Favorable Media Coverage Somewhat Unlikely to Impact CNO Financial Group (CNO) Stock Price

Media stories about CNO Financial Group (NYSE:CNO) have been trending positive on Thursday, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. CNO Financial Group earned a media sentiment score of 0.45 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 46.3684518693405 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the news stories that may have impacted Accern Sentiment’s rankings:

Several equities analysts have weighed in on CNO shares. B. Riley reaffirmed a “buy” rating on shares of CNO Financial Group in a report on Monday, November 6th. Wells Fargo & Company set a $22.00 price target on shares of CNO Financial Group and gave the company a “hold” rating in a report on Wednesday, October 25th. Morgan Stanley downgraded shares of CNO Financial Group from an “equal weight” rating to an “underweight” rating and set a $21.00 price target on the stock. in a report on Monday, August 14th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of CNO Financial Group from a “buy” rating to a “hold” rating in a report on Monday, October 9th. Finally, 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 target price on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $22.25.

CNO Financial Group (NYSE CNO) traded up $0.07 during mid-day trading on Thursday, hitting $25.50. 728,402 shares of the stock traded hands, compared to its average volume of 1,084,574. CNO Financial Group has a 1 year low of $18.53 and a 1 year high of $25.83. 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 stock has a market capitalization of $4,269.55, a P/E ratio of 16.01, a PEG ratio of 1.54 and a beta of 1.20.

CNO Financial Group (NYSE:CNO) last released its earnings results on Wednesday, October 25th. The financial services provider reported $0.45 EPS for the quarter, topping the 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 firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the previous year, the firm earned $0.37 earnings per share. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. equities analysts expect that CNO Financial Group will post 1.65 EPS for the current fiscal year.

The business 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 $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend is Friday, December 8th. CNO Financial Group’s dividend payout ratio (DPR) is presently 13.00%.

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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.

Insider Buying and Selling by Quarter for CNO Financial Group (NYSE:CNO)

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