Shares of CNO Financial Group, Inc. (NYSE:CNO – Get Free Report) have received a consensus rating of “Hold” from the five brokerages that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $47.50.
A number of analysts recently commented on CNO shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of CNO Financial Group in a research note on Monday, April 20th. Wall Street Zen lowered CNO Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Keefe, Bruyette & Woods increased their price objective on CNO Financial Group from $46.00 to $50.00 and gave the company a “market perform” rating in a research note on Tuesday, May 5th. Finally, Evercore reaffirmed an “underperform” rating and set a $43.00 price objective on shares of CNO Financial Group in a research note on Wednesday, February 18th.
Read Our Latest Analysis on CNO
Insiders Place Their Bets
Hedge Funds Weigh In On CNO Financial Group
Several large investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. lifted its position in CNO Financial Group by 1.0% during the third quarter. Franklin Resources Inc. now owns 4,302,316 shares of the financial services provider’s stock worth $170,157,000 after buying an additional 42,467 shares during the period. American Century Companies Inc. lifted its position in CNO Financial Group by 3.8% during the third quarter. American Century Companies Inc. now owns 3,239,944 shares of the financial services provider’s stock worth $128,140,000 after buying an additional 118,417 shares during the period. Pzena Investment Management LLC lifted its position in CNO Financial Group by 0.3% during the first quarter. Pzena Investment Management LLC now owns 2,470,921 shares of the financial services provider’s stock worth $101,456,000 after buying an additional 8,053 shares during the period. Morgan Stanley lifted its position in CNO Financial Group by 20.5% during the fourth quarter. Morgan Stanley now owns 1,870,982 shares of the financial services provider’s stock worth $79,461,000 after buying an additional 317,690 shares during the period. Finally, Principal Financial Group Inc. lifted its position in CNO Financial Group by 8.3% during the first quarter. Principal Financial Group Inc. now owns 1,492,497 shares of the financial services provider’s stock worth $61,282,000 after buying an additional 114,000 shares during the period. 95.43% of the stock is currently owned by hedge funds and other institutional investors.
CNO Financial Group Trading Down 0.1%
Shares of CNO stock opened at $47.34 on Friday. CNO Financial Group has a fifty-two week low of $35.24 and a fifty-two week high of $47.95. The stock has a market cap of $4.42 billion, a P/E ratio of 19.01 and a beta of 0.82. The business has a fifty day simple moving average of $43.22 and a 200-day simple moving average of $42.33. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 1.61.
CNO Financial Group Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This is an increase from CNO Financial Group’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.5%. CNO Financial Group’s dividend payout ratio is 27.31%.
About CNO Financial Group
CNO Financial Group is an Indiana‐based holding company that offers a range of insurance and retirement solutions through its operating subsidiaries. Its primary business activities include life insurance, annuities, and supplemental health insurance products designed to help individuals plan for retirement and manage health‐related expenses. The company serves middle‐income Americans, with particular emphasis on senior customers seeking guaranteed coverage and reliable income streams.
Originally founded as Conseco in 1979, the company underwent a financial restructuring and rebranded as CNO Financial Group in 2010.
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