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

CNO Financial Group, Inc. (NYSE:CNO - Get Free Report) has earned an average rating of "Hold" from the six ratings firms that are currently covering the company, MarketBeat Ratings 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 analysts that have issued a report on the stock in the last year is $41.00.

Several equities analysts have commented on the company. Piper Sandler raised their price objective on CNO Financial Group from $46.00 to $49.00 and gave the company an "overweight" rating in a research report on Wednesday, April 2nd. BMO Capital Markets initiated coverage on CNO Financial Group in a research report on Thursday, January 23rd. They issued a "market perform" rating and a $38.00 price target on the stock. Keefe, Bruyette & Woods lifted their price objective 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, Royal Bank of Canada lifted their price target on CNO Financial Group from $40.00 to $45.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th.

CNO Financial Group Trading Up 0.6 %

Shares of NYSE:CNO traded up $0.21 on Monday, hitting $38.29. The company had a trading volume of 602,211 shares, compared to its average volume of 710,114. The firm's 50-day simple moving average is $40.01 and its two-hundred day simple moving average is $38.50. The firm has a market capitalization of $3.84 billion, a price-to-earnings ratio of 10.24 and a beta of 0.90. The company has a quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 1.61. CNO Financial Group has a 1 year low of $25.73 and a 1 year high of $43.20.

CNO Financial Group (NYSE:CNO - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.31 EPS for the quarter, topping the consensus estimate of $1.06 by $0.25. CNO Financial Group had a net margin of 9.08% and a return on equity of 17.20%. Equities analysts anticipate that CNO Financial Group will post 3.83 earnings per share for the current fiscal year.

CNO Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were issued a $0.16 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.64 annualized dividend and a yield of 1.67%. CNO Financial Group's payout ratio is 17.11%.

Insiders Place Their Bets

In other news, insider Scott L. Goldberg sold 25,500 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $40.02, for a total transaction of $1,020,510.00. Following the transaction, the insider now directly owns 169,342 shares of the company's stock, valued at $6,777,066.84. This represents a 13.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Yvonne K. Franzese sold 8,109 shares of the firm's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $42.00, for a total value of $340,578.00. Following the completion of the transaction, the insider now directly owns 38,540 shares in the company, valued at $1,618,680. The trade was a 17.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 159,512 shares of company stock valued at $6,497,710. 3.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp lifted its position in CNO Financial Group by 368.2% during the fourth quarter. Jones Financial Companies Lllp now owns 796 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 626 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of CNO Financial Group by 95.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 855 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 417 shares in the last quarter. Principal Securities Inc. boosted its position 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 acquiring an additional 325 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of CNO Financial Group by 89.7% in the 1st quarter. UMB Bank n.a. now owns 1,009 shares of the financial services provider's stock worth $42,000 after buying an additional 477 shares during the last quarter. Finally, Versant Capital Management Inc raised its holdings in CNO Financial Group by 148.6% during the 1st quarter. Versant Capital Management Inc now owns 1,099 shares of the financial services provider's stock valued at $46,000 after buying an additional 657 shares during the period. 95.43% of the stock is currently owned by institutional investors.

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.