CNO Financial Group Inc. (NYSE:CNO) was downgraded by equities researchers at Goldman Sachs Group Inc. from a “buy” rating to a “neutral” rating in a research report issued on Friday, The Fly reports.
Other analysts have also recently issued research reports about the company. Zacks Investment Research raised CNO Financial Group from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Tuesday, September 6th. Citigroup Inc. reduced their price target on shares of CNO Financial Group from $21.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, July 7th. BTIG Research reissued a “buy” rating on shares of CNO Financial Group in a report on Friday, July 15th. Deutsche Bank AG reduced their price target on shares of CNO Financial Group from $20.00 to $19.00 and set a “hold” rating for the company in a report on Thursday, July 7th. Finally, Evercore ISI initiated coverage on shares of CNO Financial Group in a report on Wednesday, July 6th. They issued a “hold” rating and a $19.00 price target for the company. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $19.65.
Shares of CNO Financial Group (NYSE:CNO) opened at 15.55 on Friday. The stock has a market cap of $2.72 billion, a PE ratio of 10.45 and a beta of 1.31. CNO Financial Group has a 52-week low of $14.66 and a 52-week high of $20.88. The company’s 50 day moving average price is $15.70 and its 200 day moving average price is $17.63.
CNO Financial Group (NYSE:CNO) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.35 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.35. The firm earned $1 billion during the quarter, compared to analysts’ expectations of $961.56 million. CNO Financial Group had a return on equity of 5.68% and a net margin of 7.20%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.34 EPS. On average, analysts anticipate that CNO Financial Group will post $1.39 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Friday, September 9th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.06%. The ex-dividend date was Wednesday, September 7th. CNO Financial Group’s payout ratio is presently 21.48%.
Large investors have recently modified their holdings of the company. Seven Eight Capital LLC acquired a new stake in shares of CNO Financial Group during the first quarter valued at approximately $102,000. Cantab Capital Partners LLP acquired a new stake in shares of CNO Financial Group during the second quarter valued at approximately $146,000. World Asset Management Inc acquired a new stake in shares of CNO Financial Group during the second quarter valued at approximately $175,000. Zacks Investment Management acquired a new stake in shares of CNO Financial Group during the second quarter valued at approximately $179,000. 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 in the last quarter. Institutional investors own 97.67% of the company’s stock.
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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