Several other equities analysts have also issued reports on CNO. Deutsche Bank AG lowered their price target on CNO Financial Group from $19.00 to $18.00 and set a hold rating on the stock in a research note on Thursday, July 28th. Evercore ISI started coverage on CNO Financial Group in a report on Wednesday, July 6th. They set a hold rating and a $19.00 price objective on the stock. Zacks Investment Research raised CNO Financial Group from a hold rating to a buy rating and set a $18.00 price objective on the stock in a report on Tuesday, September 6th. Citigroup Inc. decreased their price objective on CNO Financial Group from $21.00 to $20.00 and set a buy rating on the stock in a report on Thursday, July 7th. Finally, BTIG Research reaffirmed a buy rating on shares of CNO Financial Group in a report on Friday, July 15th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $19.65.
Shares of CNO Financial Group (NYSE:CNO) opened at 15.17 on Thursday. The company has a 50 day moving average price of $15.67 and a 200 day moving average price of $17.68. The company has a market cap of $2.66 billion, a P/E ratio of 10.19 and a beta of 1.31. CNO Financial Group has a one year low of $14.66 and a one year high of $20.88.
CNO Financial Group (NYSE:CNO) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. CNO Financial Group had a return on equity of 5.68% and a net margin of 7.20%. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $961.56 million. During the same period in the previous year, the company posted $0.34 earnings per share. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. Equities research analysts expect that CNO Financial Group will post $1.39 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Friday, September 9th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend was Wednesday, September 7th. CNO Financial Group’s payout ratio is currently 21.48%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank bought a new position in CNO Financial Group during the fourth quarter valued at $38,805,000. Glenmede Trust Co. NA boosted its position in CNO Financial Group by 3.7% in the first quarter. Glenmede Trust Co. NA now owns 1,699,018 shares of the company’s stock valued at $30,444,000 after buying an additional 60,943 shares during the period. Aperio Group LLC boosted its position in CNO Financial Group by 34.6% in the first quarter. Aperio Group LLC now owns 77,083 shares of the company’s stock valued at $1,381,000 after buying an additional 19,814 shares during the period. Virginia Retirement System bought a new position in CNO Financial Group during the first quarter valued at $889,000. Finally, Ramsey Quantitative Systems boosted its position in CNO Financial Group by 5.5% in the first quarter. Ramsey Quantitative Systems now owns 32,828 shares of the company’s stock valued at $588,000 after buying an additional 1,701 shares during the period. Hedge funds and other institutional investors own 97.67% of the company’s stock.
About CNO Financial Group
CNO Financial Group, Inc is a holding company for a group of insurance companies operating across the United States that develop, market and administer health insurance, annuity, individual life insurance and other insurance products. It operates through three operating segments: Bankers Life, Washington National and Colonial Penn.
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