Shares of CNO Financial Group Inc (NYSE:CNO) have received a consensus rating of “Hold” from the nine research firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $24.00.
Several equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of CNO Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, April 17th. Wells Fargo & Co set a $23.00 price objective on shares of CNO Financial Group and gave the company a “hold” rating in a report on Wednesday, April 25th. William Blair assumed coverage on shares of CNO Financial Group in a report on Monday, March 12th. They issued an “outperform” rating on the stock. ValuEngine lowered shares of CNO Financial Group from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Finally, Morgan Stanley upgraded shares of CNO Financial Group from an “underweight” rating to an “equal weight” rating in a report on Thursday, May 17th.
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Shares of CNO Financial Group traded up $0.02, reaching $19.45, during trading hours on Monday, Marketbeat reports. 705,258 shares of the company were exchanged, compared to its average volume of 979,554. CNO Financial Group has a fifty-two week low of $18.65 and a fifty-two week high of $26.47. The firm has a market capitalization of $3.25 billion, a price-to-earnings ratio of 9.63 and a beta of 1.15. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.55.
CNO Financial Group (NYSE:CNO) last announced its quarterly earnings data on Wednesday, April 25th. The financial services provider reported $0.44 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.44. CNO Financial Group had a net margin of 4.67% and a return on equity of 6.92%. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.01 billion. equities research analysts forecast that CNO Financial Group will post 2.03 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 25th. Investors of record on Monday, June 11th were issued a $0.10 dividend. This is a positive change from CNO Financial Group’s previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend was Friday, June 8th. CNO Financial Group’s dividend payout ratio is currently 19.80%.
Institutional investors and hedge funds have recently bought and sold shares of the business. DekaBank Deutsche Girozentrale acquired a new stake in CNO Financial Group in the first quarter worth $171,000. Point72 Asia Hong Kong Ltd acquired a new stake in CNO Financial Group in the first quarter worth $196,000. Quantbot Technologies LP raised its holdings in CNO Financial Group by 94.1% in the first quarter. Quantbot Technologies LP now owns 10,669 shares of the financial services provider’s stock worth $231,000 after purchasing an additional 5,171 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in CNO Financial Group in the first quarter worth $239,000. Finally, Element Capital Management LLC acquired a new stake in CNO Financial Group in the first quarter worth $259,000. Institutional investors own 94.70% 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.