CNO Financial Group, Inc. (NYSE:CNO) Receives Average Recommendation of “Hold” from Analysts

by · The Markets Daily

CNO Financial Group, Inc. (NYSE:CNO – Get Free Report) has been assigned a consensus rating of “Hold” from the six analysts that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $41.00.

Separately, Piper Sandler raised their target price on CNO Financial Group from $46.00 to $49.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 2nd.

Get Our Latest Stock Report on CNO

CNO Financial Group Stock Performance

Shares of CNO Financial Group stock opened at $37.86 on Friday. The business has a 50-day moving average of $37.99 and a 200 day moving average of $38.77. CNO Financial Group has a 12 month low of $27.60 and a 12 month high of $43.20. The stock has a market capitalization of $3.75 billion, a price-to-earnings ratio of 13.24 and a beta of 0.87. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.18 and a quick ratio of 0.18.

CNO Financial Group (NYSE:CNO – Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.79. The business had revenue of $1 billion during the quarter, compared to analysts’ expectations of $975.80 million. CNO Financial Group had a return on equity of 17.86% and a net margin of 7.11%. The business’s quarterly revenue was down 13.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.52 EPS. As a group, sell-side analysts forecast that CNO Financial Group will post 3.83 earnings per share for the current year.

CNO Financial Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th were issued a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.80%. This is a positive change from CNO Financial Group’s previous quarterly dividend of $0.16. CNO Financial Group’s payout ratio is presently 23.78%.

Institutional Trading of CNO Financial Group

A number of institutional investors have recently modified their holdings of CNO. Principal Securities Inc. boosted its position in CNO Financial Group by 51.6% during the fourth quarter. Principal Securities Inc. now owns 955 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 325 shares in the last quarter. SG Americas Securities LLC acquired a new position in CNO Financial Group in the first quarter valued at $806,000. Proficio Capital Partners LLC acquired a new position in CNO Financial Group in the fourth quarter valued at $903,000. Harbor Capital Advisors Inc. increased its stake in CNO Financial Group by 26.2% in the first quarter. Harbor Capital Advisors Inc. now owns 40,824 shares of the financial services provider’s stock valued at $1,700,000 after purchasing an additional 8,465 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in CNO Financial Group by 41.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,274,370 shares of the financial services provider’s stock worth $47,419,000 after acquiring an additional 372,701 shares during the last quarter. 95.43% of the stock is currently owned by hedge funds and other institutional investors.

CNO Financial Group Company Profile

(Get Free Report

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.

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