CNO Financial Group (NYSE:CNO – Get a rating)The stock had its “buy” rating reiterated by equity researchers B. Riley in a research report released Friday, Zacks.com reports.
CNO has been the subject of several other reports. Piper Sandler downgraded CNO Financial Group from an “overweight” rating to a “neutral” rating and lowered its price target for the company from $29.00 to $27.00 in a Wednesday, Jan. 5 research note. Morgan Stanley raised its price target on CNO Financial Group from $27.00 to $28.00 and gave the stock an “equal weight” rating in a Friday, Jan. 7 report. Zacks Investment Research upgraded CNO Financial Group from a “hold” rating to a “buy” rating and set a price target of $24.00 on the stock in a Tuesday, December 21 report. Finally, Jefferies Financial Group assumed coverage from CNO Financial Group in a report on Tuesday, January 25. They issued a “hold” rating and a price target of $25.00 on the stock. Three analysts gave the stock a hold rating and two gave the company a buy rating. Based on data from MarketBeat.com, CNO Financial Group currently has an average rating of “Hold” and a consensus price target of $26.50.
NYSE: CNO opened at $22.79 on Friday. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt ratio of 0.54. CNO Financial Group has a 12-month low of $21.88 and a 12-month high of $27.89. The stock has a 50-day moving average price of $24.88 and a 200-day moving average price of $24.49. The stock has a market capitalization of $2.70 billion, a P/E ratio of 6.78 and a beta of 1.25.
CNO Financial Group (NYSE:CNO – Get Rating) last released its results on Tuesday, February 8. The financial services provider reported earnings per share (EPS) of $0.87 for the quarter, beating the consensus estimate of $0.60 by $0.27. CNO Financial Group achieved a return on equity of 7.07% and a net margin of 10.70%. The company posted revenue of $1.07 billion in the quarter, compared to $906.40 million expected by analysts. In the same quarter last year, the company posted earnings per share of $0.57. The company’s revenue was down 0.1% year over year. On average, research analysts expect CNO Financial Group to post 2.4 earnings per share for the current fiscal year.
Hedge funds have recently changed their holdings in the company. Barclays PLC increased its position in CNO Financial Group shares by 32.5% in the fourth quarter. Barclays PLC now owns 190,987 shares of the financial services provider valued at $4,554,000 after buying a further 46,834 shares last quarter. Vident Investment Advisory LLC increased its stake in CNO Financial Group by 4.6% during the fourth quarter. Vident Investment Advisory LLC now owns 29,237 shares of the financial services provider worth $697,000 after buying 1,293 additional shares in the last quarter. Comerica Bank increased its stake in CNO Financial Group shares by 1.2% in the fourth quarter. Comerica Bank now owns 109,456 shares of the financial services provider valued at $2,742,000 after acquiring an additional 1,306 shares last quarter. NewEdge Advisors LLC acquired a new stake in shares of CNO Financial Group in the fourth quarter at a value of $707,000. Finally, Goldman Sachs Group Inc. increased its stake in CNO Financial Group shares by 17.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,091,418 shares of the financial services provider valued at $73,699,000 after acquiring an additional 451,825 shares last quarter. 95.55% of the shares are held by institutional investors and hedge funds.
CNO Financial Group Company Profile (Get an assessment)
CNO Financial Group, Inc. is an insurance holding company engaged in the development, marketing and administration of health insurance, annuity, individual life insurance and other insurance products. It operates through the following segments: Bankers Life, Washington National and Colonial Penn. The Bankers Life segment markets and distributes supplemental Medicare insurance, interest rate sensitive life insurance, traditional life insurance, fixed annuities and long-term care insurance products to the middle-income senior market through of a dedicated field force of career agents and sales managers supported by a network of community sales offices.
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