Jefferies Financial Group Issues Positive Forecast for CNO Financial Group (NYSE:CNO) Stock Price

CNO Financial Group (NYSE:CNO) had its price target boosted by equities researchers at Jefferies Financial Group from $36.00 to $41.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “hold” rating on the financial services provider’s stock. Jefferies Financial Group’s price objective suggests a potential upside of 7.84% from the stock’s previous close.

Several other equities research analysts also recently commented on CNO. Royal Bank of Canada lifted their price objective on CNO Financial Group from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Piper Sandler boosted their price objective on shares of CNO Financial Group from $37.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $35.80.

CNO Financial Group Stock Down 1.0 %

NYSE:CNO traded down $0.37 during mid-day trading on Tuesday, hitting $38.02. 112,813 shares of the company’s stock were exchanged, compared to its average volume of 730,176. The company has a market cap of $3.92 billion, a PE ratio of 15.33 and a beta of 1.02. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.19 and a quick ratio of 0.19. CNO Financial Group has a one year low of $24.92 and a one year high of $40.91. The business has a fifty day moving average price of $37.14 and a 200 day moving average price of $33.08.

CNO Financial Group (NYSE:CNO) last released its earnings results on Thursday, October 31st. The financial services provider reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.29. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $945.44 million. CNO Financial Group had a return on equity of 17.53% and a net margin of 6.06%. The company’s quarterly revenue was up 19.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.88 earnings per share. Equities analysts predict that CNO Financial Group will post 3.73 EPS for the current year.

Insider Buying and Selling

In other news, CIO Eric R. Johnson sold 3,978 shares of CNO Financial Group stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $39.09, for a total transaction of $155,500.02. Following the transaction, the executive now directly owns 631,844 shares of the company’s stock, valued at $24,698,781.96. The trade was a 0.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeremy David Williams sold 4,783 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $40.09, for a total transaction of $191,750.47. Following the completion of the sale, the insider now directly owns 62,121 shares of the company’s stock, valued at $2,490,430.89. This represents a 7.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CNO Financial Group

Hedge funds have recently modified their holdings of the company. CWM LLC raised its position in shares of CNO Financial Group by 64.1% during the 2nd quarter. CWM LLC now owns 1,144 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 447 shares during the period. Quarry LP raised its holdings in CNO Financial Group by 123.2% during the second quarter. Quarry LP now owns 1,694 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 935 shares during the period. GAMMA Investing LLC lifted its position in shares of CNO Financial Group by 141.8% in the third quarter. GAMMA Investing LLC now owns 1,985 shares of the financial services provider’s stock valued at $70,000 after acquiring an additional 1,164 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of CNO Financial Group by 25.4% in the second quarter. Blue Trust Inc. now owns 2,384 shares of the financial services provider’s stock worth $66,000 after acquiring an additional 483 shares during the period. Finally, Point72 DIFC Ltd purchased a new stake in shares of CNO Financial Group during the second quarter worth about $89,000. 95.43% of the stock is currently 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, insurance products, and financial services for senior and middle-income markets in the United States. It offers Medicare supplement, supplemental health, and long-term care insurance policies; life insurance; and annuities, as well as Medicare advantage plans to individuals through phone, online, mail, and face-to-face.