CNO Financial Group Inc (NYSE:CNO) CFO Paul H. Mcdonough acquired 11,758 shares of the company’s stock in a transaction that occurred on Monday, March 23rd. The stock was purchased at an average cost of $11.29 per share, with a total value of $132,747.82.
NYSE CNO opened at $14.04 on Friday. CNO Financial Group Inc has a 1-year low of $8.79 and a 1-year high of $20.93. The company has a market capitalization of $1.88 billion, a P/E ratio of 7.12 and a beta of 1.24. The business has a 50 day moving average price of $15.79 and a 200 day moving average price of $16.78. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.24 and a quick ratio of 0.24.
CNO Financial Group (NYSE:CNO) last released its quarterly earnings results on Tuesday, February 11th. The financial services provider reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.09. The company had revenue of $1.07 billion during the quarter. CNO Financial Group had a return on equity of 6.51% and a net margin of 10.19%. On average, research analysts expect that CNO Financial Group Inc will post 1.98 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend was Monday, March 9th. CNO Financial Group’s payout ratio is 24.44%.
Several equities analysts recently weighed in on CNO shares. ValuEngine downgraded CNO Financial Group from a “hold” rating to a “sell” rating in a research note on Thursday, February 13th. TheStreet downgraded CNO Financial Group from a “b” rating to a “c+” rating in a research note on Wednesday, March 11th. B. Riley dropped their price objective on CNO Financial Group from $20.00 to $18.00 and set a “neutral” rating for the company in a research note on Monday. Zacks Investment Research raised CNO Financial Group from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Monday, January 20th. Finally, Morgan Stanley dropped their price objective on CNO Financial Group from $19.00 to $13.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $19.20.
A number of institutional investors have recently added to or reduced their stakes in CNO. Tower Research Capital LLC TRC increased its position in CNO Financial Group by 105.8% during the third quarter. Tower Research Capital LLC TRC now owns 8,584 shares of the financial services provider’s stock worth $136,000 after buying an additional 4,413 shares in the last quarter. Squarepoint Ops LLC increased its position in CNO Financial Group by 92.3% during the third quarter. Squarepoint Ops LLC now owns 242,039 shares of the financial services provider’s stock worth $3,831,000 after buying an additional 116,178 shares in the last quarter. Philadelphia Financial Management of San Francisco LLC purchased a new position in CNO Financial Group during the third quarter worth $4,483,000. Millennium Management LLC increased its position in CNO Financial Group by 291.4% during the third quarter. Millennium Management LLC now owns 1,652,253 shares of the financial services provider’s stock worth $26,155,000 after buying an additional 1,230,122 shares in the last quarter. Finally, Sciencast Management LP increased its position in CNO Financial Group by 113.5% during the fourth quarter. Sciencast Management LP now owns 31,600 shares of the financial services provider’s stock worth $569,000 after buying an additional 16,800 shares in the last quarter. 98.24% of the stock is owned by institutional investors.
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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