CNO Financial Group's (CNO) Overweight Rating Reaffirmed at Piper Sandler

Piper Sandler reissued their overweight rating on shares of CNO Financial Group (NYSE:CNO - Free Report) in a research note released on Monday,Benzinga reports. The firm currently has a $46.00 price objective on the financial services provider's stock, up from their previous price objective of $44.00.

Several other analysts have also recently weighed in on CNO. Royal Bank of Canada lifted their price target on CNO Financial Group from $38.00 to $40.00 and gave the stock an "outperform" rating in a report on Monday, November 4th. Jefferies Financial Group increased their price objective 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. Finally, BMO Capital Markets began coverage on shares of CNO Financial Group in a research report on Thursday, January 23rd. They issued a "market perform" rating and a $38.00 target price for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $40.50.

CNO Financial Group Stock Performance

Shares of NYSE:CNO traded up $0.90 on Monday, hitting $41.49. The company had a trading volume of 356,168 shares, compared to its average volume of 502,575. The stock has a market cap of $4.28 billion, a price-to-earnings ratio of 11.10 and a beta of 1.04. The stock has a 50 day moving average price of $38.34 and a 200 day moving average price of $36.32. CNO Financial Group has a 1-year low of $24.92 and a 1-year high of $41.54. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 1.50.

CNO Financial Group (NYSE:CNO - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.31 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 17.21%. Analysts expect that CNO Financial Group will post 3.79 EPS for the current year.

CNO Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.54%. CNO Financial Group's dividend payout ratio is presently 17.11%.

Insider Transactions at CNO Financial Group

In related news, CMO Rocco F. Tarasi III sold 4,500 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $37.51, for a total transaction of $168,795.00. Following the sale, the chief marketing officer now owns 72,896 shares in the company, valued at approximately $2,734,328.96. This trade represents a 5.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CIO Eric R. Johnson sold 3,978 shares of the business's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $39.09, for a total transaction of $155,500.02. Following the transaction, the executive now owns 631,844 shares of the company's stock, valued at approximately $24,698,781.96. This represents a 0.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,962 shares of company stock valued at $380,717. 3.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Jones Financial Companies Lllp boosted its stake in shares of CNO Financial Group by 368.2% in the 4th quarter. Jones Financial Companies Lllp now owns 796 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 626 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of CNO Financial Group by 95.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 855 shares of the financial services provider's stock worth $32,000 after buying an additional 417 shares during the last quarter. Principal Securities Inc. increased its holdings in shares of 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 buying an additional 325 shares in the last quarter. Headlands Technologies LLC lifted its stake in shares of CNO Financial Group by 193.2% in the 4th quarter. Headlands Technologies LLC now owns 1,337 shares of the financial services provider's stock valued at $50,000 after acquiring an additional 881 shares during the last quarter. Finally, Sound Income Strategies LLC acquired a new stake in shares of CNO Financial Group during the 4th quarter valued at $54,000. Institutional investors 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.