CNO Financial Group, Inc. (NYSE:CNO) has earned an average rating of “Hold” from the twelve ratings firms that are currently covering the company, MarketBeat.com reports. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $19.86.

Several brokerages have commented on CNO. Zacks Investment Research upgraded shares of CNO Financial Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. BidaskClub raised shares of CNO Financial Group from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. ValuEngine raised shares of CNO Financial Group from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Wells Fargo & Company reissued a “hold” rating on shares of CNO Financial Group in a research report on Tuesday, June 20th. Finally, FBR & Co reissued an “outperform” rating and issued a $23.00 price target on shares of CNO Financial Group in a research report on Wednesday, May 31st.

Several hedge funds have recently bought and sold shares of CNO. TFS Capital LLC bought a new stake in CNO Financial Group during the first quarter worth about $348,000. Nuveen Asset Management LLC raised its stake in CNO Financial Group by 36.7% in the first quarter. Nuveen Asset Management LLC now owns 1,457,274 shares of the financial services provider’s stock worth $29,874,000 after buying an additional 391,469 shares during the period. Paradice Investment Management LLC raised its stake in CNO Financial Group by 8.7% in the first quarter. Paradice Investment Management LLC now owns 3,404,022 shares of the financial services provider’s stock worth $69,782,000 after buying an additional 271,764 shares during the period. Renaissance Technologies LLC raised its stake in CNO Financial Group by 258.0% in the fourth quarter. Renaissance Technologies LLC now owns 206,900 shares of the financial services provider’s stock worth $3,962,000 after buying an additional 149,100 shares during the period. Finally, Bank of Montreal Can raised its stake in CNO Financial Group by 50.8% in the first quarter. Bank of Montreal Can now owns 189,886 shares of the financial services provider’s stock worth $3,893,000 after buying an additional 63,972 shares during the period. 94.42% of the stock is owned by institutional investors and hedge funds.

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CNO Financial Group (NYSE:CNO) opened at 21.07 on Monday. CNO Financial Group has a 12 month low of $14.30 and a 12 month high of $22.60. The firm has a market cap of $3.61 billion, a price-to-earnings ratio of 9.90 and a beta of 1.20. The company’s 50-day moving average is $20.49 and its 200 day moving average is $20.24.

CNO Financial Group (NYSE:CNO) last announced its earnings results on Wednesday, April 26th. The financial services provider reported $0.34 EPS for the quarter, topping the consensus estimate of $0.31 by $0.03. CNO Financial Group had a net margin of 9.16% and a return on equity of 5.51%. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period last year, the company posted $0.26 earnings per share. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. On average, equities research analysts predict that CNO Financial Group will post $1.50 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 23rd. Stockholders of record on Friday, June 9th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.71%. This is a positive change from CNO Financial Group’s previous quarterly dividend of $0.08. The ex-dividend date was Wednesday, June 7th. CNO Financial Group’s dividend payout ratio is 16.82%.

About CNO Financial Group

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.

Analyst Recommendations for CNO Financial Group (NYSE:CNO)

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