CNO Financial Group Inc. (NYSE:CNO) has been given a $16.00 price target by stock analysts at Deutsche Bank AG in a research note issued to investors on Friday. The firm currently has a a “hold” rating on the stock. Deutsche Bank AG’s price target indicates a potential upside of 6.67% from the stock’s previous close.
CNO has been the subject of several other reports. Keefe, Bruyette & Woods reduced their price target on CNO Financial Group from $20.00 to $19.00 and set a “market perform” rating for the company in a research report on Tuesday, August 2nd. Zacks Investment Research upgraded CNO Financial Group from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Tuesday, September 6th. Goldman Sachs Group Inc. cut CNO Financial Group from a “buy” rating to a “neutral” rating and reduced their price target for the company from $21.00 to $17.00 in a research report on Friday. Wells Fargo & Co. began coverage on CNO Financial Group in a research note on Thursday, September 22nd. They set an “outperform” rating for the company. Finally, Morgan Stanley reissued a “hold” rating and set a $19.00 price objective on shares of CNO Financial Group in a research note on Thursday, July 28th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $18.85.
Shares of CNO Financial Group (NYSE:CNO) opened at 15.00 on Friday. The firm has a market cap of $2.63 billion, a PE ratio of 10.08 and a beta of 1.23. CNO Financial Group has a 52 week low of $14.30 and a 52 week high of $20.88. The stock has a 50 day moving average price of $15.69 and a 200 day moving average price of $17.58.
CNO Financial Group (NYSE:CNO) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.35 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.35. The company 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 firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.34 earnings per share. Equities analysts expect that CNO Financial Group will post $1.35 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Friday, September 9th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 2.13%. The ex-dividend date was Wednesday, September 7th. CNO Financial Group’s dividend payout ratio (DPR) is currently 21.48%.
A number of large investors have recently modified their holdings of CNO. Seven Eight Capital LLC purchased a new stake in shares of CNO Financial Group during the first quarter valued at about $102,000. Cantab Capital Partners LLP purchased a new stake in shares of CNO Financial Group during the second quarter valued at about $146,000. World Asset Management Inc purchased a new stake in shares of CNO Financial Group during the second quarter valued at about $175,000. Zacks Investment Management purchased a new stake in shares of CNO Financial Group during the second quarter valued at about $179,000. Finally, LS Investment Advisors LLC raised 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 during the period. 97.67% of the stock is owned by hedge funds and other institutional investors.
About CNO Financial Group
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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