CNO Financial Group (NYSE:CNO) was downgraded by analysts at TheStreet from a “b” rating to a “c” rating in a research note issued on Thursday.
Other equities analysts have also recently issued reports about the stock. ValuEngine cut shares of CNO Financial Group from a “sell” rating to a “strong sell” rating in a research report on Friday. Zacks Investment Research raised shares of CNO Financial Group from a “sell” rating to a “hold” rating in a research report on Monday, August 6th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $24.00 price objective on shares of CNO Financial Group in a research report on Friday, August 17th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $23.75.
Shares of NYSE CNO opened at $18.37 on Thursday. The firm has a market cap of $3.11 billion, a PE ratio of 9.09 and a beta of 1.14. CNO Financial Group has a twelve month low of $18.15 and a twelve month high of $26.47. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.58.
CNO Financial Group (NYSE:CNO) last announced its quarterly earnings results on Wednesday, October 31st. The financial services provider reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.02. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $999.03 million. CNO Financial Group had a negative net margin of 8.95% and a positive return on equity of 7.45%. The business’s quarterly revenue was up 37.2% compared to the same quarter last year. During the same period last year, the firm posted $0.59 earnings per share. As a group, equities analysts anticipate that CNO Financial Group will post 1.97 earnings per share for the current fiscal year.
In related news, EVP Bruce K. Baude sold 33,000 shares of the business’s stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $22.17, for a total value of $731,610.00. Following the sale, the executive vice president now directly owns 52,047 shares of the company’s stock, valued at approximately $1,153,881.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.30% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. lifted its position in CNO Financial Group by 3.3% in the 2nd quarter. BlackRock Inc. now owns 16,675,104 shares of the financial services provider’s stock valued at $317,494,000 after acquiring an additional 536,084 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in CNO Financial Group by 18.1% in the 2nd quarter. Fuller & Thaler Asset Management Inc. now owns 6,174,450 shares of the financial services provider’s stock valued at $117,562,000 after acquiring an additional 946,582 shares in the last quarter. LSV Asset Management lifted its position in CNO Financial Group by 3.2% in the 2nd quarter. LSV Asset Management now owns 5,953,734 shares of the financial services provider’s stock valued at $113,359,000 after acquiring an additional 182,248 shares in the last quarter. Paradice Investment Management LLC lifted its position in CNO Financial Group by 8.6% in the 2nd quarter. Paradice Investment Management LLC now owns 4,061,364 shares of the financial services provider’s stock valued at $77,328,000 after acquiring an additional 319,926 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its position in CNO Financial Group by 46.3% in the 1st quarter. Allianz Asset Management GmbH now owns 2,831,660 shares of the financial services provider’s stock valued at $61,362,000 after acquiring an additional 895,832 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors and hedge funds.
CNO Financial Group Company Profile
CNO Financial Group, Inc, through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, and other insurance products for senior and middle-income markets in the United States. It operates through Bankers Life, Washington National, Colonial Penn, and Long-Term Care in Run Off segments.
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