Keefe, Bruyette & Woods Reiterates Hold Rating for CNO Financial Group (CNO)
CNO Financial Group (NYSE:CNO)‘s stock had its “hold” rating reaffirmed by equities research analysts at Keefe, Bruyette & Woods in a research report issued to clients and investors on Thursday. They presently have a $24.00 target price on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential downside of 1.96% from the company’s current price.
Other equities analysts have also issued reports about the stock. B. Riley reissued a “buy” rating on shares of CNO Financial Group in a report on Monday, November 6th. Zacks Investment Research lowered shares of CNO Financial Group from a “buy” rating to a “hold” rating in a report on Monday, October 9th. Wells Fargo & Company set a $22.00 price objective on shares of CNO Financial Group and gave the company a “hold” rating in a report on Wednesday, October 25th. Finally, Goldman Sachs Group initiated coverage on shares of CNO Financial Group in a report on Wednesday, October 18th. They issued a “neutral” rating and a $24.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $22.50.
CNO Financial Group (CNO) opened at $24.48 on Thursday. The stock has a market cap of $4,108.50, a P/E ratio of 15.40, a P/E/G ratio of 1.48 and a beta of 1.20. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.16 and a current ratio of 0.16. CNO Financial Group has a 1-year low of $18.53 and a 1-year high of $25.83.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in CNO Financial Group by 9.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,976 shares of the financial services provider’s stock worth $146,000 after purchasing an additional 622 shares during the last quarter. Riverhead Capital Management LLC lifted its stake in shares of CNO Financial Group by 71.3% during the second quarter. Riverhead Capital Management LLC now owns 9,252 shares of the financial services provider’s stock worth $193,000 after buying an additional 3,852 shares during the period. Trexquant Investment LP acquired a new stake in shares of CNO Financial Group during the second quarter worth $202,000. Zweig DiMenna Associates LLC acquired a new stake in shares of CNO Financial Group during the second quarter worth $280,000. Finally, Teacher Retirement System of Texas lifted its stake in shares of CNO Financial Group by 1.0% during the second quarter. Teacher Retirement System of Texas now owns 13,956 shares of the financial services provider’s stock worth $291,000 after buying an additional 135 shares during the period. 95.13% of the stock is currently owned by institutional investors and hedge funds.
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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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