CNO Financial Group (NYSE:CNO) had its price objective hoisted by Morgan Stanley from $16.00 to $17.00 in a report issued on Thursday morning, BenzingaRatingsTable reports. They currently have an equal weight rating on the financial services provider’s stock.
Other equities research analysts also recently issued reports about the stock. TheStreet upgraded shares of CNO Financial Group from a c+ rating to a b- rating in a research note on Tuesday. ValuEngine downgraded shares of CNO Financial Group from a sell rating to a strong sell rating in a research note on Friday, May 1st. Piper Sandler lifted their price objective on shares of CNO Financial Group from $14.00 to $15.00 and gave the stock a neutral rating in a research note on Thursday, July 2nd. Goldman Sachs Group upgraded shares of CNO Financial Group from a neutral rating to a buy rating and boosted their target price for the company from $17.00 to $19.00 in a research report on Thursday, June 18th. Finally, B. Riley upgraded shares of CNO Financial Group from a neutral rating to a buy rating and boosted their target price for the company from $15.00 to $20.00 in a research report on Friday, May 29th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $18.86.
Shares of NYSE:CNO traded down $0.04 on Thursday, hitting $15.89. 17,205 shares of the company were exchanged, compared to its average volume of 812,255. CNO Financial Group has a 1-year low of $8.79 and a 1-year high of $20.93. The stock’s 50 day moving average price is $15.56 and its 200 day moving average price is $14.81. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $2.32 billion, a P/E ratio of 6.30 and a beta of 1.29.
CNO Financial Group (NYSE:CNO) last posted its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.22. CNO Financial Group had a net margin of 10.17% and a return on equity of 6.45%. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $822.20 million. During the same period in the previous year, the firm posted $0.48 earnings per share. On average, equities analysts predict that CNO Financial Group will post 1.92 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $0.48 dividend on an annualized basis and a yield of 3.02%. CNO Financial Group’s payout ratio is 26.67%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Advisor Group Holdings Inc. purchased a new position in CNO Financial Group in the first quarter valued at $39,000. Meeder Asset Management Inc. increased its stake in shares of CNO Financial Group by 24,476.4% during the first quarter. Meeder Asset Management Inc. now owns 13,517 shares of the financial services provider’s stock worth $168,000 after purchasing an additional 13,462 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in CNO Financial Group during the 2nd quarter valued at about $168,000. Cim Investment Mangement Inc. purchased a new stake in CNO Financial Group during the 1st quarter valued at about $170,000. Finally, Balasa Dinverno & Foltz LLC purchased a new stake in CNO Financial Group during the 1st quarter valued at about $173,000. 99.54% 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, and other insurance products for senior and middle-income markets in the United States. It operates through Bankers Life, Washington National, Colonial Penn, and Long-Term Care in Run Off segments.
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