Brokerages Set CNO Financial Group, Inc. (NYSE:CNO) Price Target at $41.00

Shares of CNO Financial Group, Inc. (NYSE:CNO - Get Free Report) have been assigned an average recommendation of "Hold" from the six ratings firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $41.00.

A number of analysts have recently commented on CNO shares. Royal Bank of Canada boosted their price target on CNO Financial Group from $40.00 to $45.00 and gave the company an "outperform" rating in a report on Monday, February 10th. Piper Sandler upped their target price on CNO Financial Group from $46.00 to $49.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods increased their price target on CNO Financial Group from $42.00 to $44.00 and gave the company a "market perform" rating in a research note on Wednesday, February 12th. Finally, BMO Capital Markets initiated coverage on CNO Financial Group in a report on Thursday, January 23rd. They set a "market perform" rating and a $38.00 price target for the company.

Insider Transactions at CNO Financial Group

In other CNO Financial Group news, General Counsel Matthew J. Zimpfer sold 40,800 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $41.49, for a total value of $1,692,792.00. Following the completion of the sale, the general counsel now directly owns 244,943 shares of the company's stock, valued at $10,162,685.07. This trade represents a 14.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Yvonne K. Franzese sold 2,013 shares of CNO Financial Group stock in a transaction on Friday, March 28th. The shares were sold at an average price of $42.18, for a total value of $84,908.34. Following the completion of the transaction, the insider now owns 26,994 shares of the company's stock, valued at approximately $1,138,606.92. This trade represents a 6.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 159,512 shares of company stock valued at $6,497,710 over the last ninety days. 3.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CNO. Bank of America Corp DE boosted its stake in shares of CNO Financial Group by 236.9% in the 4th quarter. Bank of America Corp DE now owns 922,411 shares of the financial services provider's stock worth $34,323,000 after buying an additional 648,591 shares during the last quarter. Nuveen LLC purchased a new stake in shares of CNO Financial Group in the first quarter worth about $24,071,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of CNO Financial Group in the fourth quarter worth about $15,093,000. Balyasny Asset Management L.P. bought a new stake in CNO Financial Group during the fourth quarter worth approximately $14,270,000. Finally, Norges Bank bought a new stake in CNO Financial Group during the fourth quarter worth approximately $13,975,000. Hedge funds and other institutional investors own 95.43% of the company's stock.

CNO Financial Group Stock Down 0.5%

Shares of NYSE CNO traded down $0.21 during mid-day trading on Friday, reaching $38.45. 108,105 shares of the company traded hands, compared to its average volume of 699,748. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.19 and a current ratio of 0.22. The stock has a market cap of $3.81 billion, a PE ratio of 10.28 and a beta of 0.90. The company's fifty day moving average is $39.12 and its two-hundred day moving average is $38.91. CNO Financial Group has a fifty-two week low of $26.36 and a fifty-two week high of $43.20.

CNO Financial Group (NYSE:CNO - Get Free Report) last posted its earnings results on Monday, April 28th. The financial services provider reported $0.79 EPS for the quarter, hitting the consensus estimate of $0.79. CNO Financial Group had a return on equity of 17.20% and a net margin of 9.08%. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $975.80 million. During the same quarter last year, the company earned $0.52 EPS. CNO Financial Group's revenue was down 13.2% on a year-over-year basis. On average, analysts expect that CNO Financial Group will post 3.83 earnings per share for the current year.

CNO Financial Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th will be paid a dividend of $0.17 per share. This is an increase from CNO Financial Group's previous quarterly dividend of $0.16. This represents a $0.68 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend is Tuesday, June 10th. CNO Financial Group's dividend payout ratio is 23.78%.

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.