CNO Financial Group, Inc. (NYSE:CNO) Coverage Initiated at Goldman Sachs Group, Inc. (The)

Goldman Sachs Group, Inc. (The) initiated coverage on shares of CNO Financial Group, Inc. (NYSE:CNO) in a research report report published on Wednesday, October 18th. The brokerage issued a neutral rating and a $24.00 price target on the financial services provider’s stock.

CNO has been the topic of a number of other research reports. Morgan Stanley cut shares of CNO Financial Group from an equal weight rating to an underweight rating and set a $21.00 price objective on the stock. in a research report on Monday, August 14th. They noted that the move was a valuation call. ValuEngine raised shares of CNO Financial Group from a hold rating to a buy rating in a research note on Tuesday, June 27th. Zacks Investment Research downgraded shares of CNO Financial Group from a buy rating to a hold rating in a report on Monday, October 9th. BidaskClub upgraded shares of CNO Financial Group from a buy rating to a strong-buy rating in a report on Wednesday, August 2nd. Finally, Wells Fargo & Company restated a hold rating on shares of CNO Financial Group in a report on Tuesday, June 20th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Hold and an average price target of $22.25.

CNO Financial Group (CNO) traded up $0.08 during midday trading on Wednesday, hitting $23.98. 865,962 shares of the stock traded hands, compared to its average volume of 930,041. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $4,009.52, a price-to-earnings ratio of 15.03, a P/E/G ratio of 1.45 and a beta of 1.21. CNO Financial Group has a one year low of $15.74 and a one year high of $25.07.

CNO Financial Group (NYSE:CNO) last released its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.06. CNO Financial Group had a net margin of 11.41% and a return on equity of 5.88%. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same quarter last year, the business posted $0.37 earnings per share. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. equities research analysts expect that CNO Financial Group will post 1.65 earnings per share for the current fiscal year.

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Several institutional investors and hedge funds have recently modified their holdings of the business. Teacher Retirement System of Texas increased its stake in shares of CNO Financial Group by 1.0% in the 2nd quarter. Teacher Retirement System of Texas now owns 13,956 shares of the financial services provider’s stock worth $291,000 after acquiring an additional 135 shares during the last quarter. Oakbrook Investments LLC increased its stake in shares of CNO Financial Group by 1.6% in the 2nd quarter. Oakbrook Investments LLC now owns 12,700 shares of the financial services provider’s stock worth $265,000 after acquiring an additional 200 shares during the last quarter. M&T Bank Corp increased its stake in shares of CNO Financial Group by 2.4% in the 2nd quarter. M&T Bank Corp now owns 16,718 shares of the financial services provider’s stock worth $349,000 after acquiring an additional 389 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of CNO Financial Group by 9.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,976 shares of the financial services provider’s stock worth $146,000 after purchasing an additional 622 shares during the last quarter. Finally, Capstone Asset Management Co. increased its position in shares of CNO Financial Group by 2.6% during the 2nd quarter. Capstone Asset Management Co. now owns 25,198 shares of the financial services provider’s stock worth $526,000 after purchasing an additional 640 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

About CNO Financial Group

CNO Financial Group, Inc is a holding company for a group of insurance companies operating throughout the United States that develops, markets and administers health insurance, annuity, individual life insurance and other insurance products. The Company’s segments include Bankers Life, Washington National and Colonial Penn.

Analyst Recommendations for CNO Financial Group (NYSE:CNO)

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