Royal Bank of Canada Issues Positive Forecast for CNO Financial Group (NYSE:CNO) Stock Price

CNO Financial Group (NYSE:CNO) had its target price lifted by Royal Bank of Canada from $38.00 to $40.00 in a report released on Monday morning,Benzinga reports. Royal Bank of Canada currently has an outperform rating on the financial services provider’s stock.

Several other equities analysts also recently commented on the stock. Keefe, Bruyette & Woods boosted their target price on shares of CNO Financial Group from $30.00 to $31.00 and gave the stock a “market perform” rating in a report on Monday, July 8th. Evercore ISI boosted their price target on shares of CNO Financial Group from $27.00 to $29.00 and gave the stock an “underperform” rating in a research note on Wednesday, July 31st. Finally, Piper Sandler raised their price objective on CNO Financial Group from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $34.50.

CNO Financial Group Trading Down 3.0 %

Shares of CNO stock opened at $38.50 on Monday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.19 and a current ratio of 0.19. The stock has a fifty day simple moving average of $34.81 and a two-hundred day simple moving average of $31.20. The firm has a market capitalization of $4.07 billion, a PE ratio of 15.52 and a beta of 1.01. CNO Financial Group has a 52-week low of $24.14 and a 52-week high of $39.81.

CNO Financial Group (NYSE:CNO) last released its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.29. CNO Financial Group had a return on equity of 17.53% and a net margin of 6.06%. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $945.44 million. During the same quarter in the prior year, the company posted $0.88 earnings per share. The business’s quarterly revenue was up 19.2% compared to the same quarter last year. On average, analysts predict that CNO Financial Group will post 3.53 EPS for the current fiscal year.

Insider Buying and Selling at CNO Financial Group

In other news, insider Jeanne L. Linnenbringer sold 5,435 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $34.26, for a total value of $186,203.10. Following the sale, the insider now directly owns 37,663 shares in the company, valued at $1,290,334.38. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Jeanne L. Linnenbringer sold 5,364 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $34.88, for a total value of $187,096.32. Following the completion of the sale, the insider now directly owns 44,884 shares in the company, valued at $1,565,553.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeanne L. Linnenbringer sold 5,435 shares of CNO Financial Group stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $34.26, for a total transaction of $186,203.10. Following the transaction, the insider now directly owns 37,663 shares of the company’s stock, valued at $1,290,334.38. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.21% of the stock is owned by company insiders.

Institutional Investors Weigh In On CNO Financial Group

Several institutional investors have recently made changes to their positions in CNO. Assenagon Asset Management S.A. lifted its stake in shares of CNO Financial Group by 300.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,199,040 shares of the financial services provider’s stock worth $42,086,000 after acquiring an additional 899,990 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of CNO Financial Group by 455.1% in the 2nd quarter. Victory Capital Management Inc. now owns 777,271 shares of the financial services provider’s stock valued at $21,546,000 after purchasing an additional 637,254 shares in the last quarter. American Century Companies Inc. raised its stake in CNO Financial Group by 19.4% in the second quarter. American Century Companies Inc. now owns 2,117,416 shares of the financial services provider’s stock worth $58,695,000 after buying an additional 343,819 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of CNO Financial Group by 97.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 622,348 shares of the financial services provider’s stock worth $17,251,000 after acquiring an additional 306,751 shares in the last quarter. Finally, Denali Advisors LLC raised its holdings in CNO Financial Group by 725.0% in the second quarter. Denali Advisors LLC now owns 231,000 shares of the financial services provider’s stock worth $6,403,000 after purchasing an additional 203,000 shares in the last quarter. Institutional investors 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.