CNO Financial Group (CNO) Upgraded at ValuEngine

ValuEngine upgraded shares of CNO Financial Group (NYSE:CNO) from a strong sell rating to a sell rating in a research note released on Monday morning.

Other analysts have also recently issued reports about the company. Zacks Investment Research raised CNO Financial Group from a sell rating to a hold rating in a report on Monday, August 6th. Keefe, Bruyette & Woods reissued a hold rating and issued a $24.00 price target on shares of CNO Financial Group in a report on Friday, August 17th. Finally, TheStreet cut CNO Financial Group from a b rating to a c rating in a report on Thursday, November 1st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $23.75.

Shares of CNO traded up $0.33 during mid-day trading on Monday, hitting $19.43. The company’s stock had a trading volume of 18,872 shares, compared to its average volume of 973,316. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.26 and a quick ratio of 0.26. The stock has a market capitalization of $3.13 billion, a P/E ratio of 9.57 and a beta of 1.14. CNO Financial Group has a 1-year low of $18.15 and a 1-year high of $26.47.

CNO Financial Group (NYSE:CNO) last posted its quarterly earnings results on Wednesday, October 31st. The financial services provider reported $0.53 EPS for the quarter, beating the consensus estimate of $0.51 by $0.02. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $999.03 million. CNO Financial Group had a positive return on equity of 7.89% and a negative net margin of 8.95%. The company’s quarterly revenue was up 37.2% compared to the same quarter last year. During the same period last year, the firm earned $0.59 EPS. Research analysts anticipate that CNO Financial Group will post 1.97 EPS for the current year.

In related news, EVP Matthew J. Zimpfer sold 17,417 shares of the firm’s stock in a transaction that occurred on Monday, November 5th. The stock was sold at an average price of $18.46, for a total value of $321,517.82. Following the completion of the transaction, the executive vice president now directly owns 137,580 shares of the company’s stock, valued at approximately $2,539,726.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephen N. David acquired 2,000 shares of the company’s stock in a transaction that occurred on Monday, November 5th. The stock was purchased at an average cost of $18.50 per share, with a total value of $37,000.00. Following the completion of the purchase, the director now directly owns 19,706 shares in the company, valued at $364,561. The disclosure for this purchase can be found here. Company insiders own 2.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CNO. BlackRock Inc. boosted its holdings in CNO Financial Group by 17.0% in the third quarter. BlackRock Inc. now owns 19,514,213 shares of the financial services provider’s stock valued at $414,094,000 after acquiring an additional 2,839,109 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in CNO Financial Group by 18.1% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 6,174,450 shares of the financial services provider’s stock valued at $117,562,000 after acquiring an additional 946,582 shares during the last quarter. Foundry Partners LLC acquired a new position in CNO Financial Group in the third quarter valued at $11,087,000. Paradice Investment Management LLC boosted its holdings in CNO Financial Group by 8.6% in the second quarter. Paradice Investment Management LLC now owns 4,061,364 shares of the financial services provider’s stock valued at $77,328,000 after acquiring an additional 319,926 shares during the last quarter. Finally, Prana Capital Management LP acquired a new position in CNO Financial Group in the second quarter valued at $5,626,000. 92.09% of the stock is owned by hedge funds and other institutional investors.

About CNO Financial Group

CNO Financial Group, Inc, through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, and other insurance products for senior and middle-income markets in the United States. It operates through Bankers Life, Washington National, Colonial Penn, and Long-Term Care in Run Off segments.

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Analyst Recommendations for CNO Financial Group (NYSE:CNO)

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