B. Riley Reiterates “Buy” Rating for CNO Financial Group, Inc. (NYSE:CNO)

CNO Financial Group, Inc. (NYSE:CNO)‘s stock had its “buy” rating reaffirmed by equities research analysts at B. Riley in a research report issued to clients and investors on Monday, November 6th. B. Riley also issued estimates for CNO Financial Group’s FY2017 earnings at $1.65 EPS, FY2018 earnings at $1.65 EPS and FY2019 earnings at $1.80 EPS.

CNO has been the subject of several other reports. Goldman Sachs Group, Inc. (The) began coverage on CNO Financial Group in a research report on Wednesday, October 18th. They issued a “neutral” rating and a $24.00 price objective for the company. Zacks Investment Research upgraded CNO Financial Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. BidaskClub upgraded CNO Financial Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 2nd. Wells Fargo & Company set a $22.00 target price on CNO Financial Group and gave the company a “hold” rating in a research note on Wednesday, October 25th. Finally, Morgan Stanley cut CNO Financial Group from an “equal weight” rating to an “underweight” rating and set a $21.00 target price on the stock. in a research note on Monday, August 14th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $22.25.

CNO Financial Group (NYSE CNO) opened at $23.79 on Monday. The stock has a market capitalization of $3,991.06, a PE ratio of 14.96, a PEG ratio of 1.44 and a beta of 1.21. CNO Financial Group has a 12-month low of $17.47 and a 12-month high of $25.07. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.52.

CNO Financial Group (NYSE:CNO) last posted its earnings results on Wednesday, October 25th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.06. CNO Financial Group had a return on equity of 5.88% and a net margin of 11.41%. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1 billion. During the same period in the previous year, the company earned $0.37 EPS. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. equities research analysts predict that CNO Financial Group will post 1.65 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “B. Riley Reiterates “Buy” Rating for CNO Financial Group, Inc. (NYSE:CNO)” was first reported by BBNS and is owned by of BBNS. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of US & international copyright and trademark laws. The legal version of this piece of content can be viewed at https://baseballnewssource.com/markets/cno-financial-group-inc-cno-stock-rating-reaffirmed-by-b-riley/1761873.html.

Several hedge funds have recently bought and sold shares of the stock. California Public Employees Retirement System increased its holdings in shares of CNO Financial Group by 2.6% during the 3rd quarter. California Public Employees Retirement System now owns 610,212 shares of the financial services provider’s stock worth $14,242,000 after acquiring an additional 15,512 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of CNO Financial Group during the 3rd quarter worth approximately $292,000. Jane Street Group LLC acquired a new position in shares of CNO Financial Group during the 3rd quarter worth approximately $440,000. Vident Investment Advisory LLC increased its holdings in shares of CNO Financial Group by 8.3% during the 3rd quarter. Vident Investment Advisory LLC now owns 117,803 shares of the financial services provider’s stock worth $2,750,000 after acquiring an additional 9,051 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. acquired a new position in shares of CNO Financial Group during the 3rd quarter worth approximately $2,744,000. 94.22% of the stock is currently 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)

Receive News & Ratings for CNO Financial Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNO Financial Group Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
MLB Commissioner: New Rule for Pace-of-Play in 2018
MLB Commissioner: New Rule for Pace-of-Play in 2018
Alex Cobb Could Be Good Fit for Cubs
Alex Cobb Could Be Good Fit for Cubs
Joey Votto Is One of Baseball’s Best Hitters
Joey Votto Is One of Baseball’s Best Hitters
Hunter Pence May Become Part-Time Player
Hunter Pence May Become Part-Time Player
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts


Leave a Reply

 
© 2006-2017 BBNS.