CNO Financial Group, Inc. (NYSE:CNO) Receives $22.33 Average Price Target from Analysts

CNO Financial Group, Inc. (NYSE:CNOGet Rating) has been given a consensus rating of “Hold” by the six brokerages that are presently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $23.00.

A number of equities analysts have issued reports on the company. Royal Bank of Canada assumed coverage on CNO Financial Group in a research report on Tuesday. They set an “outperform” rating and a $25.00 price target on the stock. Morgan Stanley lowered their price target on CNO Financial Group from $27.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 6th. Finally, Piper Sandler lowered their price target on CNO Financial Group from $22.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday, July 8th.

CNO Financial Group Stock Up 0.4 %

Shares of CNO opened at $19.10 on Tuesday. CNO Financial Group has a 52 week low of $16.56 and a 52 week high of $26.74. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 5.04 and a beta of 1.15. The stock’s 50-day moving average price is $18.59 and its 200-day moving average price is $20.78.

CNO Financial Group (NYSE:CNOGet Rating) last issued its earnings results on Monday, August 1st. The financial services provider reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.37. CNO Financial Group had a return on equity of 8.60% and a net margin of 12.40%. During the same period in the prior year, the business earned $0.66 EPS. On average, sell-side analysts predict that CNO Financial Group will post 2.3 EPS for the current year.

CNO Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, September 9th will be given a $0.14 dividend. The ex-dividend date of this dividend is Thursday, September 8th. This represents a $0.56 annualized dividend and a dividend yield of 2.93%. CNO Financial Group’s dividend payout ratio (DPR) is presently 14.78%.

Insider Activity

In other news, Director Frederick James Sievert sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $20.00, for a total value of $120,000.00. Following the transaction, the director now owns 61,118 shares in the company, valued at $1,222,360. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On CNO Financial Group

Institutional investors have recently modified their holdings of the company. MCF Advisors LLC acquired a new stake in shares of CNO Financial Group in the first quarter valued at $38,000. C M Bidwell & Associates Ltd. purchased a new position in CNO Financial Group in the fourth quarter valued at $39,000. Ronald Blue Trust Inc. purchased a new position in CNO Financial Group in the second quarter valued at $46,000. Strs Ohio boosted its holdings in CNO Financial Group by 136.4% in the first quarter. Strs Ohio now owns 2,600 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 1,500 shares during the period. Finally, Meeder Asset Management Inc. boosted its holdings in CNO Financial Group by 295,300.0% in the first quarter. Meeder Asset Management Inc. now owns 2,954 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 2,953 shares during the period. 98.32% of the stock is owned by institutional investors and hedge funds.

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.

See Also

Analyst Recommendations for CNO Financial Group (NYSE:CNO)

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