CNO Financial Group Inc. (CNO) Given Average Rating of “Hold” by Analysts
CNO Financial Group Inc. (NYSE:CNO) has been given an average recommendation of “Hold” by the eleven ratings firms that are covering the firm. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $18.69.
Several brokerages have commented on CNO. Zacks Investment Research lowered CNO Financial Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday. BTIG Research lowered CNO Financial Group from a “buy” rating to a “neutral” rating in a research note on Friday, September 30th. Keefe, Bruyette & Woods set a $17.00 price target on CNO Financial Group and gave the stock a “hold” rating in a research note on Monday, October 3rd. Wells Fargo & Co. assumed coverage on CNO Financial Group in a research note on Thursday, September 22nd. They set an “outperform” rating for the company. Finally, Goldman Sachs Group Inc. downgraded CNO Financial Group from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $21.00 to $17.00 in a research report on Friday, September 30th.
CNO Financial Group (NYSE:CNO) traded down 0.17% on Tuesday, reaching $17.76. The company’s stock had a trading volume of 366,168 shares. The firm’s 50 day moving average price is $16.27 and its 200-day moving average price is $16.94. The company has a market capitalization of $3.08 billion, a price-to-earnings ratio of 12.37 and a beta of 1.19. CNO Financial Group has a 52 week low of $14.30 and a 52 week high of $20.88.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 23rd. Investors of record on Friday, December 9th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Wednesday, December 7th. CNO Financial Group’s dividend payout ratio is currently 22.54%.
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In related news, EVP Susan L. Menzel sold 79,500 shares of the stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $17.50, for a total value of $1,391,250.00. Following the completion of the transaction, the executive vice president now owns 1,960 shares of the company’s stock, valued at $34,300. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.20% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. UBS Group AG boosted its stake in shares of 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 last quarter. Seven Eight Capital LLC purchased a new stake in shares of CNO Financial Group during the first quarter valued at about $102,000. BNP Paribas Arbitrage SA boosted its stake in shares of CNO Financial Group by 66,979.9% in the second quarter. BNP Paribas Arbitrage SA now owns 93,241 shares of the company’s stock valued at $1,628,000 after buying an additional 93,102 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of CNO Financial Group during the second quarter valued at about $264,000. Finally, LS Investment Advisors LLC boosted its stake in shares of CNO Financial Group by 74.4% in the second quarter. LS Investment Advisors LLC now owns 10,740 shares of the company’s stock valued at $188,000 after buying an additional 4,580 shares during the last quarter. 96.91% of the stock is owned by hedge funds and other institutional investors.
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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