CNO Financial Group (NYSE:CNO) Price Target Increased to $25.00 by Analysts at Morgan Stanley

CNO Financial Group (NYSE:CNOGet Rating) had its price target upped by Morgan Stanley from $24.00 to $25.00 in a research note published on Tuesday, Benzinga reports. They currently have an equal weight rating on the financial services provider’s stock.

CNO has been the topic of several other reports. Piper Sandler boosted their price target on CNO Financial Group from $19.00 to $20.00 and gave the company a neutral rating in a research note on Friday, October 7th. StockNews.com started coverage on CNO Financial Group in a report on Wednesday, October 12th. They set a hold rating for the company. Finally, Royal Bank of Canada boosted their price objective on CNO Financial Group from $25.00 to $26.00 and gave the company an outperform rating in a report on Wednesday, November 2nd. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, CNO Financial Group currently has a consensus rating of Hold and an average price target of $24.00.

CNO Financial Group Price Performance

CNO Financial Group stock opened at $23.47 on Tuesday. The stock’s 50 day moving average is $22.60 and its 200 day moving average is $20.17. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.20 and a quick ratio of 0.20. The firm has a market cap of $2.69 billion, a P/E ratio of 5.97 and a beta of 1.13. CNO Financial Group has a one year low of $16.56 and a one year high of $26.74.

CNO Financial Group (NYSE:CNOGet Rating) last issued its quarterly earnings results on Monday, October 31st. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.01. CNO Financial Group had a return on equity of 10.16% and a net margin of 12.76%. The firm had revenue of $905.30 million for the quarter, compared to analyst estimates of $893.80 million. During the same period in the previous year, the firm earned $0.72 earnings per share. The company’s revenue was down 6.5% compared to the same quarter last year. As a group, research analysts expect that CNO Financial Group will post 2.32 EPS for the current year.

CNO Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 23rd. Stockholders of record on Friday, December 9th were issued a dividend of $0.14 per share. The ex-dividend date was Thursday, December 8th. This represents a $0.56 annualized dividend and a dividend yield of 2.39%. CNO Financial Group’s dividend payout ratio is 14.25%.

Institutional Investors Weigh In On CNO Financial Group

Institutional investors have recently bought and sold shares of the stock. AlphaCrest Capital Management LLC grew its holdings in CNO Financial Group by 4.4% during the second quarter. AlphaCrest Capital Management LLC now owns 96,468 shares of the financial services provider’s stock worth $1,745,000 after buying an additional 4,071 shares in the last quarter. Bailard Inc. bought a new stake in CNO Financial Group during the third quarter worth $329,000. Cubist Systematic Strategies LLC grew its holdings in CNO Financial Group by 288.3% during the second quarter. Cubist Systematic Strategies LLC now owns 444,511 shares of the financial services provider’s stock worth $8,041,000 after buying an additional 330,030 shares in the last quarter. Eagle Asset Management Inc. bought a new stake in CNO Financial Group during the second quarter worth $5,390,000. Finally, Financial Engines Advisors L.L.C. bought a new stake in CNO Financial Group during the second quarter worth $180,000. Institutional investors own 96.15% of the company’s stock.

About CNO Financial Group

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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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Analyst Recommendations for CNO Financial Group (NYSE:CNO)

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