CNO Financial Group (NYSE:CNO) Price Target Cut to $17.00

CNO Financial Group (NYSE:CNO) had its target price dropped by stock analysts at Citigroup from $18.00 to $17.00 in a research note issued to investors on Friday, BenzingaRatingsTable reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. Citigroup‘s target price indicates a potential upside of 4.10% from the stock’s previous close.

Separately, Zacks Investment Research downgraded CNO Financial Group from a “hold” rating to a “sell” rating and set a $17.00 price target for the company. in a research note on Thursday. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $18.33.

Shares of CNO traded up $0.12 during trading hours on Friday, hitting $16.33. 4,391 shares of the company were exchanged, compared to its average volume of 851,027. The company has a market cap of $2.44 billion, a PE ratio of 8.88 and a beta of 1.23. The firm’s 50 day moving average is $15.27 and its 200-day moving average is $16.26. CNO Financial Group has a 52 week low of $13.64 and a 52 week high of $22.13. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.25 and a current ratio of 0.25.



CNO Financial Group (NYSE:CNO) last released its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.48. The company had revenue of $979.80 million during the quarter, compared to the consensus estimate of $956.66 million. CNO Financial Group had a positive return on equity of 7.71% and a negative net margin of 9.67%. The firm’s revenue was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.49 EPS. As a group, equities analysts forecast that CNO Financial Group will post 1.9 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. boosted its stake in CNO Financial Group by 206.0% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 1,888 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 1,271 shares during the period. Point72 Hong Kong Ltd boosted its stake in CNO Financial Group by 32.3% during the 2nd quarter. Point72 Hong Kong Ltd now owns 3,192 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 779 shares during the period. CWM Advisors LLC acquired a new position in CNO Financial Group in the 2nd quarter valued at approximately $176,000. Janney Montgomery Scott LLC acquired a new position in CNO Financial Group in the 1st quarter valued at approximately $180,000. Finally, GAM Holding AG acquired a new position in CNO Financial Group in the 1st quarter valued at approximately $185,000. Hedge funds and other institutional investors own 96.47% 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, and other insurance products for senior and middle-income markets in the United States. It operates through Bankers Life, Washington National, Colonial Penn, and Long-Term Care in Run Off segments.

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