Brokerages Set CNO Financial Group, Inc. (NYSE:CNO) Target Price at $40.50

CNO Financial Group, Inc. (NYSE:CNO - Get Free Report) has been assigned a consensus rating of "Hold" from the six brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $40.50.

Several research analysts have recently commented on CNO shares. Jefferies Financial Group boosted their price target on CNO Financial Group from $36.00 to $41.00 and gave the stock a "hold" rating in a research report on Tuesday, December 10th. BMO Capital Markets assumed coverage on shares of CNO Financial Group in a report on Thursday, January 23rd. They issued a "market perform" rating and a $38.00 target price for the company. Royal Bank of Canada lifted their price objective on shares of CNO Financial Group from $40.00 to $45.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. Keefe, Bruyette & Woods boosted their price objective on shares of CNO Financial Group from $42.00 to $44.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 12th. Finally, Piper Sandler reissued an "overweight" rating and set a $46.00 target price (up previously from $44.00) on shares of CNO Financial Group in a research report on Monday, February 10th.

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CNO Financial Group Stock Down 0.4 %

Shares of CNO stock traded down $0.16 on Thursday, hitting $41.07. The stock had a trading volume of 3,744,332 shares, compared to its average volume of 655,424. CNO Financial Group has a one year low of $24.92 and a one year high of $42.41. The business has a 50 day moving average price of $40.04 and a 200 day moving average price of $37.75. The company has a market cap of $4.12 billion, a PE ratio of 10.98 and a beta of 1.02. 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 (NYSE:CNO - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, beating 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%. Research analysts anticipate that CNO Financial Group will post 3.83 earnings per share for the current fiscal year.

CNO Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.64 annualized dividend and a dividend yield of 1.56%. CNO Financial Group's dividend payout ratio (DPR) is currently 17.11%.

Insider Activity at CNO Financial Group

In other news, insider Scott L. Goldberg sold 25,500 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $40.11, for a total value of $1,022,805.00. Following the transaction, the insider now directly owns 169,342 shares of the company's stock, valued at approximately $6,792,307.62. This represents a 13.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Matthew J. Zimpfer sold 40,800 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $40.10, for a total value of $1,636,080.00. Following the completion of the transaction, the general counsel now owns 204,143 shares of the company's stock, valued at approximately $8,186,134.30. The trade was a 16.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 132,600 shares of company stock valued at $5,372,187 in the last three months. 3.00% of the stock is owned by insiders.

Hedge Funds Weigh In On CNO Financial Group

Several hedge funds and other institutional investors have recently bought and sold shares of CNO. GSA Capital Partners LLP purchased a new stake in shares of CNO Financial Group in the 3rd quarter valued at $438,000. KBC Group NV lifted its position in CNO Financial Group by 26.7% during the third quarter. KBC Group NV now owns 3,349 shares of the financial services provider's stock valued at $118,000 after purchasing an additional 706 shares during the period. Quest Partners LLC boosted its holdings in CNO Financial Group by 6.9% in the third quarter. Quest Partners LLC now owns 33,325 shares of the financial services provider's stock valued at $1,170,000 after purchasing an additional 2,158 shares during the last quarter. Ontario Teachers Pension Plan Board acquired a new stake in CNO Financial Group during the 3rd quarter worth about $227,000. Finally, Intech Investment Management LLC raised its stake in shares of CNO Financial Group by 52.5% during the 3rd quarter. Intech Investment Management LLC now owns 25,621 shares of the financial services provider's stock valued at $899,000 after buying an additional 8,815 shares during the last quarter. Institutional investors and hedge funds own 95.43% of the company's stock.

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.