CNO Financial Group, Inc. (NYSE:CNO) Receives $27.50 Average Target Price from Analysts

CNO Financial Group, Inc. (NYSE:CNO) has been given a consensus rating of “Hold” by the five analysts that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $27.50.

A number of equities research analysts recently issued reports on CNO shares. StockNews.com downgraded shares of CNO Financial Group from a “buy” rating to a “hold” rating in a report on Friday, April 12th. Piper Sandler upgraded shares of CNO Financial Group from a “neutral” rating to an “overweight” rating and set a $29.00 target price for the company in a report on Tuesday, April 16th. Evercore ISI boosted their target price on shares of CNO Financial Group from $26.00 to $27.00 and gave the company an “underperform” rating in a report on Wednesday, February 28th. Finally, Royal Bank of Canada boosted their price objective on shares of CNO Financial Group from $29.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th.

Insider Transactions at CNO Financial Group

In other news, CEO Gary C. Bhojwani sold 20,200 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $27.31, for a total value of $551,662.00. Following the completion of the sale, the chief executive officer now owns 293,802 shares of the company’s stock, valued at $8,023,732.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Gary C. Bhojwani sold 16,837 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $27.00, for a total transaction of $454,599.00. Following the completion of the sale, the chief executive officer now directly owns 406,808 shares of the company’s stock, valued at approximately $10,983,816. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Gary C. Bhojwani sold 20,200 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $27.31, for a total transaction of $551,662.00. Following the sale, the chief executive officer now directly owns 293,802 shares of the company’s stock, valued at $8,023,732.62. The disclosure for this sale can be found here. Insiders sold 152,590 shares of company stock valued at $4,116,255 over the last 90 days. Corporate insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On CNO Financial Group

Large investors have recently added to or reduced their stakes in the company. Ronald Blue Trust Inc. boosted its stake in CNO Financial Group by 95.8% during the 3rd quarter. Ronald Blue Trust Inc. now owns 1,915 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 937 shares during the last quarter. Daiwa Securities Group Inc. bought a new position in CNO Financial Group during the 4th quarter valued at $50,000. Assetmark Inc. boosted its stake in CNO Financial Group by 18.0% during the 3rd quarter. Assetmark Inc. now owns 4,166 shares of the financial services provider’s stock valued at $99,000 after acquiring an additional 634 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its stake in CNO Financial Group by 23.2% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,438 shares of the financial services provider’s stock valued at $105,000 after acquiring an additional 835 shares during the last quarter. Finally, Denali Advisors LLC boosted its stake in CNO Financial Group by 517.6% during the 3rd quarter. Denali Advisors LLC now owns 10,500 shares of the financial services provider’s stock valued at $249,000 after acquiring an additional 8,800 shares during the last quarter. 95.43% of the stock is owned by institutional investors and hedge funds.

CNO Financial Group Price Performance

CNO Financial Group stock opened at $26.40 on Wednesday. CNO Financial Group has a 1 year low of $19.95 and a 1 year high of $28.39. The firm has a 50 day moving average price of $26.63 and a 200 day moving average price of $26.26. The company has a market cap of $2.88 billion, a price-to-earnings ratio of 10.95 and a beta of 1.03. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.19 and a current ratio of 0.19.

CNO Financial Group (NYSE:CNO) last released its earnings results on Tuesday, February 6th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.33. CNO Financial Group had a net margin of 6.67% and a return on equity of 17.51%. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $934.05 million. Sell-side analysts predict that CNO Financial Group will post 3.14 earnings per share for the current year.

CNO Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend was Thursday, March 7th. CNO Financial Group’s payout ratio is currently 24.90%.

CNO Financial Group Company Profile

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.