CNO Financial Group (NYSE:CNO) Stock Price Expected to Rise, Piper Sandler Analyst Says

CNO Financial Group (NYSE:CNO) had its price target hoisted by equities research analysts at Piper Sandler from $42.00 to $44.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Piper Sandler’s price target would indicate a potential upside of 18.41% from the stock’s current price.

CNO has been the subject of a number of other research reports. Royal Bank of Canada upped their price objective on shares of CNO Financial Group from $38.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Jefferies Financial Group lifted their price target on shares of CNO Financial Group from $36.00 to $41.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $37.00.

CNO Financial Group Price Performance

CNO traded down $0.36 on Wednesday, hitting $37.16. 160,019 shares of the company’s stock were exchanged, compared to its average volume of 730,397. The firm has a 50-day moving average price of $37.56 and a 200-day moving average price of $33.49. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 1.50. The stock has a market cap of $3.84 billion, a price-to-earnings ratio of 14.99 and a beta of 1.02. CNO Financial Group has a fifty-two week low of $24.92 and a fifty-two week high of $40.91.

CNO Financial Group (NYSE:CNO) last announced its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.29. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $945.44 million. CNO Financial Group had a return on equity of 17.53% and a net margin of 6.06%. The firm’s revenue was up 19.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.88 earnings per share. As a group, equities analysts anticipate that CNO Financial Group will post 3.73 earnings per share for the current year.

Insider Buying and Selling at CNO Financial Group

In other news, insider Jeremy David Williams sold 4,783 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $40.09, for a total value of $191,750.47. Following the completion of the transaction, the insider now owns 62,121 shares of the company’s stock, valued at approximately $2,490,430.89. This trade represents a 7.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CIO Eric R. Johnson sold 3,978 shares of the company’s stock in a transaction that occurred 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 sale, the executive now directly owns 631,844 shares in the company, valued at approximately $24,698,781.96. The trade was a 0.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.21% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. DGS Capital Management LLC acquired a new position in CNO Financial Group during the 3rd quarter worth approximately $256,000. Tidal Investments LLC increased its holdings in CNO Financial Group by 11.3% in the third quarter. Tidal Investments LLC now owns 11,246 shares of the financial services provider’s stock valued at $395,000 after buying an additional 1,145 shares during the last quarter. Vestcor Inc acquired a new stake in CNO Financial Group in the third quarter valued at $579,000. Barclays PLC lifted its holdings in CNO Financial Group by 113.7% during the 3rd 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 last quarter. Finally, EP Wealth Advisors LLC purchased a new stake in CNO Financial Group during the 3rd quarter worth about $418,000. 95.43% of the stock is currently owned by hedge funds and other institutional investors.

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.