CNO Financial Group, Inc. (NYSE:CNO) Given Average Rating of “Hold” by Brokerages

CNO Financial Group, Inc. (NYSE:CNO) has been given an average recommendation of “Hold” by the six analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $37.17.

Several analysts have commented on the stock. Piper Sandler boosted their target price on shares of CNO Financial Group from $42.00 to $44.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Jefferies Financial Group boosted their target price 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. Royal Bank of Canada boosted their target price on shares of CNO Financial Group from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Finally, BMO Capital Markets assumed 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 objective for the company.

Insider Activity at CNO Financial Group

In related news, CMO Rocco F. Tarasi III sold 4,500 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $37.51, for a total transaction of $168,795.00. Following the completion of the transaction, the chief marketing officer now directly owns 72,896 shares in the company, valued at $2,734,328.96. This represents a 5.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jeremy David Williams sold 4,783 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $40.09, for a total transaction of $191,750.47. Following the transaction, the insider now owns 62,121 shares of the company’s stock, valued at approximately $2,490,430.89. The trade was a 7.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,745 shares of company stock worth $572,467 in the last ninety days. 3.21% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CNO Financial Group

A number of hedge funds have recently made changes to their positions in CNO. Principal Securities Inc. raised its stake in shares of CNO Financial Group by 51.6% in the 4th quarter. Principal Securities Inc. now owns 955 shares of the financial services provider’s stock valued at $36,000 after buying an additional 325 shares in the last quarter. Quarry LP raised its stake in shares of CNO Financial Group by 123.2% in the 2nd quarter. Quarry LP now owns 1,694 shares of the financial services provider’s stock valued at $47,000 after buying an additional 935 shares in the last quarter. Sound Income Strategies LLC acquired a new position in shares of CNO Financial Group in the 4th quarter valued at $54,000. CWM LLC raised its stake in shares of CNO Financial Group by 53.0% in the 3rd quarter. CWM LLC now owns 1,750 shares of the financial services provider’s stock valued at $61,000 after buying an additional 606 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of CNO Financial Group by 141.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,985 shares of the financial services provider’s stock valued at $70,000 after buying an additional 1,164 shares in the last quarter. Institutional investors and hedge funds own 95.43% of the company’s stock.

CNO Financial Group Stock Performance

CNO stock opened at $39.40 on Wednesday. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $4.07 billion, a price-to-earnings ratio of 15.89 and a beta of 1.04. CNO Financial Group has a 12 month low of $24.92 and a 12 month high of $40.91. The firm has a 50 day moving average of $38.22 and a two-hundred day moving average of $35.94.

CNO Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.62%. The ex-dividend date was Tuesday, December 10th. CNO Financial Group’s dividend payout ratio is currently 25.81%.

CNO Financial Group Company Profile

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.