Shares of CNO Financial Group Inc (NYSE:CNO) have been assigned an average recommendation of “Hold” from the nine research firms that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $23.00.
Several research analysts have recently weighed in on CNO shares. Zacks Investment Research upgraded shares of CNO Financial Group from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Thursday, January 3rd. TheStreet cut shares of CNO Financial Group from a “b” rating to a “c” rating in a research note on Thursday, November 1st. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $22.00 price target on shares of CNO Financial Group in a research note on Monday, December 17th. Evercore ISI upgraded shares of CNO Financial Group from an “in-line” rating to an “outperform” rating in a research note on Wednesday, January 9th. They noted that the move was a valuation call. Finally, ValuEngine upgraded shares of CNO Financial Group from a “strong sell” rating to a “sell” rating in a research note on Monday, November 12th.
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CNO stock traded up $0.44 on Tuesday, hitting $17.31. The company had a trading volume of 1,143,507 shares, compared to its average volume of 1,147,685. CNO Financial Group has a 12-month low of $13.64 and a 12-month high of $23.84. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $2.85 billion, a P/E ratio of 9.46 and a beta of 1.36.
CNO Financial Group (NYSE:CNO) last issued its quarterly earnings results on Tuesday, February 12th. The financial services provider reported $0.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.14). The business had revenue of $778.20 million for the quarter, compared to analysts’ expectations of $981.90 million. CNO Financial Group had a positive return on equity of 7.57% and a negative net margin of 7.30%. The company’s revenue was down 28.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.51 EPS. As a group, equities analysts predict that CNO Financial Group will post 2.18 earnings per share for the current year.
In other news, Director Stephen N. David acquired 3,000 shares of the firm’s stock in a transaction dated Wednesday, December 26th. The shares were purchased at an average cost of $13.85 per share, for a total transaction of $41,550.00. Following the transaction, the director now directly owns 23,206 shares of the company’s stock, valued at $321,403.10. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.30% of the stock is owned by company insiders.
Hedge funds have recently made changes to their positions in the company. JOYN Advisors Inc. raised its position in shares of CNO Financial Group by 447.9% during the 4th quarter. JOYN Advisors Inc. now owns 1,967 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 1,608 shares during the period. Advisors Preferred LLC bought a new stake in CNO Financial Group in the 4th quarter valued at $64,000. Amundi Pioneer Asset Management Inc. bought a new stake in CNO Financial Group in the 4th quarter valued at $91,000. Tower Research Capital LLC TRC increased its holdings in CNO Financial Group by 1,236.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 8,967 shares of the financial services provider’s stock valued at $190,000 after acquiring an additional 8,296 shares during the last quarter. Finally, Quantamental Technologies LLC bought a new stake in CNO Financial Group in the 4th quarter valued at $139,000. Hedge funds and other institutional investors own 94.17% of the company’s stock.
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.
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