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

Key Points

• CNO Financial Group received a "buy (B)" rating from Weiss Ratings, indicating strong analyst confidence in the stock's performance.
• In recent trading, CNO stock rose by 0.8% to $40.15, with a market capitalization of $3.89 billion and notable financial metrics such as a debt-to-equity ratio of 1.50.
• Analysts project an average price target of $43.60 for the stock, with mixed ratings from various research firms, including three "buy" and three "hold" ratings.

CNO Financial Group (NYSE:CNO - Get Free Report)'s stock had its "buy (b)" rating reissued by research analysts at Weiss Ratings in a note issued to investors on Friday,Weiss Ratings reports.

A number of other equities research analysts have also issued reports on the company. Keefe, Bruyette & Woods increased 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, October 9th. Wall Street Zen downgraded CNO Financial Group from a "buy" rating to a "hold" rating in a report on Saturday, October 11th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $43.60.

CNO Financial Group Stock Up 0.8%

CNO stock traded up $0.32 during mid-day trading on Friday, reaching $40.15. The company had a trading volume of 552,940 shares, compared to its average volume of 501,789. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.17 and a current ratio of 0.17. The company has a market capitalization of $3.89 billion, a price-to-earnings ratio of 14.81 and a beta of 0.90. The firm has a fifty day simple moving average of $39.40 and a 200 day simple moving average of $38.28. CNO Financial Group has a fifty-two week low of $34.10 and a fifty-two week high of $43.20.

CNO Financial Group (NYSE:CNO - Get Free Report) last posted its quarterly earnings results on Friday, May 19th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter. The company had revenue of $968.30 million for the quarter. CNO Financial Group had a return on equity of 16.63% and a net margin of 6.41%. Analysts forecast that CNO Financial Group will post 3.83 earnings per share for the current fiscal year.

Institutional Trading of CNO Financial Group

Several hedge funds have recently modified their holdings of CNO. GAMMA Investing LLC lifted its holdings in shares of CNO Financial Group by 25.0% in the 1st quarter. GAMMA Investing LLC now owns 2,861 shares of the financial services provider's stock valued at $119,000 after buying an additional 572 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of CNO Financial Group by 5.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,701 shares of the financial services provider's stock valued at $571,000 after buying an additional 744 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in shares of CNO Financial Group by 42.0% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 8,471 shares of the financial services provider's stock valued at $353,000 after buying an additional 2,507 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of CNO Financial Group in the 1st quarter valued at approximately $92,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of CNO Financial Group by 15.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 772,371 shares of the financial services provider's stock valued at $32,424,000 after buying an additional 100,735 shares during the period. 95.43% of the stock is owned by institutional investors and hedge funds.

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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