CNO Financial Group (CNO) Reaches New 1-Year High at $26.12

CNO Financial Group Inc (NYSE:CNO) reached a new 52-week high during trading on Wednesday . The company traded as high as $26.12 and last traded at $25.33, with a volume of 992500 shares. The stock had previously closed at $25.13.

A number of equities research analysts have commented on the stock. Goldman Sachs Group assumed coverage on shares of CNO Financial Group in a report on Wednesday, October 18th. They issued a “neutral” rating and a $24.00 price target for the company. Zacks Investment Research cut shares of CNO Financial Group from a “buy” rating to a “hold” rating in a report on Monday, October 9th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $24.00 price target on shares of CNO Financial Group in a report on Thursday, December 21st. Wells Fargo & Co set a $22.00 price objective on shares of CNO Financial Group and gave the company a “hold” rating in a report on Wednesday, October 25th. Finally, B. Riley reiterated a “buy” rating on shares of CNO Financial Group in a report on Monday, November 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $22.75.

The firm has a market capitalization of $4,280.00, a price-to-earnings ratio of 9.14, a PEG ratio of 1.54 and a beta of 1.20. 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 issued its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.06. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1 billion. CNO Financial Group had a net margin of 11.41% and a return on equity of 5.88%. The business’s revenue was up 6.2% on a year-over-year basis. During the same period last year, the company earned $0.37 earnings per share. equities research analysts predict that CNO Financial Group Inc will post 1.65 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 26th. Stockholders of record on Monday, December 11th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend was Friday, December 8th. CNO Financial Group’s dividend payout ratio is currently 13.00%.

Several hedge funds and other institutional investors have recently modified their holdings of CNO. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of CNO Financial Group by 9.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,976 shares of the financial services provider’s stock valued at $146,000 after purchasing an additional 622 shares in the last quarter. Riverhead Capital Management LLC lifted its position in shares of CNO Financial Group by 71.3% during the second quarter. Riverhead Capital Management LLC now owns 9,252 shares of the financial services provider’s stock valued at $193,000 after purchasing an additional 3,852 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of CNO Financial Group during the third quarter valued at about $292,000. Paragon Capital Management Ltd bought a new position in shares of CNO Financial Group during the third quarter valued at about $301,000. Finally, AMP Capital Investors Ltd bought a new position in shares of CNO Financial Group during the third quarter valued at about $348,000. Hedge funds and other institutional investors own 95.13% of the company’s stock.

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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.

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