CNO Financial Group (NYSE:CNO) Earns Buy (B) Rating from Weiss Ratings

Key Points

• CNO Financial Group's stock received a reiterated Buy (B) rating from Weiss Ratings, alongside an upgrade from Wall Street Zen, bolstering its Moderate Buy consensus rating.
• The company reported a quarterly earnings per share of $0.87, surpassing analysts' estimates, with a revenue of $1.15 billion for the same quarter.
• CNO Financial Group's stock traded at $39.97, reflecting a slight increase of 0.4% during the latest trading session, with a market capitalization of $3.87 billion.

CNO Financial Group (NYSE:CNO - Get Free Report)'s stock had its "buy (b)" rating reiterated by analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded CNO Financial Group from a "hold" rating to a "buy" rating in a research note on Friday, October 3rd. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, CNO Financial Group presently has an average rating of "Moderate Buy" and a consensus target price of $43.40.

CNO Financial Group Stock Up 0.4%

CNO stock traded up $0.15 during trading on Wednesday, hitting $39.97. 515,439 shares of the company's stock were exchanged, compared to its average volume of 842,550. The business has a 50-day moving average price of $38.76 and a two-hundred day moving average price of $38.36. The stock has a market capitalization of $3.87 billion, a price-to-earnings ratio of 14.75 and a beta of 0.90. CNO Financial Group has a 52-week low of $33.91 and a 52-week high of $43.20. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 1.50.

CNO Financial Group (NYSE:CNO - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The financial services provider reported $0.87 earnings per share for the quarter, beating analysts' consensus estimates of $0.85 by $0.02. CNO Financial Group had a return on equity of 16.63% and a net margin of 6.41%.The company had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $971.25 million. During the same quarter in the previous year, the business earned $1.06 earnings per share. As a group, equities research analysts expect that CNO Financial Group will post 3.83 EPS for the current year.

Institutional Trading of CNO Financial Group

Several large investors have recently bought and sold shares of CNO. Neo Ivy Capital Management acquired a new stake in CNO Financial Group in the first quarter valued at $28,000. Turning Point Benefit Group Inc. purchased a new stake in shares of CNO Financial Group in the second quarter valued at $32,000. UMB Bank n.a. lifted its position in shares of CNO Financial Group by 89.7% in the first quarter. UMB Bank n.a. now owns 1,009 shares of the financial services provider's stock valued at $42,000 after acquiring an additional 477 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of CNO Financial Group by 123.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,176 shares of the financial services provider's stock valued at $45,000 after acquiring an additional 649 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its position in shares of CNO Financial Group by 39.2% in the second quarter. Osaic Holdings Inc. now owns 1,194 shares of the financial services provider's stock valued at $46,000 after acquiring an additional 336 shares in the last quarter. Institutional investors and hedge funds own 95.43% of the company's stock.

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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