Brokerages Set CNO Financial Group, Inc. (NYSE:CNO) Price Target at $37.17

CNO Financial Group, Inc. (NYSE:CNO) has been assigned a consensus recommendation of “Hold” from the six ratings firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $37.17.

A number of brokerages recently issued reports on CNO. BMO Capital Markets began coverage on shares of CNO Financial Group in a research report on Thursday, January 23rd. They set a “market perform” rating and a $38.00 target price for the company. Piper Sandler increased their target price on shares of CNO Financial Group from $42.00 to $44.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Royal Bank of Canada increased their price objective on shares of CNO Financial Group from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Finally, Jefferies Financial Group increased their price objective on shares of CNO Financial Group from $36.00 to $41.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th.

CNO Financial Group Trading Up 0.0 %

Shares of CNO Financial Group stock opened at $39.40 on Wednesday. The stock has a market capitalization of $4.07 billion, a P/E ratio of 15.89 and a beta of 1.04. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 1.50. The company has a 50-day simple moving average of $38.22 and a 200 day simple moving average of $35.94. CNO Financial Group has a 12-month low of $24.92 and a 12-month high of $40.91.

CNO Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 10th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.62%. The ex-dividend date was Tuesday, December 10th. CNO Financial Group’s dividend payout ratio (DPR) is presently 25.81%.

Insider Activity

In other news, CMO Rocco F. Tarasi III sold 4,500 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $37.51, for a total value of $168,795.00. Following the transaction, the chief marketing officer now owns 72,896 shares of the company’s stock, valued at approximately $2,734,328.96. This trade represents a 5.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CIO Eric R. Johnson sold 3,978 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $39.09, for a total transaction of $155,500.02. Following the completion of the transaction, the executive now directly owns 631,844 shares in the company, valued at $24,698,781.96. This trade represents a 0.63 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,745 shares of company stock valued at $572,467. 3.21% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CNO. Renaissance Technologies LLC bought a new position in CNO Financial Group during the 2nd quarter worth approximately $765,000. Sei Investments Co. boosted its stake in CNO Financial Group by 12.2% during the 2nd quarter. Sei Investments Co. now owns 133,955 shares of the financial services provider’s stock worth $3,713,000 after acquiring an additional 14,591 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in CNO Financial Group by 255.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 97,336 shares of the financial services provider’s stock worth $2,698,000 after acquiring an additional 69,921 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new position in CNO Financial Group during the 2nd quarter worth approximately $208,000. Finally, Algert Global LLC raised its holdings in CNO Financial Group by 62.8% during the 2nd quarter. Algert Global LLC now owns 95,742 shares of the financial services provider’s stock worth $2,654,000 after buying an additional 36,924 shares during the period. 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.