Analysts Set CNO Financial Group Inc (CNO) PT at $24.00

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CNO Financial Group Inc (NYSE:CNO) has been assigned a consensus rating of “Hold” from the nine analysts that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $24.00.

Several research firms recently weighed in on CNO. Zacks Investment Research cut shares of CNO Financial Group from a “buy” rating to a “hold” rating in a report on Friday, April 6th. William Blair began coverage on shares of CNO Financial Group in a report on Monday, March 12th. They issued an “outperform” rating on the stock. ValuEngine upgraded shares of CNO Financial Group from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Morgan Stanley reiterated an “equal weight” rating on shares of CNO Financial Group in a report on Thursday, May 31st. Finally, B. Riley cut their price target on shares of CNO Financial Group from $27.00 to $25.00 and set a “buy” rating on the stock in a report on Tuesday, June 12th.

A number of large investors have recently added to or reduced their stakes in CNO. Old Mutual Global Investors UK Ltd. boosted its holdings in shares of CNO Financial Group by 2,528.5% during the 1st quarter. Old Mutual Global Investors UK Ltd. now owns 1,390,382 shares of the financial services provider’s stock valued at $30,129,000 after buying an additional 1,337,485 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of CNO Financial Group by 46.3% during the 1st quarter. Allianz Asset Management GmbH now owns 2,831,660 shares of the financial services provider’s stock valued at $61,362,000 after buying an additional 895,832 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of CNO Financial Group by 186.1% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,141,906 shares of the financial services provider’s stock valued at $24,745,000 after buying an additional 742,820 shares in the last quarter. Guggenheim Capital LLC boosted its holdings in shares of CNO Financial Group by 238.3% during the 4th quarter. Guggenheim Capital LLC now owns 582,429 shares of the financial services provider’s stock valued at $14,380,000 after buying an additional 410,283 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of CNO Financial Group by 28.8% during the 1st quarter. Russell Investments Group Ltd. now owns 1,752,490 shares of the financial services provider’s stock valued at $37,975,000 after buying an additional 391,587 shares in the last quarter. Institutional investors and hedge funds own 94.70% of the company’s stock.

Shares of NYSE CNO traded up $0.05 during mid-day trading on Monday, hitting $19.27. The stock had a trading volume of 5,610 shares, compared to its average volume of 1,074,587. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.55. CNO Financial Group has a 1 year low of $18.65 and a 1 year high of $26.47. The company has a market cap of $3.22 billion, a price-to-earnings ratio of 9.52 and a beta of 1.15.

CNO Financial Group (NYSE:CNO) last issued its earnings results on Wednesday, April 25th. The financial services provider reported $0.44 EPS for the quarter, hitting the consensus estimate of $0.44. CNO Financial Group had a net margin of 4.67% and a return on equity of 6.92%. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.01 billion. equities research analysts anticipate that CNO Financial Group will post 2.03 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, June 25th. Investors of record on Monday, June 11th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, June 8th. This represents a $0.40 annualized dividend and a yield of 2.08%. This is a boost from CNO Financial Group’s previous quarterly dividend of $0.09. CNO Financial Group’s payout ratio is 19.80%.

CNO Financial Group Company Profile

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.

Analyst Recommendations for CNO Financial Group (NYSE:CNO)

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