Shares of CNO Financial Group Inc (NYSE:CNO) gapped up before the market opened on Thursday . The stock had previously closed at $19.64, but opened at $19.54. CNO Financial Group shares last traded at $19.75, with a volume of 70,078 shares trading hands.
CNO has been the subject of several analyst reports. Guggenheim downgraded shares of CNO Financial Group to a “hold” rating and set a $29.00 price target for the company. in a research note on Friday, November 15th. Zacks Investment Research raised shares of CNO Financial Group from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research note on Monday, January 20th. TheStreet raised shares of CNO Financial Group from a “c+” rating to a “b-” rating in a research note on Tuesday, November 26th. Finally, ValuEngine downgraded shares of CNO Financial Group from a “hold” rating to a “sell” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $21.67.
The company’s 50 day moving average price is $18.19 and its 200-day moving average price is $16.80. The stock has a market cap of $2.99 billion, a P/E ratio of 10.91 and a beta of 1.25. The company has a quick ratio of 0.25, a current ratio of 0.24 and a debt-to-equity ratio of 0.56.
CNO Financial Group (NYSE:CNO) last released its quarterly earnings results on Tuesday, February 11th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.09. The firm had revenue of $1.07 billion during the quarter. CNO Financial Group had a net margin of 10.19% and a return on equity of 6.51%. Equities research analysts anticipate that CNO Financial Group Inc will post 2.05 earnings per share for the current year.
In other news, insider Joel H. Schwartz sold 1,717 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $18.21, for a total transaction of $31,266.57. Following the completion of the transaction, the insider now owns 23,603 shares of the company’s stock, valued at $429,810.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is currently owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in CNO. Pzena Investment Management LLC increased its position in shares of CNO Financial Group by 34.2% during the fourth quarter. Pzena Investment Management LLC now owns 6,770,866 shares of the financial services provider’s stock worth $122,756,000 after buying an additional 1,724,970 shares during the period. Massachusetts Financial Services Co. MA acquired a new stake in shares of CNO Financial Group during the fourth quarter worth $30,205,000. Millennium Management LLC increased its position in shares of CNO Financial Group by 291.4% during the third quarter. Millennium Management LLC now owns 1,652,253 shares of the financial services provider’s stock worth $26,155,000 after buying an additional 1,230,122 shares during the period. Franklin Resources Inc. acquired a new stake in shares of CNO Financial Group during the fourth quarter worth $16,692,000. Finally, Paradice Investment Management LLC increased its position in shares of CNO Financial Group by 11.0% during the third quarter. Paradice Investment Management LLC now owns 5,560,289 shares of the financial services provider’s stock worth $88,019,000 after buying an additional 552,200 shares during the period. 97.77% of the stock is owned by hedge funds and other institutional investors.
CNO Financial Group Company Profile (NYSE:CNO)
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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