Brokerages Set CNO Financial Group, Inc. (NYSE:CNO) Target Price at $27.50

CNO Financial Group, Inc. (NYSE:CNOGet Free Report) has been assigned an average rating of “Hold” from the five analysts that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $27.50.

Several equities analysts have commented on CNO shares. Evercore ISI raised their target price on shares of CNO Financial Group from $26.00 to $27.00 and gave the company an “underperform” rating in a research note on Wednesday, February 28th. 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 note on Tuesday, April 16th. Finally, StockNews.com cut shares of CNO Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, April 12th.

Check Out Our Latest Stock Analysis on CNO

CNO Financial Group Stock Down 0.3 %

CNO Financial Group stock opened at $27.18 on Thursday. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 7.92 and a beta of 1.05. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 1.41. The company’s 50-day moving average price is $27.34 and its two-hundred day moving average price is $27.15. CNO Financial Group has a 52 week low of $22.06 and a 52 week high of $29.09.

CNO Financial Group (NYSE:CNOGet Free Report) last released its earnings results on Monday, April 29th. The financial services provider reported $0.52 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.12). The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $935.76 million. CNO Financial Group had a net margin of 9.07% and a return on equity of 16.77%. The firm’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.51 EPS. On average, analysts expect that CNO Financial Group will post 3.08 EPS for the current fiscal year.

CNO Financial Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 10th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Monday, June 10th. This represents a $0.64 annualized dividend and a dividend yield of 2.35%. This is a boost from CNO Financial Group’s previous quarterly dividend of $0.15. CNO Financial Group’s payout ratio is currently 18.66%.

Insider Transactions at CNO Financial Group

In other news, CEO Gary C. Bhojwani sold 9,434 shares of CNO Financial Group stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $26.87, for a total value of $253,491.58. Following the transaction, the chief executive officer now directly owns 332,694 shares of the company’s stock, valued at $8,939,487.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Gary C. Bhojwani sold 18,692 shares of CNO Financial Group stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $27.52, for a total value of $514,403.84. Following the transaction, the chief executive officer now directly owns 314,002 shares of the company’s stock, valued at $8,641,335.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Gary C. Bhojwani sold 9,434 shares of CNO Financial Group stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $26.87, for a total transaction of $253,491.58. Following the completion of the transaction, the chief executive officer now directly owns 332,694 shares in the company, valued at $8,939,487.78. The disclosure for this sale can be found here. Insiders have sold 99,712 shares of company stock valued at $2,758,595 in the last quarter. Insiders own 3.21% of the company’s stock.

Institutional Trading of CNO Financial Group

Several institutional investors have recently made changes to their positions in CNO. Daiwa Securities Group Inc. acquired a new stake in shares of CNO Financial Group during the fourth quarter worth approximately $50,000. EntryPoint Capital LLC acquired a new stake in shares of CNO Financial Group during the first quarter worth approximately $52,000. Covestor Ltd boosted its holdings in shares of CNO Financial Group by 18.9% during the first quarter. Covestor Ltd now owns 3,598 shares of the financial services provider’s stock worth $99,000 after purchasing an additional 571 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of CNO Financial Group by 23.2% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,438 shares of the financial services provider’s stock worth $105,000 after purchasing an additional 835 shares during the period. Finally, Assetmark Inc. boosted its holdings in shares of CNO Financial Group by 33.4% during the fourth quarter. Assetmark Inc. now owns 5,557 shares of the financial services provider’s stock worth $155,000 after purchasing an additional 1,391 shares during the period. 95.43% of the stock is currently owned by institutional investors and hedge funds.

CNO Financial Group Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for CNO Financial Group (NYSE:CNO)

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