CNO Financial Group (NYSE:CNO) Coverage Initiated by Analysts at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of CNO Financial Group (NYSE:CNO – Get Rating) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating on the financial services provider’s stock.

A number of other analysts also recently weighed in on the stock. Jefferies Financial Group increased their price target on shares of CNO Financial Group from $23.00 to $25.00 and gave the company a “hold” rating in a research report on Tuesday, February 21st. Royal Bank of Canada increased their target price on CNO Financial Group from $26.00 to $28.00 and gave the stock an “outperform” rating in a research note on Thursday, February 9th. Piper Sandler reissued a “neutral” rating and set a $23.00 target price on shares of CNO Financial Group in a research note on Wednesday, February 8th. Finally, Morgan Stanley increased their target price on CNO Financial Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Friday, February 24th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $25.50.

CNO Financial Group Stock Performance

Shares of NYSE:CNO opened at $21.21 on Thursday. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of 6.29 and a beta of 1.15. The firm’s 50 day simple moving average is $24.54 and its 200 day simple moving average is $22.12. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.19 and a quick ratio of 0.19. CNO Financial Group has a fifty-two week low of $16.56 and a fifty-two week high of $26.35.

CNO Financial Group (NYSE:CNO – Get Rating) last announced its quarterly earnings results on Tuesday, February 7th. The financial services provider reported $0.56 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.56. The business had revenue of $973.60 million for the quarter, compared to the consensus estimate of $910.10 million. CNO Financial Group had a net margin of 11.09% and a return on equity of 12.74%. CNO Financial Group’s revenue for the quarter was down 9.4% on a year-over-year basis. During the same period last year, the company posted $0.87 EPS. As a group, sell-side analysts forecast that CNO Financial Group will post 2.69 earnings per share for the current year.

Insider Transactions at CNO Financial Group

In other news, insider Scott L. Goldberg sold 17,095 shares of the firm’s stock in a transaction that occurred on Friday, February 10th. The shares were sold at an average price of $25.34, for a total transaction of $433,187.30. Following the completion of the transaction, the insider now directly owns 120,210 shares of the company’s stock, valued at approximately $3,046,121.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Matthew J. Zimpfer sold 3,308 shares of the firm’s stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $25.85, for a total transaction of $85,511.80. Following the completion of the transaction, the executive vice president now directly owns 258,163 shares of the company’s stock, valued at approximately $6,673,513.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Scott L. Goldberg sold 17,095 shares of the firm’s stock in a transaction that occurred on Friday, February 10th. The stock was sold at an average price of $25.34, for a total transaction of $433,187.30. Following the transaction, the insider now directly owns 120,210 shares of the company’s stock, valued at $3,046,121.40. The disclosure for this sale can be found here. Insiders sold 24,591 shares of company stock valued at $627,713 in the last ninety days. 2.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On CNO Financial Group

Several hedge funds have recently made changes to their positions in the business. Raymond James & Associates grew its stake in shares of CNO Financial Group by 11.5% in the first quarter. Raymond James & Associates now owns 60,846 shares of the financial services provider’s stock valued at $1,527,000 after buying an additional 6,281 shares in the last quarter. Bank of Montreal Can grew its stake in shares of CNO Financial Group by 191.0% in the first quarter. Bank of Montreal Can now owns 36,666 shares of the financial services provider’s stock valued at $936,000 after buying an additional 24,066 shares in the last quarter. MetLife Investment Management LLC grew its stake in shares of CNO Financial Group by 38.3% in the first quarter. MetLife Investment Management LLC now owns 141,090 shares of the financial services provider’s stock valued at $3,540,000 after buying an additional 39,101 shares in the last quarter. Panagora Asset Management Inc. bought a new position in shares of CNO Financial Group in the first quarter valued at $1,142,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of CNO Financial Group by 7.9% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 44,125 shares of the financial services provider’s stock valued at $1,107,000 after buying an additional 3,241 shares in the last quarter. 96.15% of the stock is owned by institutional investors.

CNO Financial Group Company Profile

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CNO Financial Group, Inc is an insurance holding company, which engages in developing, marketing, and administering health insurance, annuity, individual life insurance and other insurance products. It operates through the following segments: Bankers Life, Washington National, and Colonial Penn. The Bankers Life segment markets and distributes medicare supplement insurance, interest-sensitive life insurance, traditional life insurance, fixed annuities and long-term care insurance products to the middle-income senior market through a dedicated field force of career agents and sales managers supported by a network of community-based sales offices.