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 received an average rating of "Hold" from the six brokerages that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $41.00.

CNO has been the subject of several analyst reports. 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. Keefe, Bruyette & Woods upped their target price 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, Piper Sandler increased their target price on CNO Financial Group from $46.00 to $49.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 2nd.

Insider Activity at CNO Financial Group

In related news, insider Jeremy David Williams sold 3,393 shares of CNO Financial Group stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $41.77, for a total transaction of $141,725.61. Following the transaction, the insider now owns 56,599 shares in the company, valued at approximately $2,364,140.23. The trade was a 5.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Scott L. Goldberg sold 25,500 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $40.02, for a total value of $1,020,510.00. Following the completion of the sale, the insider now owns 169,342 shares of the company's stock, valued at approximately $6,777,066.84. This represents a 13.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,412 shares of company stock worth $2,146,033. Company insiders own 3.00% of the company's stock.

Institutional Trading of CNO Financial Group

A number of hedge funds have recently made changes to their positions in the company. Bank of America Corp DE increased its stake in CNO Financial Group by 236.9% during 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 period. Nuveen LLC purchased a new stake in shares of CNO Financial Group during the first quarter worth about $24,071,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of CNO Financial Group in the fourth quarter worth about $15,093,000. Balyasny Asset Management L.P. purchased a new position in CNO Financial Group in the fourth quarter valued at about $14,270,000. Finally, Norges Bank acquired a new stake in CNO Financial Group during the 4th quarter valued at approximately $13,975,000. Hedge funds and other institutional investors own 95.43% of the company's stock.

CNO Financial Group Price Performance

CNO Financial Group stock traded down $0.53 during midday trading on Tuesday, reaching $37.67. 372,342 shares of the company were exchanged, compared to its average volume of 688,532. The firm's 50-day simple moving average is $38.34 and its 200-day simple moving average is $38.98. CNO Financial Group has a 1 year low of $26.36 and a 1 year high of $43.20. The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of 10.07 and a beta of 0.89. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.19 and a current ratio of 0.22.

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

CNO Financial Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th will be paid a $0.17 dividend. This is a positive change from CNO Financial Group's previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend is Tuesday, June 10th. CNO Financial Group's payout ratio is currently 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.