Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for CNO Financial Group (NYSE:CNO) Stock

CNO Financial Group (NYSE:CNO) had its price target increased by Keefe, Bruyette & Woods from $42.00 to $44.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 7.28% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. Jefferies Financial Group lifted their price target on shares of CNO Financial Group from $36.00 to $41.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. Royal Bank of Canada lifted their target price on shares of CNO Financial Group from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday. Piper Sandler reissued an “overweight” rating and issued a $46.00 price target (up previously from $44.00) on shares of CNO Financial Group in a research report on Monday. Finally, BMO Capital Markets began coverage on shares of CNO Financial Group in a research note on Thursday, January 23rd. They set a “market perform” rating and a $38.00 price target for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, CNO Financial Group has an average rating of “Hold” and a consensus target price of $40.50.

CNO Financial Group Stock Performance

CNO opened at $41.02 on Wednesday. CNO Financial Group has a 12-month low of $24.92 and a 12-month high of $41.54. The firm has a market capitalization of $4.23 billion, a P/E ratio of 10.97 and a beta of 1.04. The stock’s 50 day moving average price is $38.31 and its two-hundred day moving average price is $36.29. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 1.50.

CNO Financial Group (NYSE:CNO) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.25. CNO Financial Group had a net margin of 9.08% and a return on equity of 17.21%. On average, equities analysts forecast that CNO Financial Group will post 3.79 earnings per share for the current year.

Insider Activity at CNO Financial Group

In other news, CMO Rocco F. Tarasi III sold 1,484 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $38.02, for a total transaction of $56,421.68. Following the sale, the chief marketing officer now owns 79,896 shares in the company, valued at approximately $3,037,645.92. This represents a 1.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CIO Eric R. Johnson sold 3,978 shares of CNO Financial Group stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $39.09, for a total value of $155,500.02. Following the completion of the transaction, the executive now directly owns 631,844 shares of the company’s stock, valued at $24,698,781.96. This represents a 0.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,962 shares of company stock valued at $380,717 in the last ninety days. Insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On CNO Financial Group

Hedge funds have recently added to or reduced their stakes in the stock. Creative Planning lifted its position in shares of CNO Financial Group by 7.2% during the second quarter. Creative Planning now owns 11,007 shares of the financial services provider’s stock worth $305,000 after purchasing an additional 742 shares in the last quarter. GAMMA Investing LLC raised its position in CNO Financial Group by 141.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,985 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 1,164 shares during the last quarter. CWM LLC lifted its holdings in CNO Financial Group by 53.0% during the 3rd quarter. CWM LLC now owns 1,750 shares of the financial services provider’s stock worth $61,000 after buying an additional 606 shares in the last quarter. Trust Point Inc. bought a new position in CNO Financial Group in the 3rd quarter valued at $217,000. Finally, Net Worth Advisory Group acquired a new stake in shares of CNO Financial Group in the 3rd quarter valued at $344,000. Institutional investors own 95.43% of the company’s stock.

About CNO Financial Group

CNO Financial Group, Inc, through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, insurance products, and financial services for senior and middle-income markets in the United States. It offers Medicare supplement, supplemental health, and long-term care insurance policies; life insurance; and annuities, as well as Medicare advantage plans to individuals through phone, online, mail, and face-to-face.