Goldman Sachs Group, Inc. (The) began coverage on shares of CNO Financial Group, Inc. (NYSE:CNO) in a report published on Wednesday, October 18th. The brokerage issued a neutral rating and a $24.00 price objective on the financial services provider’s stock.
A number of other research analysts have also issued reports on CNO. Wells Fargo & Company restated a hold rating on shares of CNO Financial Group in a research note on Tuesday, June 20th. ValuEngine raised shares of CNO Financial Group from a hold rating to a buy rating in a report on Tuesday, June 27th. Zacks Investment Research downgraded shares of CNO Financial Group from a hold rating to a sell rating in a report on Tuesday, July 4th. BidaskClub raised shares of CNO Financial Group from a hold rating to a buy rating in a report on Wednesday, July 5th. Finally, Morgan Stanley downgraded shares of CNO Financial Group from an equal weight rating to an underweight rating and set a $21.00 price target on the stock. in a report on Monday, August 14th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $22.25.
CNO Financial Group (CNO) opened at 24.48 on Wednesday. The company has a market capitalization of $4.14 billion, a PE ratio of 10.70 and a beta of 1.20. The stock has a 50 day moving average price of $23.43 and a 200-day moving average price of $21.89. CNO Financial Group has a 52 week low of $14.85 and a 52 week high of $25.07.
CNO Financial Group (NYSE:CNO) last posted its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.45 EPS for the quarter, topping the consensus estimate of $0.39 by $0.06. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1 billion. CNO Financial Group had a net margin of 11.41% and a return on equity of 5.97%. CNO Financial Group’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.37 EPS. On average, equities analysts predict that CNO Financial Group will post $1.61 earnings per share for the current fiscal year.
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Several hedge funds and other institutional investors have recently bought and sold shares of CNO. BlackRock Inc. boosted its stake in shares of CNO Financial Group by 13,916.4% in the first quarter. BlackRock Inc. now owns 16,909,850 shares of the financial services provider’s stock valued at $346,652,000 after purchasing an additional 16,789,207 shares during the period. Thrivent Financial For Lutherans lifted its stake in CNO Financial Group by 3,275.6% in the second quarter. Thrivent Financial For Lutherans now owns 1,092,360 shares of the financial services provider’s stock worth $22,809,000 after acquiring an additional 1,060,000 shares during the last quarter. AJO LP lifted its stake in CNO Financial Group by 407.7% in the second quarter. AJO LP now owns 1,076,120 shares of the financial services provider’s stock worth $22,469,000 after acquiring an additional 864,162 shares during the last quarter. Vanguard Group Inc. lifted its stake in CNO Financial Group by 5.6% in the first quarter. Vanguard Group Inc. now owns 14,714,188 shares of the financial services provider’s stock worth $301,641,000 after acquiring an additional 782,886 shares during the last quarter. Finally, Dalton Greiner Hartman Maher & Co. purchased a new position in CNO Financial Group in the second quarter worth approximately $13,421,000. 94.83% of the stock is owned by institutional investors and hedge funds.
About CNO Financial Group
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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