CNO Financial Group (NYSE:CNO)‘s stock had its “hold” rating reissued by stock analysts at Keefe, Bruyette & Woods in a report released on Thursday. They presently have a $21.00 price objective on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 23.02% from the stock’s current price.
CNO has been the topic of several other research reports. TheStreet cut shares of CNO Financial Group from a “b” rating to a “c” rating in a research note on Thursday, November 1st. ValuEngine lowered shares of CNO Financial Group from a “sell” rating to a “strong sell” rating in a research report on Friday, November 2nd. Evercore ISI upgraded shares of CNO Financial Group from an “in-line” rating to an “outperform” rating in a research report on Wednesday, January 9th. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered shares of CNO Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, January 15th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $21.50.
CNO Financial Group stock opened at $17.07 on Thursday. The stock has a market cap of $2.93 billion, a price-to-earnings ratio of 8.45 and a beta of 1.36. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.26 and a current ratio of 0.26. CNO Financial Group has a 52 week low of $13.64 and a 52 week high of $23.84.
CNO Financial Group (NYSE:CNO) last released its earnings results on Tuesday, February 12th. The financial services provider reported $0.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.14). The company had revenue of $778.20 million for the quarter, compared to analyst estimates of $981.90 million. CNO Financial Group had a negative net margin of 8.95% and a positive return on equity of 7.89%. The firm’s quarterly revenue was down 28.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.51 EPS. As a group, research analysts forecast that CNO Financial Group will post 1.98 earnings per share for the current year.
In other CNO Financial Group news, Director Stephen N. David acquired 3,000 shares of CNO Financial Group stock in a transaction dated Wednesday, December 26th. The stock was bought at an average price of $13.85 per share, for a total transaction of $41,550.00. Following the transaction, the director now owns 23,206 shares in the company, valued at approximately $321,403.10. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.30% of the company’s stock.
Several large investors have recently bought and sold shares of the company. JOYN Advisors Inc. boosted its holdings in shares of CNO Financial Group by 447.9% in the fourth quarter. JOYN Advisors Inc. now owns 1,967 shares of the financial services provider’s stock worth $29,000 after buying an additional 1,608 shares during the period. Advisors Preferred LLC acquired a new position in shares of CNO Financial Group in the fourth quarter worth about $64,000. Tower Research Capital LLC TRC boosted its holdings in shares of CNO Financial Group by 1,236.4% in the third quarter. Tower Research Capital LLC TRC now owns 8,967 shares of the financial services provider’s stock worth $190,000 after buying an additional 8,296 shares during the period. Quantamental Technologies LLC acquired a new position in shares of CNO Financial Group in the fourth quarter worth about $139,000. Finally, US Bancorp DE boosted its holdings in shares of CNO Financial Group by 30.4% in the third quarter. US Bancorp DE now owns 11,685 shares of the financial services provider’s stock worth $248,000 after buying an additional 2,722 shares during the period. Institutional investors own 94.17% 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, and other insurance products for senior and middle-income markets in the United States. It operates through Bankers Life, Washington National, Colonial Penn, and Long-Term Care in Run Off segments.
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