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

Shares of CNO Financial Group, Inc. (NYSE:CNO - Get Free Report) have been assigned a consensus recommendation of "Hold" from the five brokerages that are currently covering the company, Marketbeat Ratings reports. One research 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 12-month price objective among brokers that have issued ratings on the stock in the last year is $37.00.

CNO has been the topic of a number of research reports. Jefferies Financial Group lifted their price objective on CNO Financial Group from $36.00 to $41.00 and gave the stock a "hold" rating in a research note on Tuesday, December 10th. Royal Bank of Canada upped their price target on shares of CNO Financial Group from $38.00 to $40.00 and gave the company an "outperform" rating in a research note on Monday, November 4th. Finally, Piper Sandler increased their price objective on shares of CNO Financial Group from $42.00 to $44.00 and gave the company an "overweight" rating in a research report on Wednesday, December 18th.

Insider Activity at CNO Financial Group

In other news, insider Jeremy David Williams sold 4,783 shares of the firm's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $40.09, for a total transaction of $191,750.47. Following the transaction, the insider now owns 62,121 shares in the company, valued at approximately $2,490,430.89. This trade represents a 7.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CMO Rocco F. Tarasi III sold 4,500 shares of the stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $37.51, for a total transaction of $168,795.00. Following the transaction, the chief marketing officer now owns 72,896 shares in the company, valued at approximately $2,734,328.96. The trade was a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,745 shares of company stock worth $572,467. Insiders own 3.00% of the company's stock.

Hedge Funds Weigh In On CNO Financial Group

A number of large investors have recently bought and sold shares of CNO. Assenagon Asset Management S.A. increased its holdings in shares of CNO Financial Group by 300.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,199,040 shares of the financial services provider's stock valued at $42,086,000 after acquiring an additional 899,990 shares during the period. Victory Capital Management Inc. grew its stake in CNO Financial Group by 455.1% in the second quarter. Victory Capital Management Inc. now owns 777,271 shares of the financial services provider's stock valued at $21,546,000 after purchasing an additional 637,254 shares during the last quarter. American Century Companies Inc. raised its holdings in CNO Financial Group by 19.4% in the second quarter. American Century Companies Inc. now owns 2,117,416 shares of the financial services provider's stock worth $58,695,000 after purchasing an additional 343,819 shares in the last quarter. FMR LLC lifted its position in shares of CNO Financial Group by 28.8% during the third quarter. FMR LLC now owns 1,040,619 shares of the financial services provider's stock valued at $36,526,000 after buying an additional 232,631 shares during the last quarter. Finally, Denali Advisors LLC boosted its holdings in shares of CNO Financial Group by 725.0% in the 2nd quarter. Denali Advisors LLC now owns 231,000 shares of the financial services provider's stock valued at $6,403,000 after buying an additional 203,000 shares in the last quarter. Institutional investors own 95.43% of the company's stock.

CNO Financial Group Price Performance

Shares of CNO stock traded up $0.41 during mid-day trading on Friday, hitting $37.55. The company had a trading volume of 431,904 shares, compared to its average volume of 434,202. 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 stock's 50 day moving average price is $38.02 and its 200-day moving average price is $34.32. CNO Financial Group has a 52-week low of $24.92 and a 52-week high of $40.91. The company has a market capitalization of $3.88 billion, a P/E ratio of 15.14 and a beta of 1.02.

CNO Financial Group (NYSE:CNO - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.82 by $0.29. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 19.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.88 earnings per share. Equities research analysts forecast that CNO Financial Group will post 3.73 earnings per share for the current year.

CNO Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date was Tuesday, December 10th. CNO Financial Group's dividend payout ratio (DPR) is 25.81%.

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.