Piper Sandler Boosts CNO Financial Group (NYSE:CNO) Price Target to $38.00

CNO Financial Group (NYSE:CNO) had its price target increased by Piper Sandler from $37.00 to $38.00 in a research report released on Wednesday, Benzinga reports. The brokerage currently has an overweight rating on the financial services provider’s stock.

A number of other equities analysts also recently commented on CNO. Royal Bank of Canada lifted their target price on shares of CNO Financial Group from $30.00 to $38.00 and gave the stock an outperform rating in a research note on Wednesday, July 31st. Keefe, Bruyette & Woods lifted their price target on shares of CNO Financial Group from $30.00 to $31.00 and gave the company a market perform rating in a research report on Monday, July 8th. Finally, Evercore ISI increased their price objective on CNO Financial Group from $27.00 to $29.00 and gave the stock an underperform rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and a consensus target price of $34.00.

CNO Financial Group Trading Up 1.7 %

Shares of CNO Financial Group stock opened at $34.98 on Wednesday. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.19 and a quick ratio of 0.19. The stock’s 50 day simple moving average is $33.43 and its 200-day simple moving average is $29.65. The stock has a market cap of $3.79 billion, a P/E ratio of 10.20 and a beta of 1.01. CNO Financial Group has a 1-year low of $22.27 and a 1-year high of $35.63.

CNO Financial Group (NYSE:CNO) last issued its earnings results on Monday, July 29th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.33. CNO Financial Group had a return on equity of 18.30% and a net margin of 9.96%. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $929.99 million. During the same period in the prior year, the business earned $0.54 EPS. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. Analysts predict that CNO Financial Group will post 3.43 EPS for the current fiscal year.

CNO Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th were issued a $0.16 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $0.64 annualized dividend and a dividend yield of 1.83%. CNO Financial Group’s dividend payout ratio is currently 18.66%.

Insider Buying and Selling

In other CNO Financial Group news, insider Jeanne L. Linnenbringer sold 5,435 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $34.26, for a total value of $186,203.10. Following the sale, the insider now owns 37,663 shares of the company’s stock, valued at $1,290,334.38. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other CNO Financial Group news, insider Jeanne L. Linnenbringer sold 5,435 shares of CNO Financial Group stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $34.26, for a total value of $186,203.10. Following the completion of the transaction, the insider now directly owns 37,663 shares of the company’s stock, valued at $1,290,334.38. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jeanne L. Linnenbringer sold 5,364 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $34.88, for a total transaction of $187,096.32. Following the sale, the insider now owns 44,884 shares in the company, valued at $1,565,553.92. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CNO Financial Group

A number of hedge funds have recently added to or reduced their stakes in CNO. Blair William & Co. IL raised its stake in shares of CNO Financial Group by 2.1% in the first quarter. Blair William & Co. IL now owns 19,189 shares of the financial services provider’s stock valued at $527,000 after acquiring an additional 399 shares in the last quarter. CWM LLC increased its holdings in CNO Financial Group by 64.1% during the 2nd quarter. CWM LLC now owns 1,144 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 447 shares during the period. Blue Trust Inc. raised its position in CNO Financial Group by 25.4% in the 2nd quarter. Blue Trust Inc. now owns 2,384 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 483 shares in the last quarter. Point72 Hong Kong Ltd raised its position in CNO Financial Group by 1.8% in the 2nd quarter. Point72 Hong Kong Ltd now owns 28,700 shares of the financial services provider’s stock valued at $796,000 after purchasing an additional 511 shares in the last quarter. Finally, Covestor Ltd boosted its stake in shares of CNO Financial Group by 18.9% in the 1st quarter. Covestor Ltd now owns 3,598 shares of the financial services provider’s stock valued at $99,000 after buying an additional 571 shares during the period. 95.43% of the stock is currently owned by institutional investors and hedge funds.

About CNO Financial Group

CNO Financial Group, Inc, through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, insurance products, and financial services for senior and middle-income markets in the United States. It offers Medicare supplement, supplemental health, and long-term care insurance policies; life insurance; and annuities, as well as Medicare advantage plans to individuals through phone, online, mail, and face-to-face.