CNO Financial Group (NYSE:CNO) Sets New 1-Year Low at $17.54

CNO Financial Group, Inc. (NYSE:CNO – Get Rating) hit a new 52-week low during trading on Thursday . The company traded as low as $17.54 and last traded at $17.58, with a volume of 11058 shares traded. The stock had previously closed at $18.26.

A number of analysts have recently commented on CNO shares. Piper Sandler cut their price objective on CNO Financial Group from $23.00 to $22.00 and set a “neutral” rating for the company in a research report on Friday, May 27th. StockNews.com assumed coverage on CNO Financial Group in a report on Thursday, March 31st. They set a “hold” rating for the company. B. Riley reaffirmed a “buy” rating on shares of CNO Financial Group in a research note on Friday, March 4th. Finally, Morgan Stanley dropped their price target on CNO Financial Group from $29.00 to $28.00 and set an “equal weight” rating for the company in a research report on Friday, April 8th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $25.00.

The firm has a market capitalization of $2.01 billion, a PE ratio of 5.69 and a beta of 1.20. The stock’s 50 day simple moving average is $21.88 and its two-hundred day simple moving average is $23.59. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.20 and a current ratio of 0.20.

CNO Financial Group (NYSE:CNO – Get Rating) last announced its quarterly earnings data on Monday, May 2nd. The financial services provider reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.15). The company had revenue of $842.90 million for the quarter, compared to analysts’ expectations of $915.85 million. CNO Financial Group had a return on equity of 7.00% and a net margin of 10.25%. During the same quarter in the previous year, the business posted $0.55 EPS. Equities research analysts expect that CNO Financial Group, Inc. will post 2 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 24th. Stockholders of record on Friday, June 10th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 3.23%. The ex-dividend date is Thursday, June 9th. This is a positive change from CNO Financial Group’s previous quarterly dividend of $0.13. CNO Financial Group’s payout ratio is currently 17.45%.

In other news, Director Frederick James Sievert sold 3,000 shares of CNO Financial Group stock in a transaction that occurred on Friday, May 6th. The shares were sold at an average price of $21.56, for a total transaction of $64,680.00. Following the sale, the director now owns 62,421 shares of the company’s stock, valued at approximately $1,345,796.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 2.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of CNO. Strs Ohio increased its position in shares of CNO Financial Group by 83.3% during the fourth quarter. Strs Ohio now owns 1,100 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 500 shares during the last quarter. MCF Advisors LLC acquired a new stake in CNO Financial Group in the 1st quarter valued at approximately $38,000. C M Bidwell & Associates Ltd. purchased a new stake in CNO Financial Group in the fourth quarter valued at approximately $39,000. Sageworth Trust Co of South Dakota acquired a new position in CNO Financial Group during the fourth quarter worth $51,000. Finally, Point72 Hong Kong Ltd purchased a new position in shares of CNO Financial Group during the third quarter worth $71,000. 96.18% of the stock is currently owned by institutional investors.

About CNO Financial Group (NYSE:CNO)

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.

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