CNO Financial Group Inc (CNO) Receives $21.71 Consensus Price Target from Brokerages
CNO Financial Group Inc (NYSE:CNO) has been assigned a consensus rating of “Hold” from the twelve research firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $21.71.
A number of brokerages recently commented on CNO. B. Riley restated a “buy” rating on shares of CNO Financial Group in a report on Monday, November 6th. Wells Fargo & Company set a $22.00 target price on CNO Financial Group and gave the company a “hold” rating in a report on Wednesday, October 25th. Goldman Sachs Group began coverage on CNO Financial Group in a report on Wednesday, October 18th. They set a “neutral” rating and a $24.00 target price for the company. Finally, Zacks Investment Research downgraded CNO Financial Group from a “buy” rating to a “hold” rating in a report on Monday, October 9th.
Shares of CNO Financial Group (NYSE CNO) traded up $0.55 during trading on Thursday, hitting $24.81. The company had a trading volume of 2,874,055 shares, compared to its average volume of 708,130. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.16 and a current ratio of 0.16. The company has a market capitalization of $4,162.17, a P/E ratio of 15.60, a PEG ratio of 1.50 and a beta of 1.20. CNO Financial Group has a one year low of $18.53 and a one year high of $25.83.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 26th. Investors of record on Monday, December 11th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Friday, December 8th. This represents a $0.36 annualized dividend and a yield of 1.45%. CNO Financial Group’s payout ratio is 13.00%.
A number of hedge funds have recently modified their holdings of CNO. Strs Ohio grew its stake in CNO Financial Group by 14.6% in the second quarter. Strs Ohio now owns 29,100 shares of the financial services provider’s stock worth $607,000 after purchasing an additional 3,700 shares during the period. Great West Life Assurance Co. Can grew its stake in CNO Financial Group by 2.3% in the second quarter. Great West Life Assurance Co. Can now owns 106,430 shares of the financial services provider’s stock worth $2,220,000 after purchasing an additional 2,391 shares during the period. Sei Investments Co. grew its stake in CNO Financial Group by 55.9% in the second quarter. Sei Investments Co. now owns 89,383 shares of the financial services provider’s stock worth $1,866,000 after purchasing an additional 32,046 shares during the period. Trexquant Investment LP purchased a new stake in CNO Financial Group in the second quarter worth $202,000. Finally, Schwab Charles Investment Management Inc. grew its stake in CNO Financial Group by 1.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,191,718 shares of the financial services provider’s stock worth $24,884,000 after purchasing an additional 13,245 shares during the period. 95.57% of the stock is currently owned by institutional investors.
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CNO Financial Group Company Profile
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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