CNO Financial Group Target of Unusually High Options Trading (CNO)
CNO Financial Group, Inc. (NYSE:CNO) saw unusually large options trading on Wednesday. Stock traders purchased 1,262 call options on the stock. This represents an increase of approximately 1,228% compared to the typical daily volume of 95 call options.
Several equities analysts have issued reports on CNO shares. B. Riley reiterated a “buy” rating on shares of CNO Financial Group in a research report on Monday, November 6th. Zacks Investment Research cut CNO Financial Group from a “buy” rating to a “hold” rating in a research report on Monday, October 9th. Wells Fargo & Company set a $22.00 target price on CNO Financial Group and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Goldman Sachs Group initiated coverage on CNO Financial Group in a research report on Wednesday, October 18th. They set a “neutral” rating and a $24.00 target price on the stock. Finally, Morgan Stanley lowered CNO Financial Group from an “equal weight” rating to an “underweight” rating and set a $21.00 price target on the stock. in a research note on Monday, August 14th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $22.25.
Shares of CNO Financial Group (NYSE CNO) opened at $25.41 on Friday. The company has a market capitalization of $4,260.00, a P/E ratio of 15.99, 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 has a 52 week low of $18.53 and a 52 week high of $25.83.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 26th. Stockholders of record on Monday, December 11th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.42%. The ex-dividend date is Friday, December 8th. CNO Financial Group’s dividend payout ratio (DPR) is 13.00%.
Several large investors have recently made changes to their positions in the company. Teacher Retirement System of Texas lifted its stake in CNO Financial Group by 1.0% in the 2nd quarter. Teacher Retirement System of Texas now owns 13,956 shares of the financial services provider’s stock valued at $291,000 after buying an additional 135 shares in the last quarter. M&T Bank Corp lifted its stake in CNO Financial Group by 2.4% in the 2nd quarter. M&T Bank Corp now owns 16,718 shares of the financial services provider’s stock valued at $349,000 after buying an additional 389 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in CNO Financial Group by 9.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,976 shares of the financial services provider’s stock valued at $146,000 after buying an additional 622 shares in the last quarter. Suntrust Banks Inc. lifted its stake in CNO Financial Group by 4.1% in the 2nd quarter. Suntrust Banks Inc. now owns 21,380 shares of the financial services provider’s stock valued at $446,000 after buying an additional 851 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC lifted its stake in CNO Financial Group by 3.2% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 30,920 shares of the financial services provider’s stock valued at $540,000 after buying an additional 969 shares in the last quarter. 94.41% of the stock is currently owned by institutional investors and hedge funds.
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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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