CNO Financial Group (NYSE:CNO) Earns “Overweight” Rating from Piper Sandler

CNO Financial Group (NYSE:CNO)‘s stock had its “overweight” rating reaffirmed by investment analysts at Piper Sandler in a report issued on Monday,Benzinga reports. They currently have a $46.00 price objective on the financial services provider’s stock, up from their prior price objective of $44.00. Piper Sandler’s price target suggests a potential upside of 12.18% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Royal Bank of Canada boosted their target price on CNO Financial Group from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Jefferies Financial Group upped their price target on CNO Financial Group from $36.00 to $41.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. Finally, BMO Capital Markets started coverage on CNO Financial Group in a research note on Thursday, January 23rd. They issued a “market perform” rating and a $38.00 target price for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $37.50.

CNO Financial Group Trading Down 0.2 %

NYSE CNO traded down $0.08 on Monday, hitting $41.01. 45,375 shares of the company were exchanged, compared to its average volume of 473,160. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.19 and a quick ratio of 0.19. CNO Financial Group has a twelve month low of $24.92 and a twelve month high of $41.54. The company’s 50 day moving average price is $38.24 and its 200-day moving average price is $36.15. The firm has a market capitalization of $4.23 billion, a P/E ratio of 10.98 and a beta of 1.04.

CNO Financial Group (NYSE:CNO) last released its earnings results on Thursday, February 6th. The financial services provider reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.25. CNO Financial Group had a return on equity of 17.21% and a net margin of 9.08%. Analysts predict that CNO Financial Group will post 3.79 earnings per share for the current fiscal year.

Insider Activity at CNO Financial Group

In other CNO Financial Group news, CIO Eric R. Johnson sold 3,978 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $39.09, for a total value of $155,500.02. Following the transaction, the executive now owns 631,844 shares of the company’s stock, valued at approximately $24,698,781.96. This represents a 0.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CMO Rocco F. Tarasi III sold 4,500 shares of the 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 completion of the transaction, the chief marketing officer now directly owns 72,896 shares in the company, valued at $2,734,328.96. The trade was a 5.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,962 shares of company stock worth $380,717 over the last 90 days. Insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On CNO Financial Group

Hedge funds have recently modified their holdings of the business. Jones Financial Companies Lllp raised its position in shares of CNO Financial Group by 368.2% during the fourth quarter. Jones Financial Companies Lllp now owns 796 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 626 shares during the period. Smartleaf Asset Management LLC raised its position in shares of CNO Financial Group by 95.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 855 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 417 shares during the period. Principal Securities Inc. raised its position in shares of CNO Financial Group by 51.6% during the fourth quarter. Principal Securities Inc. now owns 955 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 325 shares during the period. Sound Income Strategies LLC bought a new stake in CNO Financial Group in the 4th quarter valued at approximately $54,000. Finally, CWM LLC increased its position in shares of CNO Financial Group by 53.0% during the 3rd quarter. CWM LLC now owns 1,750 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 606 shares during the last quarter. Institutional investors and hedge funds own 95.43% of the company’s stock.

About CNO Financial Group

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.