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CNO Financial Group Inc (NYSE:CNO). shares soared to an all-time high this week, reaching a price level of $41.56. With a market capitalization of $4.22 billion and a P/E ratio of 10.88, InvestingPro analysis indicates the stock is currently trading near its Fair Value. The milestone underscores a period of robust performance for the company, which has seen its stock value surge by an impressive 55.96% over the past year. Investors have rallied behind CNO Financial, buoyed by the company’s strategic initiatives and strong financial results, including 7.3% revenue growth and a steady 1.58% dividend yield. The company’s management has been actively buying back shares, and CNO has maintained dividend payments for 13 consecutive years, according to InvestingPro, which offers 8 additional key insights about the company’s performance and prospects in its comprehensive Pro Research Report.
In other recent news, CNO Financial Group has been the subject of recent analyst updates. RBC Capital Markets has raised the price target for CNO Financial from $40 to $45, maintaining an Outperform rating. This update follows impressive quarterly results from the company, exceeding expectations with robust segment performance and significant top-line growth in its operating channels. Additionally, CNO Financial has set a conservative yet achievable initial earnings per share (EPS) guidance for 2025, aiming to improve its return on equity (ROE) by 150 basis points over the next three years.
In parallel, Piper Sandler maintained its Overweight rating on shares of CNO Financial, with a steady price target of $42. This rating is supported by recent developments, including the nearing completion of a year since the establishment of CNO Bermuda and anticipated improvements in the company’s cost structure. Piper Sandler also noted the company’s robust distribution network, fueled by strong recruitment trends, and the compelling valuation of CNO Financial within the consolidating life insurance sector.
These recent developments underscore the attention CNO Financial has garnered from analysts, reflecting the company’s strong performance and strategic growth initiatives.
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