CNO Financial Group, Inc. (NYSE:CNO) Receives $41.00 Average Target Price from Analysts

Shares of CNO Financial Group, Inc. (NYSE:CNO) have been given a consensus recommendation of “Hold” by the six analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $41.00.

A number of research firms have recently weighed in on CNO. BMO Capital Markets initiated coverage on CNO Financial Group in a research note on Thursday, January 23rd. They set a “market perform” rating and a $38.00 price target for the company. Royal Bank of Canada increased their price objective on CNO Financial Group from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Keefe, Bruyette & Woods lifted their target price on shares of CNO Financial Group from $42.00 to $44.00 and gave the company a “market perform” rating in a research note on Wednesday, February 12th. Finally, Piper Sandler boosted their target price on shares of CNO Financial Group from $46.00 to $49.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 2nd.

Insider Buying and Selling at CNO Financial Group

In related news, General Counsel Matthew J. Zimpfer sold 40,800 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $41.49, for a total transaction of $1,692,792.00. Following the completion of the sale, the general counsel now directly owns 244,943 shares of the company’s stock, valued at approximately $10,162,685.07. This represents a 14.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Scott L. Goldberg sold 25,500 shares of CNO Financial Group stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $40.02, for a total transaction of $1,020,510.00. Following the completion of the transaction, the insider now owns 169,342 shares in the company, valued at $6,777,066.84. This trade represents a 13.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 159,512 shares of company stock worth $6,497,710 over the last 90 days. Insiders own 3.00% of the company’s stock.

Institutional Trading of CNO Financial Group

Hedge funds have recently added to or reduced their stakes in the business. Barclays PLC lifted its holdings in shares of CNO Financial Group by 113.7% during the third quarter. Barclays PLC now owns 219,141 shares of the financial services provider’s stock worth $7,691,000 after buying an additional 116,617 shares during the last quarter. Tidal Investments LLC raised its stake in CNO Financial Group by 11.3% during the 3rd quarter. Tidal Investments LLC now owns 11,246 shares of the financial services provider’s stock valued at $395,000 after purchasing an additional 1,145 shares during the last quarter. DGS Capital Management LLC bought a new stake in CNO Financial Group in the 3rd quarter valued at $256,000. Principal Financial Group Inc. grew its position in CNO Financial Group by 6.0% in the 3rd quarter. Principal Financial Group Inc. now owns 1,899,599 shares of the financial services provider’s stock worth $66,676,000 after purchasing an additional 107,589 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in CNO Financial Group by 15.3% in the 4th quarter. GAMMA Investing LLC now owns 2,289 shares of the financial services provider’s stock worth $85,000 after purchasing an additional 304 shares during the last quarter. Institutional investors own 95.43% of the company’s stock.

CNO Financial Group Stock Down 0.1 %

CNO Financial Group stock opened at $38.14 on Monday. CNO Financial Group has a twelve month low of $25.08 and a twelve month high of $43.20. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.19 and a current ratio of 0.22. The firm has a market cap of $3.82 billion, a PE ratio of 10.20 and a beta of 0.90. The firm’s 50 day moving average price is $40.12 and its two-hundred day moving average price is $38.45.

CNO Financial Group (NYSE:CNO) last posted its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.25. CNO Financial Group had a net margin of 9.08% and a return on equity of 17.20%. On average, research analysts predict that CNO Financial Group will post 3.83 EPS for the current fiscal year.

CNO Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.64 dividend on an annualized basis and a yield of 1.68%. CNO Financial Group’s payout ratio is currently 17.11%.

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.