CNO Financial Group (NYSE:CNO) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of CNO Financial Group (NYSE:CNO) from a hold rating to a buy rating in a report released on Saturday morning.

A number of other research firms have also commented on CNO. Keefe, Bruyette & Woods raised their price target on CNO Financial Group from $44.00 to $45.00 and gave the stock a “market perform” rating in a research report on Thursday, October 9th. Weiss Ratings restated a “buy (b)” rating on shares of CNO Financial Group in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $43.60.

CNO Financial Group Trading Up 1.7%

Shares of NYSE CNO opened at $41.19 on Friday. CNO Financial Group has a twelve month low of $34.63 and a twelve month high of $43.20. The stock has a market cap of $3.99 billion, a price-to-earnings ratio of 15.20 and a beta of 0.94. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 1.50. The company’s fifty day moving average is $39.67 and its 200-day moving average is $38.45.

CNO Financial Group (NYSE:CNO) last released its quarterly earnings data on Friday, May 19th. The financial services provider reported $0.84 EPS for the quarter. The business had revenue of $968.30 million during the quarter. CNO Financial Group had a net margin of 6.41% and a return on equity of 16.63%. Equities research analysts predict that CNO Financial Group will post 3.83 EPS for the current year.

Hedge Funds Weigh In On CNO Financial Group

Large investors have recently bought and sold shares of the company. Neo Ivy Capital Management acquired a new stake in shares of CNO Financial Group in the first quarter valued at approximately $28,000. Smartleaf Asset Management LLC lifted its position in CNO Financial Group by 353.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 743 shares of the financial services provider’s stock worth $29,000 after buying an additional 579 shares in the last quarter. First Horizon Corp acquired a new position in shares of CNO Financial Group during the 3rd quarter worth about $32,000. Turning Point Benefit Group Inc. bought a new position in shares of CNO Financial Group in the 2nd quarter valued at about $32,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of CNO Financial Group by 123.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,176 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 649 shares in the last quarter. Institutional investors and hedge funds 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.