A number of other analysts have also recently commented on the stock. Deutsche Bank AG set a $16.00 target price on shares of CNO Financial Group and gave the company a hold rating in a report on Friday, September 30th. BTIG Research cut shares of CNO Financial Group from a buy rating to a neutral rating in a report on Friday, September 30th. Goldman Sachs Group Inc. cut shares of CNO Financial Group from a buy rating to a neutral rating and dropped their target price for the company from $21.00 to $17.00 in a report on Friday, September 30th. Wells Fargo & Co. began coverage on shares of CNO Financial Group in a report on Thursday, September 22nd. They set an outperform rating on the stock. Finally, Zacks Investment Research upgraded shares of CNO Financial Group from a hold rating to a buy rating and set a $18.00 target price on the stock in a report on Tuesday, September 6th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. CNO Financial Group presently has an average rating of Hold and an average price target of $18.85.
CNO Financial Group (NYSE:CNO) opened at 15.76 on Monday. The company has a market cap of $2.76 billion, a price-to-earnings ratio of 10.59 and a beta of 1.23. The firm’s 50-day moving average is $15.67 and its 200-day moving average is $17.54. CNO Financial Group has a 12 month low of $14.30 and a 12 month high of $20.88.
CNO Financial Group (NYSE:CNO) last announced its earnings results on Tuesday, July 26th. The company reported $0.35 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.35. CNO Financial Group had a net margin of 7.20% and a return on equity of 5.68%. The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $961.56 million. During the same quarter in the previous year, the business posted $0.34 EPS. The company’s quarterly revenue was up 4.6% on a year-over-year basis. On average, analysts anticipate that CNO Financial Group will post $1.35 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Friday, September 9th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date was Wednesday, September 7th. CNO Financial Group’s payout ratio is 21.48%.
A number of institutional investors have recently made changes to their positions in CNO. Norges Bank purchased a new position in shares of CNO Financial Group during the fourth quarter worth about $38,805,000. Mesirow Financial Investment Management Equity Management purchased a new position in shares of CNO Financial Group during the second quarter worth about $20,609,000. Vanguard Group Inc. boosted its position in shares of CNO Financial Group by 7.0% in the second quarter. Vanguard Group Inc. now owns 13,604,993 shares of the company’s stock worth $237,543,000 after buying an additional 893,798 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in shares of CNO Financial Group by 19.3% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 4,453,154 shares of the company’s stock worth $77,752,000 after buying an additional 720,360 shares during the last quarter. Finally, Prudential Financial Inc. boosted its position in shares of CNO Financial Group by 328.5% in the first quarter. Prudential Financial Inc. now owns 513,414 shares of the company’s stock worth $9,200,000 after buying an additional 393,600 shares during the last quarter. 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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