CNO Financial Group (NYSE:CNO) Hits New 12-Month High - Time to Buy?

Shares of CNO Financial Group, Inc. (NYSE:CNO - Get Free Report) reached a new 52-week high on Monday . The stock traded as high as $40.16 and last traded at $40.08, with a volume of 39882 shares. The stock had previously closed at $38.82.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CNO shares. Royal Bank of Canada boosted their price target on CNO Financial Group from $38.00 to $40.00 and gave the company an "outperform" rating in a report on Monday, November 4th. Piper Sandler increased their price target on CNO Financial Group from $37.00 to $38.00 and gave the stock an "overweight" rating in a report on Wednesday, October 2nd. Finally, Evercore ISI increased their target price on CNO Financial Group from $27.00 to $29.00 and gave the company an "underperform" rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $34.50.

CNO Financial Group Trading Up 3.0 %

The company's 50 day simple moving average is $34.99 and its 200 day simple moving average is $31.44. The firm has a market cap of $4.23 billion, a price-to-earnings ratio of 16.13 and a beta of 1.01. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.19 and a quick ratio of 0.19.

CNO Financial Group (NYSE:CNO - Get Free Report) last announced its earnings results on Thursday, October 31st. The financial services provider reported $1.11 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.29. The business had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $945.44 million. CNO Financial Group had a net margin of 6.06% and a return on equity of 17.53%. The business's revenue was up 19.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.88 earnings per share. As a group, research analysts expect that CNO Financial Group, Inc. will post 3.63 earnings per share for the current fiscal year.

Insider Activity

In other CNO Financial Group news, insider Jeanne L. Linnenbringer sold 5,435 shares of CNO Financial Group stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $34.26, for a total value of $186,203.10. Following the completion of the sale, the insider now directly owns 37,663 shares of the company's stock, valued at approximately $1,290,334.38. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other CNO Financial Group news, insider Jeanne L. Linnenbringer sold 5,435 shares of the business's stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $34.26, for a total value of $186,203.10. Following the transaction, the insider now owns 37,663 shares in the company, valued at $1,290,334.38. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jeanne L. Linnenbringer sold 5,364 shares of the business's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $34.88, for a total transaction of $187,096.32. Following the completion of the transaction, the insider now owns 44,884 shares in the company, valued at $1,565,553.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.00% of the company's stock.

Institutional Investors Weigh In On CNO Financial Group

Institutional investors have recently modified their holdings of the business. CWM LLC lifted its stake in CNO Financial Group by 64.1% during the second quarter. CWM LLC now owns 1,144 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 447 shares during the last quarter. Quarry LP lifted its holdings in shares of CNO Financial Group by 123.2% during the 2nd quarter. Quarry LP now owns 1,694 shares of the financial services provider's stock worth $47,000 after acquiring an additional 935 shares during the period. EntryPoint Capital LLC acquired a new stake in shares of CNO Financial Group during the 1st quarter worth about $52,000. Blue Trust Inc. increased its position in shares of CNO Financial Group by 25.4% during the 2nd quarter. Blue Trust Inc. now owns 2,384 shares of the financial services provider's stock worth $66,000 after purchasing an additional 483 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of CNO Financial Group by 141.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,985 shares of the financial services provider's stock worth $70,000 after purchasing an additional 1,164 shares in the last quarter. 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.