Media stories about CNO Financial Group (NYSE:CNO) have been trending positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. CNO Financial Group earned a media sentiment score of 0.34 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 29 out of 100, meaning that recent press coverage is unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- CNO Financial Group, Inc. (NYSE:CNO) Given Average Rating of “Buy” by Brokerages (americanbankingnews.com)
- CNO Financial Appoints Senior VP (insideindianabusiness.com)
- CNO Financial Group Names Jean Linnenbringer Senior Vice President of … (prnewswire.com)
- CNO Financial Group Names Jean Linnenbringer Senior Vice President of Enterprise Operations (finance.yahoo.com)
- CNO Financial Group, Inc. (NYSE:CNO) Declares $0.09 Quarterly Dividend (americanbankingnews.com)
A number of research firms recently weighed in on CNO. Zacks Investment Research cut CNO Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. BidaskClub upgraded CNO Financial Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 2nd. FBR & Co restated an “outperform” rating and issued a $23.00 price target on shares of CNO Financial Group in a research note on Wednesday, May 31st. Wells Fargo & Company reiterated a “hold” rating on shares of CNO Financial Group in a research report on Monday, June 5th. Finally, ValuEngine upgraded CNO Financial Group from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Six analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $21.33.
CNO Financial Group (NYSE CNO) traded down 1.66% during mid-day trading on Friday, hitting $23.14. The stock had a trading volume of 1,229,700 shares. The stock has a market capitalization of $3.91 billion, a P/E ratio of 10.12 and a beta of 1.22. CNO Financial Group has a 52 week low of $14.30 and a 52 week high of $23.95. The company’s 50 day moving average is $21.72 and its 200-day moving average is $20.80.
CNO Financial Group declared that its Board of Directors has initiated a stock buyback plan on Wednesday, May 10th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the financial services provider to reacquire up to 8.3% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Monday, September 11th will be given a dividend of $0.09 per share. The ex-dividend date is Friday, September 8th. This represents a $0.36 annualized dividend and a dividend yield of 1.56%. CNO Financial Group’s dividend payout ratio (DPR) is presently 15.72%.
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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