Piper Sandler Forecasts Strong Price Appreciation for CNO Financial Group (NYSE:CNO) Stock

CNO Financial Group (NYSE:CNO - Get Free Report) had its price target increased by stock analysts at Piper Sandler from $46.00 to $49.00 in a report released on Wednesday,Benzinga reports. The firm currently has an "overweight" rating on the financial services provider's stock. Piper Sandler's price objective would suggest a potential upside of 37.16% from the company's current price.

Other equities analysts also recently issued reports about the stock. BMO Capital Markets initiated coverage on shares of CNO Financial Group in a report on Thursday, January 23rd. They set a "market perform" rating and a $38.00 price target for the company. Royal Bank of Canada boosted their target price on CNO Financial Group from $40.00 to $45.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. Jefferies Financial Group increased their price target 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, Keefe, Bruyette & Woods lifted their price objective on CNO Financial Group from $42.00 to $44.00 and gave the company a "market perform" rating in a research report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $41.00.

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CNO Financial Group Stock Performance

NYSE CNO traded down $1.07 during midday trading on Wednesday, hitting $35.73. The company had a trading volume of 391,293 shares, compared to its average volume of 709,338. CNO Financial Group has a fifty-two week low of $24.92 and a fifty-two week high of $43.20. The company has a quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 1.61. The stock has a market cap of $3.58 billion, a price-to-earnings ratio of 9.56 and a beta of 0.90. The firm has a fifty day simple moving average of $40.61 and a two-hundred day simple moving average of $38.34.

CNO Financial Group (NYSE:CNO - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 forecast that CNO Financial Group will post 3.83 earnings per share for the current fiscal year.

Insider Transactions at CNO Financial Group

In related news, insider Scott L. Goldberg sold 25,500 shares of CNO Financial Group stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $40.11, for a total transaction of $1,022,805.00. Following the completion of the sale, the insider now owns 169,342 shares of the company's stock, valued at approximately $6,792,307.62. The trade was a 13.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Yvonne K. Franzese sold 2,013 shares of the business's stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $42.18, for a total value of $84,908.34. Following the sale, the insider now owns 26,994 shares of the company's stock, valued at approximately $1,138,606.92. This represents a 6.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 159,512 shares of company stock worth $6,497,710 in the last 90 days. Corporate insiders own 3.00% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC boosted its position in shares of CNO Financial Group by 15.3% during the 4th quarter. GAMMA Investing LLC now owns 2,289 shares of the financial services provider's stock worth $85,000 after acquiring an additional 304 shares in the last quarter. Principal Securities Inc. boosted its holdings in shares of CNO Financial Group by 51.6% in the 4th quarter. Principal Securities Inc. now owns 955 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 325 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of CNO Financial Group by 1.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,647 shares of the financial services provider's stock valued at $795,000 after purchasing an additional 376 shares during the last quarter. Mariner LLC lifted its position in shares of CNO Financial Group by 6.7% during the 4th quarter. Mariner LLC now owns 6,116 shares of the financial services provider's stock worth $228,000 after buying an additional 385 shares during the last quarter. Finally, HighTower Advisors LLC boosted its stake in CNO Financial Group by 5.3% in the fourth quarter. HighTower Advisors LLC now owns 7,873 shares of the financial services provider's stock valued at $293,000 after buying an additional 394 shares in the last quarter. 95.43% of the stock is owned by institutional investors.

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.