CNO Financial Group Inc. (CNO) Given a $16.00 Price Target by Deutsche Bank AG Analysts
CNO has been the topic of a number of other research reports. Morgan Stanley restated a hold rating and set a $19.00 price target on shares of CNO Financial Group in a report on Thursday, July 28th. BTIG Research downgraded CNO Financial Group from a buy rating to a neutral rating in a report on Friday. Citigroup Inc. reduced their price target on CNO Financial Group from $21.00 to $20.00 and set a buy rating on the stock in a report on Thursday, July 7th. Zacks Investment Research upgraded CNO Financial Group from a hold rating to a buy rating and set a $18.00 price target on the stock in a report on Tuesday, September 6th. Finally, Evercore ISI assumed coverage on CNO Financial Group in a report on Wednesday, July 6th. They set a hold rating and a $19.00 price target on the stock. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. CNO Financial Group has a consensus rating of Hold and an average target price of $19.05.
CNO Financial Group (NYSE:CNO) opened at 15.27 on Friday. The stock has a 50 day moving average price of $15.70 and a 200-day moving average price of $17.61. CNO Financial Group has a 12-month low of $14.30 and a 12-month high of $20.88. The company has a market cap of $2.67 billion, a price-to-earnings ratio of 10.26 and a beta of 1.23.
CNO Financial Group (NYSE:CNO) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.35 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.35. CNO Financial Group had a return on equity of 5.68% and a net margin of 7.20%. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $961.56 million. During the same quarter in the previous year, the business earned $0.34 EPS. CNO Financial Group’s revenue was up 4.6% compared to the same quarter last year. On average, analysts predict that CNO Financial Group will post $1.35 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Friday, September 9th were given a $0.08 dividend. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $0.32 annualized dividend and a yield of 2.10%. CNO Financial Group’s dividend payout ratio (DPR) is presently 21.48%.
A number of institutional investors have recently added to or reduced their stakes in the stock. HBK Investments L P acquired a new position in CNO Financial Group during the first quarter valued at about $272,000. Geode Capital Management LLC boosted its position in CNO Financial Group by 2.8% in the first quarter. Geode Capital Management LLC now owns 1,196,601 shares of the company’s stock valued at $21,443,000 after buying an additional 32,766 shares during the period. UBS Group AG boosted its position in CNO Financial Group by 226.3% in the first quarter. UBS Group AG now owns 39,318 shares of the company’s stock valued at $704,000 after buying an additional 27,269 shares during the period. Meeder Asset Management Inc. acquired a new position in CNO Financial Group during the first quarter valued at about $236,000. Finally, Menta Capital LLC acquired a new position in CNO Financial Group during the first quarter valued at about $568,000. 97.67% of the stock is currently owned by institutional investors and hedge funds.
CNO Financial Group Company Profile
CNO Financial Group, Inc is a holding company for a group of insurance companies operating across the United States that develop, market and administer health insurance, annuity, individual life insurance and other insurance products. It operates through three operating segments: Bankers Life, Washington National and Colonial Penn.
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