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

CNO Financial Group, Inc. (NYSE:CNO) has been assigned an average rating of “Hold” from the five brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $37.00.

Several research analysts recently weighed in on CNO shares. Piper Sandler upped their price target on CNO Financial Group from $42.00 to $44.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Royal Bank of Canada increased their price target on shares of CNO Financial Group from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Finally, Jefferies Financial Group boosted their price objective on shares of CNO Financial Group from $36.00 to $41.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th.

Insider Buying and Selling at CNO Financial Group

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC grew its position in shares of CNO Financial Group by 6,446.1% in the second quarter. Farther Finance Advisors LLC now owns 9,230 shares of the financial services provider’s stock valued at $256,000 after purchasing an additional 9,089 shares during the last quarter. Victory Capital Management Inc. increased its position in CNO Financial Group by 455.1% in the 2nd quarter. Victory Capital Management Inc. now owns 777,271 shares of the financial services provider’s stock worth $21,546,000 after buying an additional 637,254 shares during the period. Acadian Asset Management LLC acquired a new position in shares of CNO Financial Group during the second quarter worth approximately $151,000. Choreo LLC bought a new stake in shares of CNO Financial Group in the second quarter valued at approximately $379,000. Finally, Texas Permanent School Fund Corp grew its stake in shares of CNO Financial Group by 3.1% in the second quarter. Texas Permanent School Fund Corp now owns 98,689 shares of the financial services provider’s stock worth $2,736,000 after acquiring an additional 2,943 shares during the last quarter. Institutional investors own 95.43% of the company’s stock.

CNO Financial Group Price Performance

CNO stock opened at $37.55 on Friday. The firm has a 50-day moving average of $38.02 and a two-hundred day moving average of $34.27. The firm has a market capitalization of $3.88 billion, a PE ratio of 15.14 and a beta of 1.02. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 1.50. CNO Financial Group has a one year low of $24.92 and a one year high of $40.91.

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

CNO Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th were issued a $0.16 dividend. The ex-dividend date was Tuesday, December 10th. This represents a $0.64 dividend on an annualized basis and a yield of 1.70%. CNO Financial Group’s dividend payout ratio is currently 25.81%.

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.