CNO Financial Group, Inc. (NYSE:CNO) Given Average Rating of “Hold” by Brokerages

CNO Financial Group, Inc. (NYSE:CNO) has earned an average rating of “Hold” from the five brokerages that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $27.50.

A number of equities research analysts have recently issued reports on CNO shares. Royal Bank of Canada increased their price target on shares of CNO Financial Group from $29.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Piper Sandler upgraded shares of CNO Financial Group from a “neutral” rating to an “overweight” rating and set a $29.00 target price on the stock in a report on Tuesday, April 16th. StockNews.com cut shares of CNO Financial Group from a “buy” rating to a “hold” rating in a report on Friday, April 12th. Finally, Evercore ISI lifted their price target on shares of CNO Financial Group from $26.00 to $27.00 and gave the company an “underperform” rating in a report on Wednesday, February 28th.

Insider Buying and Selling

In other news, CEO Gary C. Bhojwani sold 16,837 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $27.00, for a total transaction of $454,599.00. Following the transaction, the chief executive officer now owns 406,808 shares in the company, valued at $10,983,816. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other CNO Financial Group news, CEO Gary C. Bhojwani sold 16,837 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $27.00, for a total value of $454,599.00. Following the completion of the sale, the chief executive officer now owns 406,808 shares of the company’s stock, valued at $10,983,816. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Karen Detoro sold 2,778 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $27.10, for a total value of $75,283.80. Following the completion of the sale, the insider now directly owns 69,605 shares of the company’s stock, valued at approximately $1,886,295.50. The disclosure for this sale can be found here. Insiders sold a total of 152,590 shares of company stock worth $4,116,255 over the last three months. 3.21% of the stock is owned by insiders.

Institutional Trading of CNO Financial Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Uncommon Cents Investing LLC boosted its stake in CNO Financial Group by 3.6% during the first quarter. Uncommon Cents Investing LLC now owns 17,505 shares of the financial services provider’s stock worth $481,000 after buying an additional 615 shares during the last quarter. Denali Advisors LLC increased its stake in CNO Financial Group by 87.9% during the 1st quarter. Denali Advisors LLC now owns 28,000 shares of the financial services provider’s stock worth $769,000 after buying an additional 13,100 shares during the period. Allspring Global Investments Holdings LLC increased its stake in CNO Financial Group by 1,862.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 315,597 shares of the financial services provider’s stock worth $8,673,000 after buying an additional 299,516 shares during the period. AlphaMark Advisors LLC purchased a new stake in CNO Financial Group during the 1st quarter worth approximately $300,000. Finally, Quadrature Capital Ltd purchased a new stake in CNO Financial Group during the 4th quarter worth approximately $524,000. 95.43% of the stock is currently owned by hedge funds and other institutional investors.

CNO Financial Group Price Performance

NYSE CNO opened at $26.62 on Wednesday. The company has a market cap of $2.90 billion, a PE ratio of 11.05 and a beta of 1.03. CNO Financial Group has a 52 week low of $19.95 and a 52 week high of $28.39. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 1.50. The firm’s 50-day simple moving average is $26.64 and its two-hundred day simple moving average is $26.25.

CNO Financial Group (NYSE:CNO) last released its quarterly earnings data on Tuesday, February 6th. The financial services provider reported $1.18 EPS for the quarter, beating the consensus estimate of $0.85 by $0.33. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $934.05 million. CNO Financial Group had a net margin of 6.67% and a return on equity of 17.51%. Research analysts predict that CNO Financial Group will post 3.14 earnings per share for the current year.

CNO Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were given a $0.15 dividend. The ex-dividend date was Thursday, March 7th. This represents a $0.60 dividend on an annualized basis and a yield of 2.25%. CNO Financial Group’s dividend payout ratio is presently 24.90%.

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.