CNO Financial Group (NYSE:CNO) Sets New 12-Month High - Here's Why

Key Points

• CNO hit a new 52-week high, trading as high as $44.98 and last at $45.14, while the consensus analyst rating is Hold with an average price target of $46.50.
• The company reported an earnings beat (EPS $1.47 vs. $1.20), revenue rose 4.2% year‑over‑year, it has a $4.22 billion market cap and pays a $0.17 quarterly dividend (≈1.5% yield).
• Insiders have been net sellers—about 196,778 shares (~$8.44M) sold in the last 90 days—while institutional investors own roughly 95.43% of the stock.

CNO Financial Group, Inc. (NYSE:CNO - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $44.98 and last traded at $45.1410, with a volume of 18237 shares traded. The stock had previously closed at $44.63.

Analyst Ratings Changes

Several brokerages have recently weighed in on CNO. Wall Street Zen downgraded CNO Financial Group from a "buy" rating to a "hold" rating in a report on Saturday, March 28th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of CNO Financial Group in a research report on Monday, April 20th. Keefe, Bruyette & Woods reiterated a "hold" rating and set a $46.00 target price on shares of CNO Financial Group in a research report on Thursday, March 26th. Finally, Evercore restated an "underperform" rating and issued a $43.00 price target on shares of CNO Financial Group in a report on Wednesday, February 18th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $46.50.

CNO Financial Group Stock Up 1.0%

The firm has a market cap of $4.22 billion, a P/E ratio of 18.10 and a beta of 0.82. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 1.61. The business has a 50-day moving average price of $41.91 and a 200-day moving average price of $41.67.

CNO Financial Group (NYSE:CNO - Get Free Report) last released its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.47 earnings per share for the quarter, topping analysts' consensus estimates of $1.20 by $0.27. CNO Financial Group had a net margin of 5.44% and a return on equity of 17.65%. The company had revenue of $101.10 million during the quarter, compared to analyst estimates of $1 billion. During the same period in the prior year, the firm earned $1.18 earnings per share. The firm's revenue for the quarter was up 4.2% compared to the same quarter last year. On average, equities analysts forecast that CNO Financial Group, Inc. will post 4.36 EPS for the current fiscal year.

CNO Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, March 10th. CNO Financial Group's dividend payout ratio (DPR) is presently 27.31%.

Insider Buying and Selling at CNO Financial Group

In other news, General Counsel Matthew J. Zimpfer sold 33,800 shares of the business's stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $43.05, for a total value of $1,455,090.00. Following the completion of the transaction, the general counsel directly owned 307,937 shares of the company's stock, valued at approximately $13,256,687.85. The trade was a 9.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Gary C. Bhojwani sold 45,357 shares of CNO Financial Group stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $43.17, for a total value of $1,958,061.69. Following the completion of the transaction, the chief executive officer owned 320,547 shares in the company, valued at $13,838,013.99. This trade represents a 12.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 196,778 shares of company stock worth $8,442,863. 3.44% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CNO. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in CNO Financial Group in the fourth quarter valued at approximately $18,297,000. Jain Global LLC purchased a new stake in shares of CNO Financial Group during the 4th quarter valued at $17,996,000. Millennium Management LLC boosted its position in shares of CNO Financial Group by 190.3% in the 3rd quarter. Millennium Management LLC now owns 579,656 shares of the financial services provider's stock worth $22,925,000 after purchasing an additional 379,984 shares in the last quarter. Capitolis Liquid Global Markets LLC grew its stake in CNO Financial Group by 384.9% during the 3rd quarter. Capitolis Liquid Global Markets LLC now owns 438,800 shares of the financial services provider's stock worth $17,355,000 after buying an additional 348,300 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in CNO Financial Group by 35.6% during the 4th quarter. AQR Capital Management LLC now owns 1,218,033 shares of the financial services provider's stock worth $51,730,000 after buying an additional 319,795 shares during the last quarter. Institutional investors own 95.43% of the company's stock.

About CNO Financial Group

CNO Financial Group is an Indiana‐based holding company that offers a range of insurance and retirement solutions through its operating subsidiaries. Its primary business activities include life insurance, annuities, and supplemental health insurance products designed to help individuals plan for retirement and manage health‐related expenses. The company serves middle‐income Americans, with particular emphasis on senior customers seeking guaranteed coverage and reliable income streams.

Originally founded as Conseco in 1979, the company underwent a financial restructuring and rebranded as CNO Financial Group in 2010.

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