asset Management GmbH increased its position in CNO Financial Group by 70.9% in the second quarter. Allianz Asset Management GmbH now owns 1,546,745 shares of the financial services provider’s stock worth $59,673,000 after purchasing an additional 641,950 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in CNO Financial Group by 72.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,333,698 shares of the financial services provider’s stock valued at $51,641,000 after purchasing an additional 561,327 shares in the last quarter. Finally, Invesco Ltd. lifted its position in CNO Financial Group by 10.2% during the first quarter. Invesco Ltd. now owns 990,776 shares of the financial services provider’s stock valued at $41,266,000 after purchasing an additional 91,550 shares during the last quarter. 95.43% of the stock is owned by institutional investors.

CNO Financial Group Price Performance

NYSE CNO opened at $43.61 on Wednesday. The business’s fifty day moving average is $40.74 and its 200 day moving average is $39.14. CNO Financial Group has a fifty-two week low of $34.63 and a fifty-two week high of $44.01. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.18 and a current ratio of 0.18. The company has a market capitalization of $4.16 billion, a PE ratio of 15.25 and a beta of 0.86.

CNO Financial Group (NYSE:CNO) last posted its quarterly earnings data on Friday, May 19th. The financial services provider reported $0.84 EPS for the quarter. CNO Financial Group had a return on equity of 15.81% and a net margin of 6.64%.The firm had revenue of $968.30 million for the quarter. Sell-side analysts predict that CNO Financial Group will post 3.83 earnings per share for the current year.

CNO Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Wednesday, December 10th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Wednesday, December 10th. CNO Financial Group’s dividend payout ratio (DPR) is 23.78%.

CNO Financial Group Company Profile

CNO Financial Group is an Indiana‐based holding company that offers a range of insurance and retirement solutions through its operating subsidiaries. Its primary business activities include life insurance, annuities, and supplemental health insurance products designed to help individuals plan for retirement and manage health‐related expenses. The company serves middle‐income Americans, with particular emphasis on senior customers seeking guaranteed coverage and reliable income streams.

Originally founded as Conseco in 1979, the company underwent a financial restructuring and rebranded as CNO Financial Group in 2010.