CNO Financial Group Inc (NYSE:CNO) has been given an average recommendation of “Hold” by the twelve ratings firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $21.71.
Several research analysts have issued reports on CNO shares. B. Riley reiterated a “buy” rating on shares of CNO Financial Group in a report on Monday, November 6th. Wells Fargo & Company set a $22.00 target price on shares of CNO Financial Group and gave the stock a “hold” rating in a report on Wednesday, October 25th. Zacks Investment Research cut shares of CNO Financial Group from a “buy” rating to a “hold” rating in a report on Monday, October 9th. Finally, Goldman Sachs Group began 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 on the stock.
CNO Financial Group (NYSE:CNO) opened at $24.73 on Thursday. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.52. CNO Financial Group has a 1-year low of $18.53 and a 1-year high of $25.83. The stock has a market cap of $4,232.64, a PE ratio of 15.87, a price-to-earnings-growth ratio of 1.53 and a beta of 1.20.
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 issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Friday, December 8th. CNO Financial Group’s dividend payout ratio is currently 13.00%.
Several large investors have recently added to or reduced their stakes in CNO. Public Employees Retirement System of Ohio purchased a new position in shares of CNO Financial Group in the 3rd quarter valued at approximately $2,160,000. California Public Employees Retirement System raised its position in shares of CNO Financial Group by 2.6% in the 3rd quarter. California Public Employees Retirement System now owns 610,212 shares of the financial services provider’s stock valued at $14,242,000 after purchasing an additional 15,512 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of CNO Financial Group in the 3rd quarter valued at approximately $292,000. Jane Street Group LLC purchased a new position in shares of CNO Financial Group in the 3rd quarter valued at approximately $440,000. Finally, Vident Investment Advisory LLC raised its position in shares of CNO Financial Group by 8.3% in the 3rd quarter. Vident Investment Advisory LLC now owns 117,803 shares of the financial services provider’s stock valued at $2,750,000 after purchasing an additional 9,051 shares during the last quarter. Institutional investors and hedge funds own 95.57% of the company’s stock.
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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