CNO Financial Group Inc (NYSE:CNO) received a $22.00 target price from stock analysts at Keefe, Bruyette & Woods in a report issued on Friday. The firm currently has a “hold” rating on the stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 5.97% from the stock’s previous close.
Several other research firms have also commented on CNO. Zacks Investment Research lowered CNO Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 3rd. Deutsche Bank AG lifted their price target on CNO Financial Group from $18.00 to $19.00 and gave the stock a “hold” rating in a report on Monday, January 23rd. BTIG Research reiterated a “hold” rating on shares of CNO Financial Group in a report on Thursday, February 9th. Wells Fargo & Co lowered CNO Financial Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 11th. Finally, Citigroup Inc started coverage on CNO Financial Group in a report on Thursday, January 26th. They set a “neutral” rating and a $21.00 price target on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. CNO Financial Group presently has an average rating of “Hold” and an average price target of $19.63.
CNO Financial Group (NYSE:CNO) opened at 20.76 on Friday. The company has a 50-day moving average of $20.36 and a 200 day moving average of $17.99. CNO Financial Group has a 12-month low of $14.30 and a 12-month high of $21.70. The firm has a market cap of $3.61 billion, a price-to-earnings ratio of 10.33 and a beta of 1.26.
CNO Financial Group (NYSE:CNO) last posted its quarterly earnings results on Tuesday, February 7th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.39 by $0.04. CNO Financial Group had a return on equity of 5.40% and a net margin of 8.99%. The company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $972.88 million. During the same quarter in the prior year, the firm earned $0.52 EPS. The firm’s revenue was up 3.6% on a year-over-year basis. Equities analysts expect that CNO Financial Group will post $1.48 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 24th. Investors of record on Friday, March 10th will be issued a $0.08 dividend. The ex-dividend date is Wednesday, March 8th. This represents a $0.32 annualized dividend and a yield of 1.54%. CNO Financial Group’s dividend payout ratio (DPR) is currently 15.76%.
In related news, SVP John R. Kline sold 13,500 shares of the business’s stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $20.84, for a total value of $281,340.00. Following the sale, the senior vice president now directly owns 54,796 shares in the company, valued at approximately $1,141,948.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Neal C. Schneider sold 29,382 shares of the business’s stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $21.07, for a total transaction of $619,078.74. Following the completion of the sale, the director now owns 90,273 shares in the company, valued at $1,902,052.11. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 101,065 shares of company stock worth $2,115,404. 2.20% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the stock. Royal Bank of Canada raised its stake in shares of CNO Financial Group by 12.5% in the second quarter. Royal Bank of Canada now owns 68,799 shares of the company’s stock valued at $1,201,000 after buying an additional 7,663 shares during the period. Eagle Asset Management Inc. raised its stake in shares of CNO Financial Group by 11.2% in the third quarter. Eagle Asset Management Inc. now owns 934,654 shares of the company’s stock valued at $14,272,000 after buying an additional 93,955 shares during the period. MSI Financial Services Inc raised its stake in shares of CNO Financial Group by 5,027.3% in the third quarter. MSI Financial Services Inc now owns 15,792 shares of the company’s stock valued at $241,000 after buying an additional 15,484 shares during the period. Bank of Montreal Can raised its stake in shares of CNO Financial Group by 1.7% in the third quarter. Bank of Montreal Can now owns 24,444 shares of the company’s stock valued at $373,000 after buying an additional 410 shares during the period. Finally, Breton Hill Capital Ltd. bought a new stake in shares of CNO Financial Group during the third quarter valued at about $195,000. Hedge funds and other institutional investors own 97.17% of the company’s stock.
About CNO Financial Group
CNO Financial Group, Inc is a holding company for a group of insurance companies operating throughout the United States that develops, markets and administers health insurance, annuity, individual life insurance and other insurance products. The Company’s segments include Bankers Life, Washington National and Colonial Penn.