CNO Financial Group (NYSE:CNO) Price Target Raised to $45.00 at Royal Bank of Canada

CNO Financial Group (NYSE:CNO - Get Free Report) had its price target increased by equities researchers at Royal Bank of Canada from $40.00 to $45.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an "outperform" rating on the financial services provider's stock. Royal Bank of Canada's price target would indicate a potential upside of 8.48% from the company's current price.

Other research analysts have also recently issued research reports about the stock. Piper Sandler reissued an "overweight" rating and issued a $46.00 target price (up previously from $44.00) on shares of CNO Financial Group in a report on Monday. BMO Capital Markets started coverage on shares of CNO Financial Group in a research note on Thursday, January 23rd. They issued a "market perform" rating and a $38.00 price objective for the company. Finally, Jefferies Financial Group raised their target price on shares of CNO Financial Group from $36.00 to $41.00 and gave the company a "hold" rating in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, CNO Financial Group currently has a consensus rating of "Hold" and a consensus target price of $40.50.

CNO Financial Group Price Performance

Shares of NYSE CNO traded up $0.89 during trading hours on Monday, hitting $41.48. 356,168 shares of the stock were exchanged, compared to its average volume of 502,575. The company's fifty day simple moving average is $38.34 and its two-hundred day simple moving average is $36.32. The company has a market cap of $4.28 billion, a PE ratio of 11.10 and a beta of 1.04. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.19 and a current ratio of 0.19. CNO Financial Group has a 1-year low of $24.92 and a 1-year high of $41.54.

CNO Financial Group (NYSE:CNO - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.25. CNO Financial Group had a return on equity of 17.21% and a net margin of 9.08%. On average, sell-side analysts predict that CNO Financial Group will post 3.79 EPS for the current year.

Insiders Place Their Bets

In other news, CIO Eric R. Johnson sold 3,978 shares of the firm's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $39.09, for a total transaction of $155,500.02. Following the completion of the transaction, the executive now directly owns 631,844 shares in the company, valued at $24,698,781.96. This trade represents a 0.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Rocco F. Tarasi III sold 4,500 shares of the company's stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $37.51, for a total value of $168,795.00. Following the completion of the sale, the chief marketing officer now owns 72,896 shares in the company, valued at $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. Insiders have sold 9,962 shares of company stock valued at $380,717 in the last ninety days. 3.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CNO. Creative Planning increased its position in shares of CNO Financial Group by 7.2% during the second quarter. Creative Planning now owns 11,007 shares of the financial services provider's stock worth $305,000 after buying an additional 742 shares during the period. GAMMA Investing LLC boosted its position in CNO Financial Group by 141.8% during the third quarter. GAMMA Investing LLC now owns 1,985 shares of the financial services provider's stock valued at $70,000 after acquiring an additional 1,164 shares during the last quarter. CWM LLC grew its holdings in CNO Financial Group by 53.0% during the 3rd quarter. CWM LLC now owns 1,750 shares of the financial services provider's stock worth $61,000 after acquiring an additional 606 shares during the period. Trust Point Inc. bought a new position in shares of CNO Financial Group in the 3rd quarter worth about $217,000. Finally, Net Worth Advisory Group bought a new position in shares of CNO Financial Group in the 3rd quarter worth about $344,000. Institutional investors own 95.43% of the company's stock.

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.