CNO Financial Group (NYSE:CNO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of CNO Financial Group (NYSE:CNO) from a hold rating to a buy rating in a research note released on Saturday morning.

Several other equities research analysts also recently commented on CNO. Keefe, Bruyette & Woods lifted their target price on shares of CNO Financial Group from $44.00 to $45.00 and gave the stock a “market perform” rating in a research report on Thursday, October 9th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of CNO Financial Group in a research note on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $43.60.

CNO Financial Group Trading Down 0.8%

Shares of CNO stock opened at $40.91 on Friday. The firm has a market capitalization of $3.97 billion, a P/E ratio of 15.10 and a beta of 0.94. CNO Financial Group has a twelve month low of $34.63 and a twelve month high of $43.20. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 1.50. The stock’s fifty day simple moving average is $39.70 and its 200 day simple moving average is $38.46.

CNO Financial Group (NYSE:CNO) last posted its earnings results on Friday, May 19th. The financial services provider reported $0.84 EPS for the quarter. CNO Financial Group had a return on equity of 16.63% and a net margin of 6.41%.The firm had revenue of $968.30 million during the quarter. As a group, sell-side analysts predict that CNO Financial Group will post 3.83 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. American Century Companies Inc. boosted its stake in shares of CNO Financial Group by 6.2% in the 2nd quarter. American Century Companies Inc. now owns 3,121,527 shares of the financial services provider’s stock valued at $120,429,000 after purchasing an additional 183,493 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings in CNO Financial Group by 70.9% in the second quarter. Allianz Asset Management GmbH now owns 1,546,745 shares of the financial services provider’s stock valued at $59,673,000 after buying an additional 641,950 shares during the period. Allspring Global Investments Holdings LLC boosted its position in CNO Financial Group by 72.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,333,698 shares of the financial services provider’s stock valued at $51,641,000 after acquiring an additional 561,327 shares during the last quarter. Invesco Ltd. boosted its position in CNO Financial Group by 10.2% during the first quarter. Invesco Ltd. now owns 990,776 shares of the financial services provider’s stock valued at $41,266,000 after acquiring an additional 91,550 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in CNO Financial Group by 11.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 882,512 shares of the financial services provider’s stock worth $34,903,000 after acquiring an additional 91,417 shares during the period. Institutional investors and hedge funds 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.