CNO Financial Group (NYSE:CNO) Rating Increased to Hold at Evercore

CNO Financial Group (NYSE:CNO) was upgraded by investment analysts at Evercore from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other equities research analysts have also recently commented on CNO. Keefe, Bruyette & Woods lifted their target price on CNO Financial Group from $46.00 to $50.00 and gave the company a “market perform” rating in a research note on Tuesday, May 5th. Wall Street Zen lowered CNO Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of CNO Financial Group in a research report on Monday, April 20th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $48.75.

CNO Financial Group Stock Up 0.1%

NYSE CNO opened at $46.04 on Monday. The stock has a fifty day moving average of $43.99 and a 200-day moving average of $42.59. The stock has a market capitalization of $4.30 billion, a P/E ratio of 18.49 and a beta of 0.82. CNO Financial Group has a 52 week low of $35.24 and a 52 week high of $47.95. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.17 and a current ratio of 0.17.

Insiders Place Their Bets

In other CNO Financial Group news, insider Scott L. Goldberg sold 11,060 shares of CNO Financial Group stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $39.97, for a total transaction of $442,068.20. Following the transaction, the insider directly owned 214,524 shares in the company, valued at approximately $8,574,524.28. The trade was a 4.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 3.44% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CNO. Optiver Holding B.V. lifted its holdings in CNO Financial Group by 90.1% during the third quarter. Optiver Holding B.V. now owns 637 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 302 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in CNO Financial Group by 353.0% during the third quarter. Smartleaf Asset Management LLC now owns 743 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 579 shares in the last quarter. Richardson Financial Services Inc. bought a new position in CNO Financial Group during the fourth quarter worth about $37,000. EverSource Wealth Advisors LLC lifted its holdings in CNO Financial Group by 123.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,176 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 649 shares in the last quarter. Finally, Bessemer Group Inc. lifted its holdings in CNO Financial Group by 75.4% during the first quarter. Bessemer Group Inc. now owns 1,133 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 487 shares in the last quarter. 95.43% of the stock is currently owned by institutional investors.

CNO Financial Group Company Profile

CNO Financial Group is an Indiana‐based holding company that offers a range of insurance and retirement solutions through its operating subsidiaries. Its primary business activities include life insurance, annuities, and supplemental health insurance products designed to help individuals plan for retirement and manage health‐related expenses. The company serves middle‐income Americans, with particular emphasis on senior customers seeking guaranteed coverage and reliable income streams.

Originally founded as Conseco in 1979, the company underwent a financial restructuring and rebranded as CNO Financial Group in 2010.