ValuEngine upgraded shares of CNO Financial Group (NYSE:CNO) from a hold rating to a buy rating in a report issued on Wednesday morning.
Other equities analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of CNO Financial Group from a hold rating to a buy rating and set a $28.00 price target for the company in a research note on Wednesday, January 10th. Wells Fargo & Co set a $25.00 price target on shares of CNO Financial Group and gave the stock a hold rating in a research note on Tuesday, February 13th. Finally, Keefe, Bruyette & Woods restated a hold rating and issued a $24.00 price target on shares of CNO Financial Group in a research note on Thursday, December 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. CNO Financial Group currently has a consensus rating of Buy and a consensus price target of $24.17.
CNO Financial Group (CNO) opened at $22.57 on Wednesday. The company has a market cap of $3,766.39, a price-to-earnings ratio of 22.35, a price-to-earnings-growth ratio of 1.13 and a beta of 1.14. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.15 and a quick ratio of 0.15. CNO Financial Group has a 12 month low of $19.37 and a 12 month high of $26.47.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $0.36 annualized dividend and a dividend yield of 1.60%. CNO Financial Group’s dividend payout ratio (DPR) is currently 35.64%.
Several institutional investors have recently added to or reduced their stakes in CNO. Meeder Asset Management Inc. lifted its position in shares of CNO Financial Group by 114.1% during the 4th quarter. Meeder Asset Management Inc. now owns 6,084 shares of the financial services provider’s stock worth $150,000 after purchasing an additional 3,243 shares during the last quarter. Connable Office Inc. purchased a new stake in shares of CNO Financial Group during the 4th quarter worth $205,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of CNO Financial Group by 50.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,461 shares of the financial services provider’s stock worth $258,000 after purchasing an additional 3,485 shares during the last quarter. Zeke Capital Advisors LLC purchased a new stake in shares of CNO Financial Group during the 4th quarter worth $266,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of CNO Financial Group during the 3rd quarter worth $292,000. 95.49% of the stock is owned by institutional investors and hedge funds.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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