CNO Financial Group Inc (NYSE:CNO) Receives Average Recommendation of “Hold” from Analysts

CNO Financial Group Inc (NYSE:CNO) has earned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $21.00.

Several research analysts recently issued reports on CNO shares. Guggenheim downgraded shares of CNO Financial Group to a “hold” rating and set a $29.00 price target on the stock. in a research report on Friday. ValuEngine downgraded shares of CNO Financial Group from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Citigroup cut their target price on shares of CNO Financial Group from $18.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, September 13th. Finally, Zacks Investment Research downgraded shares of CNO Financial Group from a “hold” rating to a “sell” rating and set a $17.00 target price on the stock. in a research report on Thursday, September 12th.

NYSE CNO traded up $0.75 on Friday, hitting $18.28. 1,899,467 shares of the company were exchanged, compared to its average volume of 1,063,627. The firm has a 50 day moving average of $15.86 and a two-hundred day moving average of $16.03. The company has a market cap of $2.67 billion, a P/E ratio of 9.99 and a beta of 1.22. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.58. CNO Financial Group has a 1-year low of $13.64 and a 1-year high of $18.79.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.02). The company had revenue of $944.00 million for the quarter, compared to analyst estimates of $953.60 million. CNO Financial Group had a return on equity of 6.77% and a net margin of 4.29%. The firm’s quarterly revenue was down 36.3% on a year-over-year basis. During the same quarter last year, the company earned $0.53 EPS. Research analysts anticipate that CNO Financial Group will post 1.84 EPS for the current fiscal year.

In other CNO Financial Group news, Director Frederick James Sievert sold 9,415 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $15.94, for a total transaction of $150,075.10. Following the transaction, the director now directly owns 65,555 shares in the company, valued at approximately $1,044,946.70. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.50% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Citadel Advisors LLC increased its stake in shares of CNO Financial Group by 106.9% in the 2nd quarter. Citadel Advisors LLC now owns 2,853,670 shares of the financial services provider’s stock valued at $47,599,000 after acquiring an additional 1,474,518 shares during the last quarter. Pzena Investment Management LLC increased its stake in shares of CNO Financial Group by 60.3% in the 2nd quarter. Pzena Investment Management LLC now owns 3,855,224 shares of the financial services provider’s stock valued at $64,305,000 after acquiring an additional 1,450,851 shares during the last quarter. Paradice Investment Management LLC increased its stake in shares of CNO Financial Group by 14.0% in the 2nd quarter. Paradice Investment Management LLC now owns 5,008,089 shares of the financial services provider’s stock valued at $83,535,000 after acquiring an additional 614,372 shares during the last quarter. Nuveen Asset Management LLC increased its stake in shares of CNO Financial Group by 24.0% in the 2nd quarter. Nuveen Asset Management LLC now owns 2,783,780 shares of the financial services provider’s stock valued at $46,433,000 after acquiring an additional 539,021 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of CNO Financial Group by 67.7% in the 2nd quarter. AQR Capital Management LLC now owns 1,200,757 shares of the financial services provider’s stock valued at $20,029,000 after acquiring an additional 484,673 shares during the last quarter. Institutional investors own 97.67% 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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