CNO Financial Group (NYSE:CNO) Given New $45.00 Price Target at Royal Bank of Canada

CNO Financial Group (NYSE:CNO) had its price target upped by equities research analysts at Royal Bank of Canada from $40.00 to $45.00 in a report released on Monday,Benzinga reports. The firm currently has an “outperform” rating on the financial services provider’s stock. Royal Bank of Canada’s price target would suggest a potential upside of 9.72% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Jefferies Financial Group boosted their price target on shares of CNO Financial Group from $36.00 to $41.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. Piper Sandler restated an “overweight” rating and set a $46.00 target price (up from $44.00) on shares of CNO Financial Group in a report on Monday. Finally, BMO Capital Markets began coverage on CNO Financial Group in a report on Thursday, January 23rd. They issued a “market perform” rating and a $38.00 price target for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $38.33.

CNO Financial Group Stock Performance

NYSE CNO opened at $41.02 on Monday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.19 and a quick ratio of 0.19. The stock’s 50 day simple moving average is $38.31 and its 200-day simple moving average is $36.29. The company has a market cap of $4.23 billion, a PE ratio of 10.97 and a beta of 1.04. CNO Financial Group has a 1-year low of $24.92 and a 1-year high of $41.54.

CNO Financial Group (NYSE:CNO) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.25. CNO Financial Group had a return on equity of 17.21% and a net margin of 9.08%. As a group, equities research analysts anticipate that CNO Financial Group will post 3.79 EPS for the current fiscal year.

Insider Activity

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 completion of the transaction, the executive now directly owns 631,844 shares in the company, valued at approximately $24,698,781.96. This represents a 0.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CMO Rocco F. Tarasi III sold 1,484 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $38.02, for a total value of $56,421.68. Following the sale, the chief marketing officer now directly owns 79,896 shares of the company’s stock, valued at $3,037,645.92. The trade was a 1.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,962 shares of company stock valued at $380,717. 3.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CNO. Pacer Advisors Inc. lifted its holdings in shares of CNO Financial Group by 58.7% in the 4th quarter. Pacer Advisors Inc. now owns 24,580 shares of the financial services provider’s stock worth $915,000 after acquiring an additional 9,096 shares during the last quarter. Principal Financial Group Inc. raised its position in CNO Financial Group by 6.0% in the third quarter. Principal Financial Group Inc. now owns 1,899,599 shares of the financial services provider’s stock valued at $66,676,000 after purchasing an additional 107,589 shares during the period. BNP Paribas Financial Markets lifted its stake in CNO Financial Group by 69.8% during the third quarter. BNP Paribas Financial Markets now owns 39,946 shares of the financial services provider’s stock worth $1,402,000 after purchasing an additional 16,420 shares in the last quarter. Barclays PLC boosted its position in shares of CNO Financial Group by 113.7% during the third quarter. Barclays PLC now owns 219,141 shares of the financial services provider’s stock worth $7,691,000 after buying an additional 116,617 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of CNO Financial Group in the 3rd quarter valued at $227,000. Hedge funds and other 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.