CNO Financial Group (NYSE:CNO) Share Price Passes Above 200-Day Moving Average – Here’s What Happened

CNO Financial Group, Inc. (NYSE:CNO) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $39.29 and traded as high as $43.50. CNO Financial Group shares last traded at $42.8560, with a volume of 567,779 shares changing hands.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of CNO Financial Group in a research note on Wednesday, October 8th. Piper Sandler raised their price target on shares of CNO Financial Group from $46.00 to $50.00 and gave the stock an “overweight” rating in a report on Tuesday, December 23rd. Wall Street Zen raised shares of CNO Financial Group from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Jefferies Financial Group raised CNO Financial Group from a “hold” rating to a “buy” rating and upped their target price for the company from $42.00 to $47.00 in a research report on Monday, December 15th. Finally, Keefe, Bruyette & Woods lifted their price target on CNO Financial Group from $44.00 to $45.00 and gave the stock a “market perform” rating in a research report on Thursday, October 9th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $45.00.

CNO Financial Group Trading Down 1.0%

The stock has a market cap of $4.09 billion, a PE ratio of 14.98 and a beta of 0.86. The company’s fifty day moving average is $41.08 and its 200-day moving average is $39.29. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.18 and a quick ratio of 0.18.

CNO Financial Group (NYSE:CNO) last posted its earnings results on Friday, May 19th. The financial services provider reported $0.84 EPS for the quarter. CNO Financial Group had a return on equity of 15.81% and a net margin of 6.64%.The firm had revenue of $968.30 million for the quarter. On average, analysts predict that CNO Financial Group, Inc. will post 3.83 earnings per share for the current fiscal year.

CNO Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 10th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Wednesday, December 10th. CNO Financial Group’s dividend payout ratio (DPR) is 23.78%.

Insider Buying and Selling at CNO Financial Group

In other CNO Financial Group news, CIO Eric R. Johnson sold 48,665 shares of the business’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $41.24, for a total transaction of $2,006,944.60. Following the transaction, the executive owned 671,542 shares of the company’s stock, valued at approximately $27,694,392.08. The trade was a 6.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CMO Rocco F. Tarasi III sold 9,283 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $42.60, for a total transaction of $395,455.80. Following the completion of the sale, the chief marketing officer directly owned 73,932 shares of the company’s stock, valued at $3,149,503.20. This represents a 11.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 3.38% of the company’s stock.

Institutional Investors Weigh In On CNO Financial Group

A number of institutional investors have recently made changes to their positions in CNO. Franklin Resources Inc. grew its holdings in CNO Financial Group by 1.0% during the 3rd quarter. Franklin Resources Inc. now owns 4,302,316 shares of the financial services provider’s stock worth $170,157,000 after acquiring an additional 42,467 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of CNO Financial Group by 3.8% in the 3rd quarter. American Century Companies Inc. now owns 3,239,944 shares of the financial services provider’s stock valued at $128,140,000 after purchasing an additional 118,417 shares in the last quarter. Allianz Asset Management GmbH lifted its position in shares of CNO Financial Group by 70.9% during the 2nd quarter. Allianz Asset Management GmbH now owns 1,546,745 shares of the financial services provider’s stock worth $59,673,000 after purchasing an additional 641,950 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of CNO Financial Group by 72.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,333,698 shares of the financial services provider’s stock worth $51,641,000 after purchasing an additional 561,327 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of CNO Financial Group by 8.1% during the third quarter. AQR Capital Management LLC now owns 898,238 shares of the financial services provider’s stock worth $35,525,000 after purchasing an additional 66,937 shares in the last quarter. 95.43% of the stock is currently owned by institutional investors and hedge funds.

CNO Financial Group Company Profile

CNO Financial Group is an Indiana‐based holding company that offers a range of insurance and retirement solutions through its operating subsidiaries. Its primary business activities include life insurance, annuities, and supplemental health insurance products designed to help individuals plan for retirement and manage health‐related expenses. The company serves middle‐income Americans, with particular emphasis on senior customers seeking guaranteed coverage and reliable income streams.

Originally founded as Conseco in 1979, the company underwent a financial restructuring and rebranded as CNO Financial Group in 2010.