CNO Financial Group, Inc. (NYSE:CNO) Receives $41.00 Average Price Target from Analysts

CNO Financial Group, Inc. (NYSE:CNO - Get Free Report) has earned an average rating of "Hold" from the six ratings firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $41.00.

CNO has been the topic of a number of analyst reports. Piper Sandler upped their target price on shares of CNO Financial Group from $46.00 to $49.00 and gave the company an "overweight" rating in a research note on Wednesday, April 2nd. BMO Capital Markets started coverage on CNO Financial Group in a report on Thursday, January 23rd. They set a "market perform" rating and a $38.00 price objective for the company. Royal Bank of Canada upped their target price on shares of CNO Financial Group from $40.00 to $45.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of CNO Financial Group from $42.00 to $44.00 and gave the company a "market perform" rating in a research report on Wednesday, February 12th.

Insider Buying and Selling

In related news, insider Yvonne K. Franzese sold 2,013 shares of the stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $42.18, for a total value of $84,908.34. Following the transaction, the insider now directly owns 26,994 shares in the company, valued at $1,138,606.92. This represents a 6.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jeremy David Williams sold 3,393 shares of the company's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $41.77, for a total transaction of $141,725.61. Following the sale, the insider now owns 56,599 shares of the company's stock, valued at $2,364,140.23. The trade was a 5.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 159,512 shares of company stock worth $6,497,710 over the last three months. 3.00% of the stock is currently owned by company insiders.

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Institutional Trading of CNO Financial Group

A number of institutional investors and hedge funds have recently modified their holdings of CNO. GAMMA Investing LLC raised its holdings in CNO Financial Group by 15.3% in the fourth quarter. GAMMA Investing LLC now owns 2,289 shares of the financial services provider's stock worth $85,000 after purchasing an additional 304 shares during the period. Principal Securities Inc. lifted its holdings in CNO Financial Group by 51.6% during 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. Mariner LLC grew its stake in CNO Financial Group by 6.7% in the fourth quarter. Mariner LLC now owns 6,116 shares of the financial services provider's stock valued at $228,000 after acquiring an additional 385 shares during the period. HighTower Advisors LLC increased its holdings in shares of CNO Financial Group by 5.3% in the fourth quarter. HighTower Advisors LLC now owns 7,873 shares of the financial services provider's stock worth $293,000 after acquiring an additional 394 shares in the last quarter. Finally, Corient Private Wealth LLC raised its position in shares of CNO Financial Group by 2.6% during the fourth quarter. Corient Private Wealth LLC now owns 15,634 shares of the financial services provider's stock worth $582,000 after purchasing an additional 400 shares during the period. 95.43% of the stock is owned by institutional investors.

CNO Financial Group Stock Performance

Shares of CNO stock traded up $0.30 during trading on Monday, reaching $38.15. The company had a trading volume of 521,915 shares, compared to its average volume of 715,863. CNO Financial Group has a one year low of $25.08 and a one year high of $43.20. The company has a market capitalization of $3.83 billion, a PE ratio of 10.20 and a beta of 0.90. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.22 and a quick ratio of 0.19. The firm's 50 day simple moving average is $40.18 and its two-hundred day simple moving average is $38.45.

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

CNO Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend was Monday, March 10th. CNO Financial Group's dividend payout ratio (DPR) is presently 17.11%.

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.