Brokerages Set CNO Financial Group, Inc. (NYSE:CNO) Target Price at $41.00

Shares of CNO Financial Group, Inc. (NYSE:CNO) have been assigned an average recommendation of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $41.00.

A number of brokerages recently commented on CNO. Keefe, Bruyette & Woods lifted their price objective on CNO Financial Group from $42.00 to $44.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 12th. Piper Sandler lifted their price target on CNO Financial Group from $46.00 to $49.00 and gave the stock an “overweight” rating in a report on Wednesday, April 2nd. Royal Bank of Canada upped their price objective on shares of CNO Financial Group from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, February 10th. Finally, BMO Capital Markets started 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.

Insider Buying and Selling

In related news, insider Scott L. Goldberg sold 25,500 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $40.11, for a total value of $1,022,805.00. Following the sale, the insider now owns 169,342 shares in the company, valued at approximately $6,792,307.62. The trade was a 13.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Matthew J. Zimpfer sold 40,800 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $40.10, for a total value of $1,636,080.00. Following the transaction, the general counsel now owns 204,143 shares of the company’s stock, valued at $8,186,134.30. This trade represents a 16.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 159,512 shares of company stock valued at $6,497,710. Company insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CNO. QRG Capital Management Inc. boosted its position in CNO Financial Group by 1.6% in the 1st quarter. QRG Capital Management Inc. now owns 81,682 shares of the financial services provider’s stock valued at $3,402,000 after buying an additional 1,291 shares during the period. Trust Point Inc. raised its stake in shares of CNO Financial Group by 14.2% in the first quarter. Trust Point Inc. now owns 7,007 shares of the financial services provider’s stock valued at $292,000 after acquiring an additional 873 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in CNO Financial Group by 5.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,701 shares of the financial services provider’s stock valued at $571,000 after purchasing an additional 744 shares during the period. Everhart Financial Group Inc. boosted its holdings in CNO Financial Group by 7.5% in the first quarter. Everhart Financial Group Inc. now owns 19,208 shares of the financial services provider’s stock valued at $800,000 after purchasing an additional 1,340 shares during the period. Finally, Sapient Capital LLC acquired a new position in CNO Financial Group during the 1st quarter worth $416,000. Institutional investors and hedge funds own 95.43% of the company’s stock.

CNO Financial Group Price Performance

Shares of NYSE CNO opened at $38.29 on Monday. The firm has a 50-day simple moving average of $40.01 and a 200-day simple moving average of $38.50. 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 capitalization of $3.84 billion, a price-to-earnings ratio of 10.24 and a beta of 0.90. CNO Financial Group has a 52 week low of $25.73 and a 52 week high of $43.20.

CNO Financial Group (NYSE:CNO) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.25. CNO Financial Group had a net margin of 9.08% and a return on equity of 17.20%. On average, equities analysts predict that CNO Financial Group will post 3.83 earnings per share for the current fiscal year.

CNO Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date was Monday, March 10th. CNO Financial Group’s dividend payout ratio (DPR) is 17.11%.

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.