CNO Financial Group (NYSE:CNO) Earns “Overweight” Rating from Piper Sandler

CNO Financial Group (NYSE:CNO)‘s stock had its “overweight” rating reaffirmed by Piper Sandler in a research report issued to clients and investors on Monday,Benzinga reports. They presently have a $46.00 price objective on the financial services provider’s stock, up from their previous price objective of $44.00. Piper Sandler’s target price would indicate a potential upside of 12.18% from the stock’s current price.

Other analysts also recently issued research reports about the stock. BMO Capital Markets initiated coverage on shares of CNO Financial Group in a research report on Thursday, January 23rd. They issued a “market perform” rating and a $38.00 price target for the company. Jefferies Financial Group upped their price objective on shares of CNO Financial Group from $36.00 to $41.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. Finally, Royal Bank of Canada upped their price objective on shares of CNO Financial Group from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $37.50.

CNO Financial Group Stock Down 0.2 %

Shares of CNO Financial Group stock traded down $0.08 during trading hours on Monday, hitting $41.01. The company had a trading volume of 45,375 shares, compared to its average volume of 473,160. The company’s 50-day moving average is $38.24 and its two-hundred day moving average is $36.15. CNO Financial Group has a twelve month low of $24.92 and a twelve month high of $41.54. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.19 and a quick ratio of 0.19. The company has a market cap of $4.23 billion, a P/E ratio of 10.98 and a beta of 1.04.

CNO Financial Group (NYSE:CNO) last released its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.31 EPS for the quarter, beating the consensus estimate of $1.06 by $0.25. CNO Financial Group had a net margin of 9.08% and a return on equity of 17.21%. Analysts anticipate that CNO Financial Group will post 3.79 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CIO Eric R. Johnson sold 3,978 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $39.09, for a total value of $155,500.02. Following the transaction, the executive now owns 631,844 shares in the company, valued at approximately $24,698,781.96. This trade represents a 0.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CMO Rocco F. Tarasi III sold 1,484 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $38.02, for a total transaction of $56,421.68. Following the completion of the transaction, the chief marketing officer now owns 79,896 shares in the company, valued at $3,037,645.92. The trade was a 1.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,962 shares of company stock valued at $380,717 in the last ninety days. Insiders own 3.00% of the company’s stock.

Institutional Trading of CNO Financial Group

Hedge funds have recently made changes to their positions in the company. Jones Financial Companies Lllp grew its position in shares of CNO Financial Group by 368.2% during the fourth quarter. Jones Financial Companies Lllp now owns 796 shares of the financial services provider’s stock worth $30,000 after buying an additional 626 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of CNO Financial Group by 95.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 855 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 417 shares during the period. Principal Securities Inc. boosted its holdings in shares of CNO Financial Group by 51.6% during the fourth quarter. Principal Securities Inc. now owns 955 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 325 shares during the period. Sound Income Strategies LLC acquired a new position in shares of CNO Financial Group during the fourth quarter valued at $54,000. Finally, CWM LLC boosted its holdings in shares of CNO Financial Group by 53.0% during the third quarter. CWM LLC now owns 1,750 shares of the financial services provider’s stock valued at $61,000 after acquiring an additional 606 shares during the period. 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.