Stock analysts at William Blair started coverage on shares of CNO Financial Group (NYSE:CNO) in a research note issued on Monday. The brokerage set a “buy” rating on the financial services provider’s stock.
A number of other research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of CNO Financial Group from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. Wells Fargo & Co set a $25.00 price target on shares of CNO Financial Group and gave the company a “hold” rating in a report on Tuesday, February 13th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $24.00 price target on shares of CNO Financial Group in a report on Thursday, December 21st. Finally, ValuEngine lowered shares of CNO Financial Group from a “buy” rating to a “hold” rating in a report on Thursday, March 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $24.17.
CNO Financial Group (NYSE CNO) traded down $0.21 during trading hours on Monday, hitting $22.36. 1,040,000 shares of the stock were exchanged, compared to its average volume of 1,280,000. CNO Financial Group has a 52 week low of $19.37 and a 52 week high of $26.47. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $3,750.00, a PE ratio of 22.14, a P/E/G ratio of 1.13 and a beta of 1.14.
Several institutional investors have recently modified their holdings of CNO. Eagle Asset Management grew its holdings in CNO Financial Group by 99.0% during the 3rd quarter. Eagle Asset Management now owns 1,846,604 shares of the financial services provider’s stock worth $34,734,000 after acquiring an additional 918,748 shares during the period. Beacon Capital Management acquired a new stake in CNO Financial Group during the 4th quarter worth $0. ICON Advisers grew its holdings in CNO Financial Group by 1.2% during the 3rd quarter. ICON Advisers now owns 333,210 shares of the financial services provider’s stock worth $6,268,000 after acquiring an additional 4,100 shares during the period. Russell Frank Co grew its holdings in CNO Financial Group by 11.4% during the 4th quarter. Russell Frank Co now owns 210,448 shares of the financial services provider’s stock worth $4,068,000 after acquiring an additional 21,540 shares during the period. Finally, Nationwide Fund Advisors grew its holdings in CNO Financial Group by 15.7% during the 4th quarter. Nationwide Fund Advisors now owns 754,519 shares of the financial services provider’s stock worth $14,404,000 after acquiring an additional 102,501 shares during the period. 97.09% of the stock is owned by institutional investors and hedge funds.
TRADEMARK VIOLATION WARNING: This piece was reported by American Banking News and is the property of of American Banking News. If you are accessing this piece on another site, it was copied illegally and republished in violation of United States and international copyright and trademark law. The original version of this piece can be accessed at https://www.americanbankingnews.com/2018/03/12/cno-financial-group-cno-now-covered-by-william-blair.html.
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.
Receive News & Ratings for CNO Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNO Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.