CNO Financial Group, Inc. (NYSE:CNO) Given Consensus Recommendation of "Hold" by Analysts

Shares of CNO Financial Group, Inc. (NYSE:CNO - Get Free Report) have been given an average recommendation of "Hold" by the six analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $40.50.

A number of analysts have commented on CNO shares. Jefferies Financial Group increased their price objective on shares of 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 increased their price objective on shares of CNO Financial Group from $40.00 to $45.00 and gave the company an "outperform" rating in a report on Monday, February 10th. Keefe, Bruyette & Woods raised their price target on shares of CNO Financial Group from $42.00 to $44.00 and gave the stock a "market perform" rating in a report on Wednesday, February 12th. BMO Capital Markets assumed coverage on shares of CNO Financial Group in a report on Thursday, January 23rd. They set a "market perform" rating and a $38.00 price target for the company. Finally, Piper Sandler restated an "overweight" rating and set a $46.00 price target (up previously from $44.00) on shares of CNO Financial Group in a report on Monday, February 10th.

Insider Activity

In related news, CMO Rocco F. Tarasi III sold 1,484 shares of the business's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $38.02, for a total transaction of $56,421.68. Following the sale, the chief marketing officer now owns 79,896 shares of the company's stock, valued at approximately $3,037,645.92. The trade was a 1.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Matthew J. Zimpfer sold 40,800 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $40.10, for a total transaction of $1,636,080.00. Following the completion of the sale, the general counsel now directly owns 204,143 shares in the company, valued at $8,186,134.30. This trade represents a 16.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 87,584 shares of company stock valued at $3,554,089 over the last quarter. Corporate insiders own 3.21% of the company's stock.

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Hedge Funds Weigh In On CNO Financial Group

A number of institutional investors have recently modified their holdings of CNO. Jones Financial Companies Lllp increased its position in shares of CNO Financial Group by 368.2% in the fourth quarter. Jones Financial Companies Lllp now owns 796 shares of the financial services provider's stock worth $30,000 after acquiring an additional 626 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of CNO Financial Group by 95.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 855 shares of the financial services provider's stock worth $32,000 after acquiring an additional 417 shares in the last quarter. Principal Securities Inc. increased its position in shares of CNO Financial Group by 51.6% in the fourth quarter. Principal Securities Inc. now owns 955 shares of the financial services provider's stock worth $36,000 after acquiring an additional 325 shares in the last quarter. Headlands Technologies LLC increased its position in shares of CNO Financial Group by 193.2% in the fourth quarter. Headlands Technologies LLC now owns 1,337 shares of the financial services provider's stock worth $50,000 after acquiring an additional 881 shares in the last quarter. Finally, Quarry LP increased its position in shares of CNO Financial Group by 137.8% in the fourth quarter. Quarry LP now owns 1,334 shares of the financial services provider's stock worth $50,000 after acquiring an additional 773 shares in the last quarter. Institutional investors and hedge funds own 95.43% of the company's stock.

CNO Financial Group Trading Up 1.6 %

CNO stock opened at $40.87 on Friday. The company's 50-day simple moving average is $38.91 and its 200-day simple moving average is $36.92. The company has a quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 1.61. CNO Financial Group has a 52-week low of $24.92 and a 52-week high of $42.02. The firm has a market cap of $4.22 billion, a P/E ratio of 10.93 and a beta of 1.04.

CNO Financial Group (NYSE:CNO - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.25. CNO Financial Group had a net margin of 9.08% and a return on equity of 17.20%. As a group, equities analysts forecast that CNO Financial Group will post 3.83 EPS for the current fiscal year.

CNO Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Monday, March 10th. CNO Financial Group's payout ratio is 17.11%.

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.