CNO Financial Group, Inc. (NYSE:CNO) Short Interest Update

CNO Financial Group, Inc. (NYSE:CNOGet Rating) was the recipient of a large decrease in short interest in April. As of April 15th, there was short interest totalling 3,340,000 shares, a decrease of 17.5% from the March 31st total of 4,050,000 shares. Currently, 2.9% of the shares of the company are short sold. Based on an average daily volume of 1,000,000 shares, the short-interest ratio is presently 3.3 days.

Several analysts recently issued reports on the stock. Jefferies Financial Group assumed coverage on shares of CNO Financial Group in a research report on Tuesday, January 25th. They set a “hold” rating and a $25.00 price target on the stock. StockNews.com assumed coverage on shares of CNO Financial Group in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Morgan Stanley reduced their price target on shares of CNO Financial Group from $29.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Friday, April 8th. Piper Sandler lowered shares of CNO Financial Group from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $29.00 to $27.00 in a research report on Wednesday, January 5th. Finally, B. Riley restated a “buy” rating on shares of CNO Financial Group in a research report on Friday, March 4th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $26.00.

CNO stock opened at $21.47 on Wednesday. The company has a fifty day moving average price of $24.50 and a 200-day moving average price of $24.64. The company has a market capitalization of $2.54 billion, a P/E ratio of 6.69 and a beta of 1.19. CNO Financial Group has a 52-week low of $21.24 and a 52-week high of $27.89. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.21 and a current ratio of 0.21.

CNO Financial Group (NYSE:CNOGet Rating) last released its quarterly earnings results on Monday, May 2nd. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.15). CNO Financial Group had a net margin of 10.70% and a return on equity of 7.07%. During the same quarter in the prior year, the company posted $0.55 EPS. As a group, sell-side analysts forecast that CNO Financial Group will post 2.37 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 24th. Stockholders of record on Thursday, March 10th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.42%. The ex-dividend date was Wednesday, March 9th. CNO Financial Group’s payout ratio is currently 16.20%.

Several hedge funds have recently added to or reduced their stakes in CNO. Strs Ohio raised its stake in CNO Financial Group by 83.3% during the fourth quarter. Strs Ohio now owns 1,100 shares of the financial services provider’s stock worth $26,000 after buying an additional 500 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new stake in CNO Financial Group in the fourth quarter valued at $39,000. Sageworth Trust Co of South Dakota bought a new stake in CNO Financial Group in the fourth quarter valued at $51,000. Meeder Asset Management Inc. increased its stake in CNO Financial Group by 295.2% in the third quarter. Meeder Asset Management Inc. now owns 2,660 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 1,987 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in CNO Financial Group in the third quarter valued at $71,000. 96.18% of the stock is owned by hedge funds and other institutional investors.

CNO Financial Group Company Profile (Get Rating)

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 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.

Read More

Receive News & Ratings for CNO Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNO Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.