Analysts Set CNO Financial Group, Inc. (CNO) Target Price at $21.71
CNO Financial Group, Inc. (NYSE:CNO) has received an average rating of “Hold” from the twelve analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $21.71.
Several research analysts recently commented on CNO shares. BidaskClub raised shares of CNO Financial Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 2nd. Zacks Investment Research downgraded shares of CNO Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Morgan Stanley downgraded shares of CNO Financial Group from an “equal weight” rating to an “underweight” rating and set a $21.00 price target on the stock. in a research note on Monday, August 14th. They noted that the move was a valuation call. Goldman Sachs Group, Inc. (The) started coverage on shares of CNO Financial Group in a research note on Wednesday, October 18th. They issued a “neutral” rating and a $24.00 price target on the stock. Finally, Wells Fargo & Company set a $22.00 price target on shares of CNO Financial Group and gave the stock a “hold” rating in a research note on Wednesday, October 25th.
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Large investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of CNO Financial Group by 9.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,976 shares of the financial services provider’s stock valued at $146,000 after buying an additional 622 shares in the last quarter. Riverhead Capital Management LLC boosted its holdings in shares of CNO Financial Group by 71.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 9,252 shares of the financial services provider’s stock valued at $193,000 after buying an additional 3,852 shares in the last quarter. Trexquant Investment LP acquired a new stake in CNO Financial Group in the 2nd quarter worth approximately $202,000. New York State Teachers Retirement System boosted its stake in CNO Financial Group by 197.6% in the 1st quarter. New York State Teachers Retirement System now owns 12,200 shares of the financial services provider’s stock worth $250,000 after purchasing an additional 8,100 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in CNO Financial Group in the 3rd quarter worth approximately $292,000. Institutional investors and hedge funds own 92.56% of the company’s stock.
CNO Financial Group (NYSE:CNO) last announced its earnings results on Wednesday, October 25th. The financial services provider reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.06. CNO Financial Group had a net margin of 11.41% and a return on equity of 5.88%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the prior year, the firm posted $0.37 earnings per share. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. sell-side analysts forecast that CNO Financial Group will post 1.65 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 26th. Stockholders of record on Monday, December 11th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Friday, December 8th. CNO Financial Group’s dividend payout ratio is currently 13.00%.
About CNO Financial Group
CNO Financial Group, Inc is a holding company for a group of insurance companies operating throughout the United States that develops, markets and administers health insurance, annuity, individual life insurance and other insurance products. The Company’s segments include Bankers Life, Washington National and Colonial Penn.
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