CNO Financial Group (NYSE:CNO) Price Target Raised to $45.00 at Keefe, Bruyette & Woods

Key Points

• Keefe, Bruyette & Woods has raised the price target for CNO Financial Group from $44.00 to $45.00, indicating a potential upside of 12.88% from the current stock price.
• The company has received a consensus rating of "Moderate Buy" from analysts, with three ratings as "Buy" and three as "Hold," alongside a consensus price target of $43.60.
• CNO Financial Group reported a quarterly earnings per share of $0.87, which exceeded the consensus estimate, and had a net revenue of $1.15 billion for the period.

CNO Financial Group (NYSE:CNO - Get Free Report) had its price objective lifted by Keefe, Bruyette & Woods from $44.00 to $45.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a "market perform" rating on the financial services provider's stock. Keefe, Bruyette & Woods' price target points to a potential upside of 12.88% from the stock's current price.

Several other research firms have also issued reports on CNO. Weiss Ratings reissued a "buy (b)" rating on shares of CNO Financial Group in a research note on Wednesday. Wall Street Zen upgraded CNO Financial Group from a "hold" rating to a "buy" rating in a research report on Friday, October 3rd. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.60.

CNO Financial Group Stock Performance

Shares of CNO traded down $0.11 during mid-day trading on Thursday, reaching $39.86. The company had a trading volume of 148,848 shares, compared to its average volume of 714,852. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 1.50. CNO Financial Group has a 52-week low of $34.05 and a 52-week high of $43.20. The stock has a 50 day moving average of $38.76 and a two-hundred day moving average of $38.36. The stock has a market capitalization of $3.86 billion, a P/E ratio of 14.71 and a beta of 0.90.

CNO Financial Group (NYSE:CNO - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The financial services provider reported $0.87 EPS for the quarter, topping the consensus estimate 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 business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $971.25 million. During the same quarter in the prior year, the firm posted $1.06 EPS. On average, analysts expect that CNO Financial Group will post 3.83 earnings per share for the current year.

Institutional Trading of CNO Financial Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Neo Ivy Capital Management purchased a new stake in shares of CNO Financial Group in the 1st quarter valued at approximately $28,000. Turning Point Benefit Group Inc. purchased a new stake in CNO Financial Group in the second quarter valued at approximately $32,000. UMB Bank n.a. raised its position in 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 purchasing an additional 477 shares during the period. EverSource Wealth Advisors LLC raised its position in 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 purchasing an additional 649 shares during the period. Finally, Osaic Holdings Inc. raised its holdings in shares of CNO Financial Group by 39.2% in the 2nd quarter. Osaic Holdings Inc. now owns 1,194 shares of the financial services provider's stock valued at $46,000 after buying an additional 336 shares during the period. 95.43% of the stock is currently owned by hedge funds and other 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.

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