CNO Financial Group (NYSE:CNO) Price Target Increased to $31.00 by Analysts at Keefe, Bruyette & Woods

CNO Financial Group (NYSE:CNO) had its price objective lifted by Keefe, Bruyette & Woods from $30.00 to $31.00 in a research report sent to investors on Monday morning, Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the financial services provider’s stock.

A number of other analysts have also recently commented on the company. Piper Sandler lifted their target price on CNO Financial Group from $29.00 to $31.00 and gave the stock an overweight rating in a research report on Friday, June 28th. StockNews.com downgraded CNO Financial Group from a buy rating to a hold rating in a research note on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of $28.60.

CNO Financial Group Stock Performance

Shares of CNO opened at $28.24 on Monday. The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of 8.23 and a beta of 1.04. CNO Financial Group has a 52-week low of $22.27 and a 52-week high of $29.09. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 1.41. The stock has a 50 day moving average price of $27.85 and a 200 day moving average price of $27.24.

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

CNO Financial Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Monday, June 10th were paid a dividend of $0.16 per share. This is an increase from CNO Financial Group’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Monday, June 10th. This represents a $0.64 annualized dividend and a dividend yield of 2.27%. CNO Financial Group’s dividend payout ratio is 18.66%.

Insider Buying and Selling at CNO Financial Group

In other CNO Financial Group news, insider Yvonne K. Franzese sold 15,021 shares of CNO Financial Group stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $28.25, for a total value of $424,343.25. Following the transaction, the insider now directly owns 31,611 shares in the company, valued at approximately $893,010.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other CNO Financial Group news, insider Yvonne K. Franzese sold 15,021 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $28.25, for a total transaction of $424,343.25. Following the completion of the transaction, the insider now owns 31,611 shares in the company, valued at approximately $893,010.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CMO Rocco F. Tarasi III sold 3,197 shares of CNO Financial Group stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $28.00, for a total transaction of $89,516.00. Following the completion of the sale, the chief marketing officer now directly owns 84,880 shares in the company, valued at approximately $2,376,640. The disclosure for this sale can be found here. Insiders sold a total of 34,421 shares of company stock valued at $975,861 in the last ninety days. Insiders own 3.21% of the company’s stock.

Hedge Funds Weigh In On CNO Financial Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Meritage Portfolio Management lifted its holdings in shares of CNO Financial Group by 2.1% in the 4th quarter. Meritage Portfolio Management now owns 17,920 shares of the financial services provider’s stock valued at $500,000 after buying an additional 377 shares during the period. Blair William & Co. IL raised its position in CNO Financial Group by 2.1% in the first quarter. Blair William & Co. IL now owns 19,189 shares of the financial services provider’s stock worth $527,000 after acquiring an additional 399 shares in the last quarter. CWM LLC lifted its holdings in CNO Financial Group by 64.1% in the second quarter. CWM LLC now owns 1,144 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 447 shares during the period. Covestor Ltd boosted its position in shares of CNO Financial Group by 18.9% during the 1st quarter. Covestor Ltd now owns 3,598 shares of the financial services provider’s stock worth $99,000 after purchasing an additional 571 shares in the last quarter. Finally, Uncommon Cents Investing LLC grew its stake in shares of CNO Financial Group by 3.6% during the 1st quarter. Uncommon Cents Investing LLC now owns 17,505 shares of the financial services provider’s stock worth $481,000 after purchasing an additional 615 shares during the period. Institutional investors and hedge funds own 95.43% of the company’s stock.

About CNO Financial Group

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.