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

CNO Financial Group, Inc. (NYSE:CNO) has been given a consensus rating of “Hold” by the five ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $27.50.

Several research firms recently commented on CNO. StockNews.com cut CNO Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, April 12th. Evercore ISI raised their target price on CNO Financial Group from $26.00 to $27.00 and gave the stock an “underperform” rating in a research note on Wednesday, February 28th. Piper Sandler raised CNO Financial Group from a “neutral” rating to an “overweight” rating and set a $29.00 price objective for the company in a research note on Tuesday, April 16th. Finally, Royal Bank of Canada raised their price objective on CNO Financial Group from $29.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th.

Insider Buying and Selling at CNO Financial Group

In other CNO Financial Group news, EVP Matthew J. Zimpfer sold 3,220 shares of the business’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 sale, the executive vice president now directly owns 278,997 shares in the company, valued at $7,465,959.72. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, EVP Matthew J. Zimpfer sold 3,220 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 278,997 shares in the company, valued at $7,465,959.72. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Gary C. Bhojwani sold 16,837 shares of CNO Financial Group stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $27.00, for a total value of $454,599.00. Following the sale, the chief executive officer now directly owns 406,808 shares of the company’s stock, valued at approximately $10,983,816. The disclosure for this sale can be found here. Insiders have sold a total of 152,590 shares of company stock worth $4,116,255 over the last ninety days. 3.21% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CNO Financial Group

Several hedge funds have recently added to or reduced their stakes in the company. Uncommon Cents Investing LLC lifted its stake in CNO Financial Group by 3.6% during the first quarter. Uncommon Cents Investing LLC now owns 17,505 shares of the financial services provider’s stock worth $481,000 after purchasing an additional 615 shares during the last quarter. Denali Advisors LLC lifted its stake in shares of CNO Financial Group by 87.9% in the 1st quarter. Denali Advisors LLC now owns 28,000 shares of the financial services provider’s stock valued at $769,000 after acquiring an additional 13,100 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of CNO Financial Group by 1,862.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 315,597 shares of the financial services provider’s stock valued at $8,673,000 after acquiring an additional 299,516 shares during the last quarter. AlphaMark Advisors LLC bought a new stake in shares of CNO Financial Group in the 1st quarter valued at about $300,000. Finally, Quadrature Capital Ltd bought a new stake in shares of CNO Financial Group in the 4th quarter valued at about $524,000. Institutional investors own 95.43% of the company’s stock.

CNO Financial Group Price Performance

Shares of CNO opened at $26.62 on Wednesday. CNO Financial Group has a 1 year low of $19.95 and a 1 year high of $28.39. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.19 and a quick ratio of 0.19. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 11.05 and a beta of 1.03. The business has a 50-day moving average of $26.64 and a 200-day moving average of $26.25.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings data on Tuesday, February 6th. The financial services provider reported $1.18 earnings per share (EPS) 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 company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $934.05 million. As a group, equities research analysts anticipate that CNO Financial Group will post 3.14 earnings per share for the current year.

CNO Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.60 dividend on an annualized basis and a yield of 2.25%. CNO Financial Group’s dividend payout ratio (DPR) is currently 24.90%.

About CNO Financial Group

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.