CNO Financial Group, Inc. (NYSE:CNO) Given Average Recommendation of “Hold” by Brokerages

Shares of CNO Financial Group, Inc. (NYSE:CNO) have been given an average rating of “Hold” by the six research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $41.00.

Separately, Piper Sandler boosted their target price on shares of CNO Financial Group from $46.00 to $49.00 and gave the stock an “overweight” rating in a report on Wednesday, April 2nd.

CNO Financial Group Stock Down 2.2%

Shares of CNO opened at $37.86 on Friday. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 1.59. The firm has a fifty day moving average price of $37.99 and a 200-day moving average price of $38.77. The firm has a market capitalization of $3.75 billion, a P/E ratio of 13.24 and a beta of 0.87. CNO Financial Group has a 12-month low of $27.60 and a 12-month high of $43.20.

CNO Financial Group (NYSE:CNO) last released its quarterly earnings data on Monday, April 28th. The financial services provider reported $0.79 earnings per share for the quarter, meeting the consensus estimate of $0.79. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $975.80 million. CNO Financial Group had a return on equity of 17.86% and a net margin of 7.11%. The firm’s quarterly revenue was down 13.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.52 earnings per share. Equities research analysts expect that CNO Financial Group will post 3.83 earnings per share for the current year.

CNO Financial Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $0.68 annualized dividend and a dividend yield of 1.80%. This is an increase from CNO Financial Group’s previous quarterly dividend of $0.16. CNO Financial Group’s dividend payout ratio is 23.78%.

Institutional Investors Weigh In On CNO Financial Group

A number of large investors have recently bought and sold shares of the company. First Financial Bank Trust Division boosted its position in CNO Financial Group by 35.3% in the 2nd quarter. First Financial Bank Trust Division now owns 16,763 shares of the financial services provider’s stock worth $647,000 after purchasing an additional 4,378 shares in the last quarter. Inspire Investing LLC acquired a new position in CNO Financial Group in the 1st quarter valued at $783,000. Invst LLC acquired a new position in CNO Financial Group in the 1st quarter valued at $677,000. Strs Ohio acquired a new stake in shares of CNO Financial Group in the 1st quarter worth $1,237,000. Finally, Acadian Asset Management LLC acquired a new stake in shares of CNO Financial Group in the 1st quarter worth $675,000. Hedge funds and other institutional investors 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.