Brokerages Set CNO Financial Group, Inc. (NYSE:CNO) PT at $43.40

CNO Financial Group, Inc. (NYSE:CNO) has earned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $43.40.

Several research firms recently issued reports on CNO. Wall Street Zen raised shares of CNO Financial Group from a “hold” rating to a “buy” rating in a research report on Friday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of CNO Financial Group in a research note on Saturday, September 27th.

Institutional Investors Weigh In On CNO Financial Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its stake in shares of CNO Financial Group by 5.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,701 shares of the financial services provider’s stock valued at $571,000 after purchasing an additional 744 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in CNO Financial Group by 15.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 772,371 shares of the financial services provider’s stock valued at $32,424,000 after buying an additional 100,735 shares during the period. GAMMA Investing LLC lifted its position in CNO Financial Group by 25.0% during the first quarter. GAMMA Investing LLC now owns 2,861 shares of the financial services provider’s stock valued at $119,000 after buying an additional 572 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in CNO Financial Group by 42.0% during the first quarter. Robeco Institutional Asset Management B.V. now owns 8,471 shares of the financial services provider’s stock valued at $353,000 after buying an additional 2,507 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in CNO Financial Group during the first quarter worth approximately $806,000. 95.43% of the stock is currently owned by institutional investors and hedge funds.

CNO Financial Group Stock Performance

CNO Financial Group stock opened at $39.56 on Friday. The stock has a fifty day moving average price of $38.59 and a 200 day moving average price of $38.35. CNO Financial Group has a 52 week low of $33.85 and a 52 week high of $43.20. The firm has a market capitalization of $3.83 billion, a P/E ratio of 14.60 and a beta of 0.90. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 1.50.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings results on Monday, July 28th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $971.25 million. CNO Financial Group had a return on equity of 16.63% and a net margin of 6.41%.During the same period last year, the company earned $1.06 EPS. Equities research analysts anticipate that CNO Financial Group will post 3.83 earnings per share for the current year.

CNO Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th were issued a $0.17 dividend. The ex-dividend date was Wednesday, September 10th. This represents a $0.68 dividend on an annualized basis and a yield of 1.7%. CNO Financial Group’s dividend payout ratio (DPR) is presently 25.09%.

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.