CNO Financial Group, Inc. (NYSE:CNO) Receives Consensus Rating of “Hold” from Analysts

Shares of CNO Financial Group, Inc. (NYSE:CNO) have been given an average rating of “Hold” by the six brokerages that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $37.17.

CNO has been the subject of a number of research analyst reports. BMO Capital Markets assumed coverage on shares of CNO Financial Group in a research report on Thursday, January 23rd. They set a “market perform” rating and a $38.00 price objective for the company. Jefferies Financial Group lifted their target price on shares of CNO Financial Group from $36.00 to $41.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. Royal Bank of Canada increased their price target on shares of CNO Financial Group from $38.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Finally, Piper Sandler boosted their price objective on CNO Financial Group from $42.00 to $44.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th.

CNO Financial Group Stock Performance

Shares of CNO opened at $39.81 on Wednesday. CNO Financial Group has a one year low of $24.92 and a one year high of $40.91. The company has a market cap of $4.11 billion, a PE ratio of 16.05 and a beta of 1.04. The firm has a 50-day moving average of $38.22 and a 200-day moving average of $35.59. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.19 and a quick ratio of 0.19.

CNO Financial Group (NYSE:CNO) last released its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.29. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $945.44 million. CNO Financial Group had a return on equity of 17.53% and a net margin of 6.06%. The business’s revenue was up 19.2% on a year-over-year basis. During the same period last year, the firm posted $0.88 earnings per share. As a group, equities analysts forecast that CNO Financial Group will post 3.73 earnings per share for the current year.

CNO Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 10th were given a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.61%. CNO Financial Group’s payout ratio is 25.81%.

Insider Buying and Selling

In other news, CIO Eric R. Johnson sold 3,978 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $39.09, for a total transaction of $155,500.02. Following the completion of the sale, the executive now directly owns 631,844 shares in the company, valued at approximately $24,698,781.96. This represents a 0.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CMO Rocco F. Tarasi III sold 4,500 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $37.51, for a total value of $168,795.00. Following the completion of the transaction, the chief marketing officer now owns 72,896 shares in the company, valued at $2,734,328.96. The trade was a 5.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,745 shares of company stock valued at $572,467 over the last 90 days. 3.00% of the stock is owned by corporate insiders.

Institutional Trading of CNO Financial Group

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Quarry LP raised its position in CNO Financial Group by 123.2% during the second quarter. Quarry LP now owns 1,694 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 935 shares in the last quarter. Sound Income Strategies LLC acquired a new position in shares of CNO Financial Group during the 4th quarter worth $54,000. CWM LLC lifted its position in shares of CNO Financial Group by 53.0% during the 3rd quarter. CWM LLC now owns 1,750 shares of the financial services provider’s stock worth $61,000 after buying an additional 606 shares during the last quarter. GAMMA Investing LLC grew its position in CNO Financial Group by 141.8% in the third quarter. GAMMA Investing LLC now owns 1,985 shares of the financial services provider’s stock valued at $70,000 after acquiring an additional 1,164 shares during the last quarter. Finally, Point72 DIFC Ltd acquired a new position in CNO Financial Group during the second quarter worth about $89,000. Institutional investors own 95.43% of the company’s stock.

About CNO Financial Group

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.