CNO Financial Group (NYSE:CNO) Given New $44.00 Price Target at Keefe, Bruyette & Woods

CNO Financial Group (NYSE:CNO - Get Free Report) had its target price hoisted by investment analysts at Keefe, Bruyette & Woods from $42.00 to $44.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a "market perform" rating on the financial services provider's stock. Keefe, Bruyette & Woods' price target indicates a potential upside of 6.24% from the company's previous close.

Other equities analysts also recently issued research reports about the company. Royal Bank of Canada boosted their target price on CNO Financial Group from $40.00 to $45.00 and gave the company an "outperform" rating in a research report on Monday, February 10th. BMO Capital Markets began coverage on CNO Financial Group in a research report on Thursday, January 23rd. They set a "market perform" rating and a $38.00 target price on the stock. Jefferies Financial Group boosted their target price on CNO Financial Group from $36.00 to $41.00 and gave the company a "hold" rating in a research report on Tuesday, December 10th. 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. One 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. According to data from MarketBeat.com, CNO Financial Group has a consensus rating of "Hold" and a consensus price target of $40.50.

CNO Financial Group Price Performance

Shares of CNO traded down $0.08 during mid-day trading on Wednesday, hitting $41.42. 837,643 shares of the stock were exchanged, compared to its average volume of 447,921. The company has a market cap of $4.27 billion, a PE ratio of 11.07 and a beta of 1.04. CNO Financial Group has a 52-week low of $24.92 and a 52-week high of $42.02. The firm has a 50-day moving average of $38.43 and a two-hundred day moving average of $36.43. 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 (NYSE:CNO - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, topping 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, equities analysts predict that CNO Financial Group will post 3.79 earnings per share for the current year.

Insider Buying and Selling at CNO Financial Group

In other news, CIO Eric R. Johnson sold 3,978 shares of the stock in a transaction on Monday, November 18th. The stock was 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Rocco F. Tarasi III sold 4,500 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $37.51, for a total value of $168,795.00. Following the transaction, the chief marketing officer now directly owns 72,896 shares in the company, valued at $2,734,328.96. The trade was a 5.81 % decrease in their position. 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 quarter. 3.00% of the stock is owned by insiders.

Hedge Funds Weigh In On CNO Financial Group

A number of hedge funds and other institutional investors have recently made changes to their positions in CNO. Creative Planning grew its position in shares of CNO Financial Group by 7.2% during the 2nd quarter. Creative Planning now owns 11,007 shares of the financial services provider's stock worth $305,000 after buying an additional 742 shares in the last quarter. GAMMA Investing LLC grew 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 buying an additional 1,164 shares in the last quarter. CWM LLC lifted its stake in shares of 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 purchasing an additional 606 shares during the last quarter. Trust Point Inc. purchased a new stake in shares of CNO Financial Group during the 3rd quarter worth $217,000. Finally, Net Worth Advisory Group purchased a new stake in shares of CNO Financial Group during the 3rd quarter worth $344,000. 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.