CNO Financial Group (NYSE:CNO) Sets New 1-Year High – Here’s What Happened

Shares of CNO Financial Group, Inc. (NYSE:CNO) reached a new 52-week high during trading on Monday . The stock traded as high as $40.16 and last traded at $40.08, with a volume of 39882 shares trading hands. The stock had previously closed at $38.82.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CNO. Royal Bank of Canada raised their target price 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. Piper Sandler raised their target price on shares of CNO Financial Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Finally, Evercore ISI raised their target price on shares of CNO Financial Group from $27.00 to $29.00 and gave the stock an “underperform” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, CNO Financial Group has an average rating of “Hold” and an average target price of $34.50.

CNO Financial Group Stock Down 1.1 %

The business’s fifty day moving average is $35.09 and its two-hundred day moving average is $31.54. The company has a market cap of $4.08 billion, a P/E ratio of 15.95 and a beta of 1.01. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.19 and a current ratio of 0.19.

CNO Financial Group (NYSE:CNO) last announced its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.29. CNO Financial Group had a net margin of 6.06% and a return on equity of 17.53%. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $945.44 million. During the same quarter last year, the business posted $0.88 EPS. The firm’s revenue for the quarter was up 19.2% on a year-over-year basis. Equities analysts predict that CNO Financial Group, Inc. will post 3.63 EPS for the current year.

Insider Buying and Selling at CNO Financial Group

In other CNO Financial Group news, insider Jeremy David Williams sold 4,783 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $40.09, for a total transaction of $191,750.47. Following the transaction, the insider now owns 62,121 shares of the company’s stock, valued at approximately $2,490,430.89. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Jeanne L. Linnenbringer sold 5,364 shares of CNO Financial Group stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $34.88, for a total value of $187,096.32. Following the transaction, the insider now owns 44,884 shares of the company’s stock, valued at $1,565,553.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeremy David Williams sold 4,783 shares of CNO Financial Group stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $40.09, for a total transaction of $191,750.47. Following the completion of the transaction, the insider now directly owns 62,121 shares in the company, valued at approximately $2,490,430.89. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,582 shares of company stock valued at $565,050. Company insiders own 3.21% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Algert Global LLC grew its position in CNO Financial Group by 55.0% during the 3rd quarter. Algert Global LLC now owns 148,401 shares of the financial services provider’s stock worth $5,209,000 after purchasing an additional 52,659 shares during the last quarter. Cerity Partners LLC grew its position in CNO Financial Group by 53.1% during the 3rd quarter. Cerity Partners LLC now owns 12,040 shares of the financial services provider’s stock worth $423,000 after purchasing an additional 4,178 shares during the last quarter. Citigroup Inc. grew its position in CNO Financial Group by 78.0% during the 3rd quarter. Citigroup Inc. now owns 129,925 shares of the financial services provider’s stock worth $4,560,000 after purchasing an additional 56,932 shares during the last quarter. Intech Investment Management LLC grew its position in CNO Financial Group by 52.5% during the 3rd quarter. Intech Investment Management LLC now owns 25,621 shares of the financial services provider’s stock worth $899,000 after purchasing an additional 8,815 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board purchased a new stake in CNO Financial Group during the 3rd quarter worth approximately $227,000. Hedge funds and other 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.