Keefe, Bruyette & Woods Reiterates Hold Rating for CNO Financial Group (CNO)

CNO Financial Group (NYSE:CNO)‘s stock had its “hold” rating reiterated by Keefe, Bruyette & Woods in a research note issued on Thursday. They currently have a $24.00 price target on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price indicates a potential downside of 3.50% from the company’s current price.

Other analysts also recently issued reports about the stock. B. Riley reissued a “buy” rating on shares of CNO Financial Group in a report on Monday, November 6th. Zacks Investment Research downgraded shares of CNO Financial Group from a “buy” rating to a “hold” rating in a report on Monday, October 9th. Wells Fargo & Company set a $22.00 price target on shares of CNO Financial Group and gave the stock a “hold” rating in a report on Wednesday, October 25th. Finally, Goldman Sachs Group started coverage on shares of CNO Financial Group in a report on Wednesday, October 18th. They set a “neutral” rating and a $24.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $22.50.

Shares of CNO Financial Group (NYSE:CNO) opened at $24.87 on Thursday. The firm has a market cap of $4,125.27, a PE ratio of 8.98, a PEG ratio of 1.49 and a beta of 1.20. CNO Financial Group has a 1-year low of $18.53 and a 1-year high of $25.83. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.16 and a current ratio of 0.16.

CNO Financial Group (NYSE:CNO) last released its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.06. CNO Financial Group had a net margin of 11.41% and a return on equity of 5.88%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1 billion. During the same quarter in the prior year, the business earned $0.37 earnings per share. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. research analysts predict that CNO Financial Group will post 1.65 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in CNO Financial Group by 0.9% during the second quarter. Vanguard Group Inc. now owns 14,843,457 shares of the financial services provider’s stock valued at $309,930,000 after purchasing an additional 129,269 shares in the last quarter. State Street Corp lifted its stake in shares of CNO Financial Group by 0.4% in the second quarter. State Street Corp now owns 6,989,735 shares of the financial services provider’s stock worth $145,947,000 after buying an additional 25,050 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of CNO Financial Group by 6.6% in the second quarter. JPMorgan Chase & Co. now owns 6,467,334 shares of the financial services provider’s stock worth $135,037,000 after buying an additional 400,415 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in shares of CNO Financial Group by 1.1% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 5,840,902 shares of the financial services provider’s stock worth $136,327,000 after buying an additional 61,252 shares in the last quarter. Finally, LSV Asset Management lifted its stake in shares of CNO Financial Group by 11.4% in the second quarter. LSV Asset Management now owns 4,831,708 shares of the financial services provider’s stock worth $100,886,000 after buying an additional 492,800 shares in the last quarter. 95.13% of the stock is currently owned by institutional investors and hedge funds.

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CNO Financial Group Company Profile

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.

Analyst Recommendations for CNO Financial Group (NYSE:CNO)

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