Keefe, Bruyette & Woods Reiterates Hold Rating for CNO Financial Group (NYSE:CNO)

CNO Financial Group (NYSE:CNO)‘s stock had its “hold” rating reiterated by research analysts at Keefe, Bruyette & Woods in a note issued to investors on Thursday, Marketbeat Ratings reports. They currently have a $46.00 target price on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 16.24% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Wall Street Zen upgraded shares of CNO Financial Group from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Jefferies Financial Group raised shares of CNO Financial Group from a “hold” rating to a “buy” rating and upped their price objective for the company from $42.00 to $47.00 in a research note on Monday, December 15th. Weiss Ratings restated a “buy (b)” rating on shares of CNO Financial Group in a research report on Wednesday, January 21st. Piper Sandler lifted their target price on shares of CNO Financial Group from $46.00 to $50.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 23rd. Finally, Evercore reiterated an “underperform” rating and issued a $43.00 price target on shares of CNO Financial Group in a report on Wednesday, February 18th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $46.50.

CNO Financial Group Stock Down 3.4%

Shares of NYSE:CNO opened at $39.57 on Thursday. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 1.43. The company has a market capitalization of $3.73 billion, a P/E ratio of 17.75 and a beta of 0.83. CNO Financial Group has a 52-week low of $34.63 and a 52-week high of $44.85. The stock’s fifty day simple moving average is $41.65 and its 200-day simple moving average is $41.09.

CNO Financial Group (NYSE:CNO) last posted its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.27. The firm had revenue of $101.10 million during the quarter, compared to analysts’ expectations of $1 billion. CNO Financial Group had a return on equity of 15.80% and a net margin of 4.94%.The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.18 EPS. As a group, equities research analysts forecast that CNO Financial Group will post 3.83 earnings per share for the current fiscal year.

Insider Buying and Selling at CNO Financial Group

In related news, insider Yvonne K. Franzese sold 9,000 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $43.17, for a total value of $388,530.00. Following the completion of the sale, the insider directly owned 35,062 shares in the company, valued at approximately $1,513,626.54. This represents a 20.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gary C. Bhojwani sold 43,021 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $43.05, for a total value of $1,852,054.05. Following the completion of the transaction, the chief executive officer directly owned 277,526 shares in the company, valued at $11,947,494.30. This trade represents a 13.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 228,208 shares of company stock valued at $9,762,609 in the last quarter. Company insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On CNO Financial Group

Several hedge funds have recently modified their holdings of CNO. Hsbc Holdings PLC lifted its position in CNO Financial Group by 102.1% during the 4th quarter. Hsbc Holdings PLC now owns 45,025 shares of the financial services provider’s stock worth $1,914,000 after acquiring an additional 22,749 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in CNO Financial Group by 60.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 3,248 shares of the financial services provider’s stock valued at $138,000 after acquiring an additional 1,224 shares in the last quarter. Corient Private Wealth LLC grew its position in CNO Financial Group by 2.6% in the fourth quarter. Corient Private Wealth LLC now owns 19,683 shares of the financial services provider’s stock valued at $836,000 after acquiring an additional 498 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in shares of CNO Financial Group by 684.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,881 shares of the financial services provider’s stock valued at $165,000 after purchasing an additional 3,386 shares during the period. Finally, DGS Capital Management LLC raised its stake in shares of CNO Financial Group by 16.8% during the fourth quarter. DGS Capital Management LLC now owns 17,017 shares of the financial services provider’s stock valued at $723,000 after purchasing an additional 2,450 shares during the period. 95.43% of the stock is currently owned by hedge funds and other institutional investors.

About CNO Financial Group

CNO Financial Group is an Indiana‐based holding company that offers a range of insurance and retirement solutions through its operating subsidiaries. Its primary business activities include life insurance, annuities, and supplemental health insurance products designed to help individuals plan for retirement and manage health‐related expenses. The company serves middle‐income Americans, with particular emphasis on senior customers seeking guaranteed coverage and reliable income streams.

Originally founded as Conseco in 1979, the company underwent a financial restructuring and rebranded as CNO Financial Group in 2010.