CNO Financial Group (NYSE:CNO) Coverage Initiated at BMO Capital Markets

Stock analysts at BMO Capital Markets assumed coverage on shares of CNO Financial Group (NYSE:CNO - Get Free Report) in a research report issued to clients and investors on Thursday, Marketbeat reports. The brokerage set a "market perform" rating and a $38.00 price target on the financial services provider's stock. BMO Capital Markets' price target would indicate a potential downside of 2.26% from the stock's previous close.

Several other equities analysts have also issued reports on the company. Jefferies Financial Group upped their target price on CNO Financial Group from $36.00 to $41.00 and gave the company a "hold" rating in a report on Tuesday, December 10th. Royal Bank of Canada lifted their price target on CNO Financial Group from $38.00 to $40.00 and gave the company an "outperform" rating in a research report on Monday, November 4th. Finally, Piper Sandler raised their price target on shares of CNO Financial Group from $42.00 to $44.00 and gave the company an "overweight" rating in a report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, CNO Financial Group presently has an average rating of "Hold" and an average target price of $37.17.

CNO Financial Group Trading Down 0.5 %

Shares of CNO stock traded down $0.19 during mid-day trading on Thursday, reaching $38.88. 193,121 shares of the stock traded hands, compared to its average volume of 440,655. CNO Financial Group has a 1-year low of $24.92 and a 1-year high of $40.91. 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 company has a market cap of $4.01 billion, a price-to-earnings ratio of 15.68 and a beta of 1.04. The stock's fifty day simple moving average is $38.20 and its two-hundred day simple moving average is $35.24.

CNO Financial Group (NYSE:CNO - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.82 by $0.29. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $945.44 million. CNO Financial Group had a return on equity of 17.53% and a net margin of 6.06%. The business's revenue was up 19.2% compared to the same quarter last year. During the same period last year, the business posted $0.88 EPS. On average, research analysts anticipate that CNO Financial Group will post 3.73 EPS for the current fiscal year.

Insider Activity

In related news, CMO Rocco F. Tarasi III sold 1,484 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $38.02, for a total transaction of $56,421.68. Following the completion of the sale, the chief marketing officer now directly owns 79,896 shares of the company's stock, valued at approximately $3,037,645.92. This trade represents a 1.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CIO Eric R. Johnson sold 3,978 shares of CNO Financial Group stock in a transaction on Monday, November 18th. The shares were sold at an average price of $39.09, for a total value of $155,500.02. Following the sale, the executive now directly owns 631,844 shares of the company's stock, valued at approximately $24,698,781.96. This trade represents a 0.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,745 shares of company stock valued at $572,467 in the last 90 days. 3.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. EMC Capital Management raised its holdings in shares of CNO Financial Group by 283.3% during the fourth quarter. EMC Capital Management now owns 29,605 shares of the financial services provider's stock valued at $1,102,000 after acquiring an additional 21,881 shares during the last quarter. Ibex Wealth Advisors acquired a new position in CNO Financial Group in the fourth quarter valued at approximately $738,000. Pacer Advisors Inc. grew its holdings in shares of CNO Financial Group by 58.7% during the 4th quarter. Pacer Advisors Inc. now owns 24,580 shares of the financial services provider's stock worth $915,000 after purchasing an additional 9,096 shares during the period. KBC Group NV increased its position in shares of CNO Financial Group by 49.0% during the fourth quarter. KBC Group NV now owns 4,990 shares of the financial services provider's stock valued at $186,000 after acquiring an additional 1,641 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in CNO Financial Group by 7.4% during the fourth quarter. Blue Trust Inc. now owns 6,737 shares of the financial services provider's stock worth $236,000 after purchasing an additional 464 shares in the last quarter. Institutional investors and hedge funds own 95.43% of the company's stock.

CNO Financial Group Company Profile

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.