CNO Financial Group, Inc. (NYSE:CNO) Receives Consensus Rating of “Hold” from Analysts

Shares of CNO Financial Group, Inc. (NYSE:CNOGet Free Report) have been assigned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $25.80.

A number of research firms have recently weighed in on CNO. StockNews.com cut shares of CNO Financial Group from a “buy” rating to a “hold” rating in a report on Tuesday. Evercore ISI raised their target price on shares of CNO Financial Group from $26.00 to $27.00 and gave the company an “underperform” rating in a research note on Wednesday, February 28th. Finally, Royal Bank of Canada upped their price target on CNO Financial Group from $29.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th.

Check Out Our Latest Research Report on CNO

Insider Buying and Selling at CNO Financial Group

In related news, EVP Matthew J. Zimpfer sold 3,220 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $26.76, for a total value of $86,167.20. Following the completion of the transaction, the executive vice president now owns 278,997 shares in the company, valued at approximately $7,465,959.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other CNO Financial Group news, insider Karen Detoro sold 1,307 shares of CNO Financial Group stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $26.94, for a total transaction of $35,210.58. Following the completion of the sale, the insider now directly owns 75,049 shares in the company, valued at approximately $2,021,820.06. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Matthew J. Zimpfer sold 3,220 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $26.76, for a total transaction of $86,167.20. Following the completion of the sale, the executive vice president now owns 278,997 shares in the company, valued at approximately $7,465,959.72. The disclosure for this sale can be found here. In the last quarter, insiders have sold 98,040 shares of company stock worth $2,622,223. 3.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quarry LP acquired a new position in CNO Financial Group in the first quarter valued at approximately $26,000. KBC Group NV acquired a new position in shares of CNO Financial Group in the 4th quarter valued at $40,000. Ronald Blue Trust Inc. lifted its stake in shares of CNO Financial Group by 95.8% in the 3rd quarter. Ronald Blue Trust Inc. now owns 1,915 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 937 shares during the period. West Tower Group LLC purchased a new stake in CNO Financial Group during the fourth quarter worth $45,000. Finally, Daiwa Securities Group Inc. acquired a new stake in CNO Financial Group during the fourth quarter valued at $50,000. 95.43% of the stock is currently owned by institutional investors and hedge funds.

CNO Financial Group Stock Up 0.3 %

CNO Financial Group stock opened at $27.48 on Friday. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 1.50. The firm has a market cap of $3.00 billion, a P/E ratio of 11.40 and a beta of 1.03. The business has a fifty day moving average of $26.99 and a two-hundred day moving average of $25.91. CNO Financial Group has a twelve month low of $19.95 and a twelve month high of $28.39.

CNO Financial Group (NYSE:CNOGet Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The financial services provider reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.33. CNO Financial Group had a return on equity of 17.51% and a net margin of 6.67%. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $934.05 million. On average, analysts forecast that CNO Financial Group will post 3.17 earnings per share for the current fiscal year.

CNO Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend was Thursday, March 7th. CNO Financial Group’s dividend payout ratio is presently 24.90%.

About CNO Financial Group

(Get Free Report

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.

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Analyst Recommendations for CNO Financial Group (NYSE:CNO)

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