CNO Financial Group (NYSE:CNO) Hits New 12-Month High - What's Next?

CNO Financial Group, Inc. (NYSE:CNO - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $42.71 and last traded at $42.62, with a volume of 34706 shares trading hands. The stock had previously closed at $42.21.

Analysts Set New Price Targets

A number of analysts have recently commented on CNO shares. BMO Capital Markets began coverage on CNO Financial Group in a research note on Thursday, January 23rd. They set a "market perform" rating and a $38.00 price target on the stock. Piper Sandler reissued an "overweight" rating and set a $46.00 target price (up from $44.00) on shares of CNO Financial Group in a report on Monday, February 10th. Royal Bank of Canada raised their price target on shares of CNO Financial Group from $40.00 to $45.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. Jefferies Financial Group boosted their price objective on shares of CNO Financial Group from $36.00 to $41.00 and gave the stock a "hold" rating in a research note on Tuesday, December 10th. Finally, Keefe, Bruyette & Woods increased their price objective on CNO Financial Group from $42.00 to $44.00 and gave the company a "market perform" rating in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, CNO Financial Group has a consensus rating of "Hold" and a consensus price target of $40.50.

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CNO Financial Group Trading Down 1.9 %

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 has a market cap of $4.16 billion, a price-to-earnings ratio of 11.09 and a beta of 1.02. The firm's fifty day moving average is $40.45 and its 200-day moving average is $38.02.

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

CNO Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were paid a $0.16 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.64 annualized dividend and a dividend yield of 1.54%. CNO Financial Group's dividend payout ratio is currently 17.11%.

Insider Buying and Selling

In other news, General Counsel Matthew J. Zimpfer sold 40,800 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $41.49, for a total transaction of $1,692,792.00. Following the transaction, the general counsel now directly owns 244,943 shares of the company's stock, valued at $10,162,685.07. This represents a 14.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Scott L. Goldberg sold 25,500 shares of CNO Financial Group stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $40.02, for a total transaction of $1,020,510.00. Following the completion of the sale, the insider now directly owns 169,342 shares of the company's stock, valued at approximately $6,777,066.84. The trade was a 13.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 144,819 shares of company stock valued at $5,886,922 over the last ninety days. 3.21% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Fuller & Thaler Asset Management Inc. boosted its stake in CNO Financial Group by 3.1% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 4,285,783 shares of the financial services provider's stock valued at $159,474,000 after purchasing an additional 130,342 shares during the last quarter. American Century Companies Inc. boosted its position in shares of CNO Financial Group by 11.7% during the fourth quarter. American Century Companies Inc. now owns 2,687,861 shares of the financial services provider's stock valued at $100,015,000 after buying an additional 282,611 shares during the last quarter. Principal Financial Group Inc. grew its holdings in CNO Financial Group by 6.0% during the third quarter. Principal Financial Group Inc. now owns 1,899,599 shares of the financial services provider's stock worth $66,676,000 after buying an additional 107,589 shares in the last quarter. JPMorgan Chase & Co. raised its position in CNO Financial Group by 41.3% in the 4th quarter. JPMorgan Chase & Co. now owns 1,274,370 shares of the financial services provider's stock valued at $47,419,000 after buying an additional 372,701 shares during the last quarter. Finally, FMR LLC lifted its stake in CNO Financial Group by 28.8% during the 3rd quarter. FMR LLC now owns 1,040,619 shares of the financial services provider's stock valued at $36,526,000 after acquiring an additional 232,631 shares in the last quarter. 95.43% of the stock is currently owned by institutional investors and hedge funds.

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.