CNO Financial Group, Inc. (NYSE:CNO) Given Consensus Rating of "Hold" by Brokerages

Shares of CNO Financial Group, Inc. (NYSE:CNO - Get Free Report) have received an average recommendation of "Hold" from the six brokerages that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $41.00.

Separately, Piper Sandler lifted their price objective on CNO Financial Group from $46.00 to $49.00 and gave the company an "overweight" rating in a report on Wednesday, April 2nd.

Insider Buying and Selling

In other CNO Financial Group news, insider Jeremy David Williams sold 3,393 shares of the business's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $41.77, for a total value of $141,725.61. Following the completion of the transaction, the insider now directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.00% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Principal Securities Inc. grew its stake in shares of CNO Financial Group by 51.6% during the 4th quarter. Principal Securities Inc. now owns 955 shares of the financial services provider's stock valued at $36,000 after buying an additional 325 shares during the period. SG Americas Securities LLC purchased a new stake in shares of CNO Financial Group during the 1st quarter valued at $806,000. Proficio Capital Partners LLC purchased a new stake in shares of CNO Financial Group during the 4th quarter valued at $903,000. Harbor Capital Advisors Inc. grew its stake in shares of CNO Financial Group by 26.2% during the 1st quarter. Harbor Capital Advisors Inc. now owns 40,824 shares of the financial services provider's stock valued at $1,700,000 after buying an additional 8,465 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of CNO Financial Group by 41.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,274,370 shares of the financial services provider's stock valued at $47,419,000 after buying an additional 372,701 shares during the period. 95.43% of the stock is currently owned by institutional investors and hedge funds.

CNO Financial Group Stock Performance

Shares of CNO stock opened at $38.47 on Friday. The stock's 50-day moving average is $37.99 and its two-hundred day moving average is $38.77. The firm has a market cap of $3.81 billion, a price-to-earnings ratio of 13.45 and a beta of 0.89. CNO Financial Group has a 1 year low of $27.50 and a 1 year high of $43.20. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.18 and a current ratio of 0.18.

CNO Financial Group (NYSE:CNO - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.79. CNO Financial Group had a return on equity of 17.86% and a net margin of 7.11%. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $975.80 million. During the same quarter last year, the company posted $0.52 earnings per share. The business's revenue was down 13.2% on a year-over-year basis. Analysts predict that CNO Financial Group will post 3.83 earnings per share for the current year.

CNO Financial Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th were given 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 annualized dividend and a dividend yield of 1.77%. The ex-dividend date was 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.

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