CNO Financial Group (NYSE:CNO) Rating Lowered to Hold at Wall Street Zen

Key Points

• CNO Financial Group was downgraded from a "buy" rating to a "hold" rating by Wall Street Zen, despite a mixed outlook from other analysts who maintain a "Moderate Buy" consensus.
• The company's stock currently has a price target of $43.60, with a recent trading price of $39.28 and a market cap of $3.81 billion.
• Institutional investors hold approximately 95.43% of CNO Financial Group's stock, reflecting significant institutional interest in the company.

CNO Financial Group (NYSE:CNO - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Saturday.

Several other equities research analysts have also recently weighed in on the company. Weiss Ratings reiterated a "buy (b)" rating on shares of CNO Financial Group in a research report on Wednesday. Keefe, Bruyette & Woods upped their price target on CNO Financial Group from $44.00 to $45.00 and gave the company a "market perform" rating in a research report on Thursday. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, CNO Financial Group presently has an average rating of "Moderate Buy" and a consensus price target of $43.60.

CNO Financial Group Price Performance

NYSE CNO opened at $39.28 on Friday. The firm's 50-day simple moving average is $38.90 and its two-hundred day simple moving average is $38.32. CNO Financial Group has a 52 week low of $34.10 and a 52 week high of $43.20. The company has a market cap of $3.81 billion, a PE ratio of 14.49 and a beta of 0.90. 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 (NYSE:CNO - Get Free Report) last announced its quarterly earnings results on Friday, May 19th. The financial services provider reported $0.84 earnings per share for the quarter. CNO Financial Group had a return on equity of 16.63% and a net margin of 6.41%.The firm had revenue of $968.30 million for the quarter. Research analysts predict that CNO Financial Group will post 3.83 earnings per share for the current year.

Institutional Trading of CNO Financial Group

A number of institutional investors have recently made changes to their positions in CNO. Corient Private Wealth LLC lifted its stake in CNO Financial Group by 21.1% in the second quarter. Corient Private Wealth LLC now owns 18,557 shares of the financial services provider's stock worth $716,000 after acquiring an additional 3,233 shares during the period. Texas Permanent School Fund Corp lifted its stake in CNO Financial Group by 1.7% in the second quarter. Texas Permanent School Fund Corp now owns 78,956 shares of the financial services provider's stock worth $3,046,000 after acquiring an additional 1,302 shares during the period. Osaic Holdings Inc. lifted its stake in 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 worth $46,000 after acquiring an additional 336 shares during the period. Cim Investment Management Inc. lifted its stake in CNO Financial Group by 100.7% in the second quarter. Cim Investment Management Inc. now owns 23,246 shares of the financial services provider's stock worth $881,000 after acquiring an additional 11,666 shares during the period. Finally, State of Wyoming raised its holdings in CNO Financial Group by 35.1% in the second quarter. State of Wyoming now owns 14,321 shares of the financial services provider's stock worth $553,000 after purchasing an additional 3,719 shares in the last quarter. Hedge funds and other institutional investors own 95.43% of the company's stock.

CNO Financial Group Company Profile

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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