CNO Financial Group, Inc. (NYSE:CNO) Receives $46.25 Average PT from Analysts

CNO Financial Group, Inc. (NYSE:CNO) has been given an average recommendation of “Hold” by the five analysts that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $46.25.

CNO has been the topic of a number of research reports. Piper Sandler increased their target price on shares of CNO Financial Group from $46.00 to $50.00 and gave the stock an “overweight” rating in a report on Tuesday, December 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of CNO Financial Group in a report on Wednesday, January 21st. Jefferies Financial Group raised shares of CNO Financial Group from a “hold” rating to a “buy” rating and boosted their price objective for the company from $42.00 to $47.00 in a research report on Monday, December 15th. Evercore reissued an “underperform” rating and issued a $43.00 target price on shares of CNO Financial Group in a report on Wednesday, February 18th. Finally, Wall Street Zen upgraded CNO Financial Group from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th.

Insider Buying and Selling

In related news, CEO Gary C. Bhojwani sold 45,357 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $43.17, for a total transaction of $1,958,061.69. Following the completion of the transaction, the chief executive officer owned 320,547 shares in the company, valued at $13,838,013.99. The trade was a 12.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Yvonne K. Franzese sold 9,000 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $43.17, for a total value of $388,530.00. Following the transaction, the insider owned 35,062 shares of the company’s stock, valued at approximately $1,513,626.54. The trade was a 20.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 226,431 shares of company stock worth $9,715,996. 3.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On CNO Financial Group

Several institutional investors have recently modified their holdings of CNO. American Century Companies Inc. grew its position in CNO Financial Group by 6.2% in the 2nd quarter. American Century Companies Inc. now owns 3,121,527 shares of the financial services provider’s stock worth $120,429,000 after purchasing an additional 183,493 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of CNO Financial Group in the third quarter valued at approximately $1,077,000. AlphaQuest LLC bought a new stake in shares of CNO Financial Group during the third quarter valued at approximately $3,057,000. GSA Capital Partners LLP acquired a new position in shares of CNO Financial Group during the third quarter worth approximately $1,469,000. Finally, Boston Partners boosted its position in shares of CNO Financial Group by 141.1% during the second quarter. Boston Partners now owns 86,148 shares of the financial services provider’s stock worth $3,324,000 after buying an additional 50,411 shares during the period. Institutional investors own 95.43% of the company’s stock.

CNO Financial Group Price Performance

Shares of NYSE CNO opened at $41.59 on Monday. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 1.43. The company has a market capitalization of $3.92 billion, a price-to-earnings ratio of 18.65 and a beta of 0.83. CNO Financial Group has a twelve month low of $34.63 and a twelve month high of $44.85. The business has a 50 day simple moving average of $42.38 and a 200-day simple moving average of $41.03.

CNO Financial Group (NYSE:CNO) last announced its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.27. The firm had revenue of $101.10 million for the quarter, compared to analysts’ expectations of $1 billion. CNO Financial Group had a return on equity of 15.80% and a net margin of 4.94%.The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the business posted $1.18 earnings per share. As a group, equities research analysts expect that CNO Financial Group will post 3.83 earnings per share for the current year.

CNO Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $0.68 annualized dividend and a dividend yield of 1.6%. CNO Financial Group’s dividend payout ratio (DPR) is 30.49%.

About CNO Financial Group

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.