CNO Financial Group (NYSE:CNO) Now Covered by Analysts at BMO Capital Markets

Research analysts at BMO Capital Markets assumed coverage on shares of CNO Financial Group (NYSE:CNO) in a research report issued to clients and investors on Thursday,Briefing.com Automated Import reports. The brokerage set a “market perform” rating and a $38.00 price target on the financial services provider’s stock. BMO Capital Markets’ price target would indicate a potential downside of 2.80% from the company’s previous close.

Several other research analysts also recently commented on CNO. Jefferies Financial Group boosted their price objective on shares of CNO Financial Group from $36.00 to $41.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. Piper Sandler lifted their price objective on CNO Financial Group from $42.00 to $44.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Finally, Royal Bank of Canada raised their price target on shares of CNO Financial Group from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $37.17.

CNO Financial Group Price Performance

CNO Financial Group stock opened at $39.09 on Thursday. The company has a market capitalization of $4.03 billion, a price-to-earnings ratio of 15.76 and a beta of 1.04. The stock’s 50 day moving average is $38.20 and its 200-day moving average is $35.24. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 1.50. CNO Financial Group has a 12 month low of $24.92 and a 12 month high of $40.91.

CNO Financial Group (NYSE:CNO) last posted its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.29. CNO Financial Group had a net margin of 6.06% and a return on equity of 17.53%. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $945.44 million. During the same quarter in the previous year, the firm posted $0.88 EPS. The business’s revenue for the quarter was up 19.2% compared to the same quarter last year. Equities research analysts expect that CNO Financial Group will post 3.73 EPS for the current year.

Insider Buying and Selling

In other news, CIO Eric R. Johnson sold 3,978 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $39.09, for a total transaction of $155,500.02. Following the completion of the transaction, the executive now directly owns 631,844 shares of the company’s stock, valued at approximately $24,698,781.96. This represents a 0.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CMO Rocco F. Tarasi III sold 1,484 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $38.02, for a total value of $56,421.68. Following the completion of the sale, the chief marketing officer now directly owns 79,896 shares in the company, valued at $3,037,645.92. The trade was a 1.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,745 shares of company stock valued at $572,467. Corporate insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On CNO Financial Group

Several hedge funds and other institutional investors have recently modified their holdings of CNO. Principal Financial Group Inc. boosted its stake in shares of CNO Financial Group by 6.0% in the 3rd quarter. Principal Financial Group Inc. now owns 1,899,599 shares of the financial services provider’s stock worth $66,676,000 after buying an additional 107,589 shares during the last quarter. BNP Paribas Financial Markets grew its position in CNO Financial Group by 69.8% during the third quarter. BNP Paribas Financial Markets now owns 39,946 shares of the financial services provider’s stock valued at $1,402,000 after buying an additional 16,420 shares during the period. Barclays PLC increased its holdings in CNO Financial Group by 113.7% during the third quarter. Barclays PLC now owns 219,141 shares of the financial services provider’s stock valued at $7,691,000 after buying an additional 116,617 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in CNO Financial Group in the third quarter worth approximately $227,000. Finally, FMR LLC boosted its stake in shares of CNO Financial Group by 28.8% during the 3rd quarter. FMR LLC now owns 1,040,619 shares of the financial services provider’s stock worth $36,526,000 after acquiring an additional 232,631 shares during the last quarter. Hedge funds and other institutional investors own 95.43% of the company’s stock.

CNO Financial Group Company Profile

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.