Shares of CNO Financial Group, Inc. (NYSE:CNO) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $25.61 and last traded at $25.10, with a volume of 674000 shares. The stock had previously closed at $25.21.

Several brokerages have commented on CNO. Morgan Stanley lowered shares of CNO Financial Group from an “equal weight” rating to an “underweight” rating and set a $21.00 price objective for the company. in a report on Monday, August 14th. They noted that the move was a valuation call. Goldman Sachs Group began coverage on shares of CNO Financial Group in a report on Wednesday, October 18th. They issued a “neutral” rating and a $24.00 price objective for the company. Zacks Investment Research lowered shares of CNO Financial Group from a “buy” rating to a “hold” rating in a report on Monday, October 9th. B. Riley restated a “buy” rating on shares of CNO Financial Group in a report on Monday, November 6th. Finally, Wells Fargo & Company set a $22.00 price objective on shares of CNO Financial Group and gave the stock a “hold” rating in a report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $22.25.

The company has a debt-to-equity ratio of 0.52, a current ratio of 0.16 and a quick ratio of 0.16. The firm has a market cap of $4,261.16, a price-to-earnings ratio of 15.98, a P/E/G ratio of 1.54 and a beta of 1.20.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.06. CNO Financial Group had a net margin of 11.41% and a return on equity of 5.88%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1 billion. During the same period last year, the business posted $0.37 earnings per share. CNO Financial Group’s quarterly revenue was up 6.2% compared to the same quarter last year. research analysts predict that CNO Financial Group, Inc. will post 1.65 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 26th. Stockholders of record on Monday, December 11th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, December 8th. This represents a $0.36 annualized dividend and a dividend yield of 1.41%. CNO Financial Group’s payout ratio is 13.00%.

Hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its holdings in shares of CNO Financial Group by 15.8% during the second quarter. Victory Capital Management Inc. now owns 1,255,682 shares of the financial services provider’s stock valued at $26,219,000 after purchasing an additional 171,722 shares during the last quarter. Engineers Gate Manager LP lifted its holdings in shares of CNO Financial Group by 271.9% during the second quarter. Engineers Gate Manager LP now owns 90,830 shares of the financial services provider’s stock valued at $1,897,000 after purchasing an additional 66,409 shares during the last quarter. Tudor Investment Corp ET AL lifted its holdings in shares of CNO Financial Group by 52.8% during the second quarter. Tudor Investment Corp ET AL now owns 46,436 shares of the financial services provider’s stock valued at $970,000 after purchasing an additional 16,045 shares during the last quarter. Rafferty Asset Management LLC purchased a new position in shares of CNO Financial Group during the second quarter valued at approximately $4,693,000. Finally, SG Americas Securities LLC lifted its holdings in shares of CNO Financial Group by 45.6% during the second quarter. SG Americas Securities LLC now owns 81,829 shares of the financial services provider’s stock valued at $1,709,000 after purchasing an additional 25,629 shares during the last quarter. Hedge funds and other institutional investors own 94.41% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “CNO Financial Group (CNO) Hits New 52-Week High at $25.61” was originally reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this article on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://theolympiareport.com/2017/12/06/cno-financial-group-cno-hits-new-52-week-high-at-25-61.html.

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.

Receive News & Ratings for CNO Financial Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNO Financial Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.