Wall Street Zen Downgrades CNO Financial Group (NYSE:CNO) to Hold

CNO Financial Group (NYSE:CNO) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

CNO has been the topic of a number of other research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of CNO Financial Group in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods raised their target price on CNO Financial Group from $44.00 to $45.00 and gave the stock a “market perform” rating in a research report on Thursday. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, CNO Financial Group has an average rating of “Moderate Buy” and a consensus price target of $43.60.

CNO Financial Group Price Performance

CNO stock opened at $39.28 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.17 and a quick ratio of 0.17. The firm has a market capitalization of $3.81 billion, a P/E ratio of 14.49 and a beta of 0.90. The business’s 50-day moving average is $38.90 and its two-hundred day moving average is $38.27. CNO Financial Group has a 1 year low of $34.10 and a 1 year high of $43.20.

CNO Financial Group (NYSE:CNO) last posted its quarterly earnings results on Friday, May 19th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter. The company had revenue of $968.30 million for the quarter. CNO Financial Group had a return on equity of 16.63% and a net margin of 6.41%. Analysts anticipate that CNO Financial Group will post 3.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Neo Ivy Capital Management purchased a new position in CNO Financial Group during the 1st quarter worth approximately $28,000. Turning Point Benefit Group Inc. purchased a new position in CNO Financial Group during the 2nd quarter worth approximately $32,000. UMB Bank n.a. grew its stake in CNO Financial Group by 89.7% during the 1st quarter. UMB Bank n.a. now owns 1,009 shares of the financial services provider’s stock worth $42,000 after buying an additional 477 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in CNO Financial Group by 123.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,176 shares of the financial services provider’s stock worth $45,000 after buying an additional 649 shares during the last quarter. Finally, Osaic Holdings Inc. grew its stake in CNO Financial Group by 39.2% during the 2nd quarter. Osaic Holdings Inc. now owns 1,194 shares of the financial services provider’s stock worth $46,000 after buying an additional 336 shares during the last quarter. Hedge funds and other institutional investors own 95.43% of the company’s stock.

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.