Equities research analysts expect CNO Financial Group, Inc. (NYSE:CNO – Get Rating) to announce $0.60 earnings per share for the current quarter, Zacks reports. Two analysts have issued estimates for CNO Financial Group’s earnings. CNO Financial Group posted earnings of $0.55 per share in the same quarter last year, which would suggest a positive year over year growth rate of 9.1%. The firm is scheduled to report its next quarterly earnings results on Wednesday, April 27th.
According to Zacks, analysts expect that CNO Financial Group will report full-year earnings of $2.38 per share for the current financial year, with EPS estimates ranging from $2.30 to $2.55. For the next financial year, analysts forecast that the company will report earnings of $2.60 per share, with EPS estimates ranging from $2.55 to $2.65. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow CNO Financial Group.
CNO Financial Group (NYSE:CNO – Get Rating) last posted its quarterly earnings results on Tuesday, February 8th. The financial services provider reported $0.87 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.27. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $906.40 million. CNO Financial Group had a return on equity of 7.07% and a net margin of 10.70%. CNO Financial Group’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.57 earnings per share.
A number of equities analysts have issued reports on CNO shares. Jefferies Financial Group started coverage on CNO Financial Group in a report on Tuesday, January 25th. They set a “hold” rating and a $25.00 price target on the stock. Zacks Investment Research upgraded CNO Financial Group from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Tuesday, December 21st. Piper Sandler cut CNO Financial Group from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $29.00 to $27.00 in a report on Wednesday, January 5th. Finally, Morgan Stanley increased their target price on CNO Financial Group from $27.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, January 7th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, CNO Financial Group has an average rating of “Hold” and a consensus price target of $26.50.
Shares of NYSE CNO opened at $24.33 on Thursday. The company has a current ratio of 0.21, a quick ratio of 0.22 and a debt-to-equity ratio of 0.54. The company has a market cap of $3.00 billion, a price-to-earnings ratio of 7.24 and a beta of 1.27. CNO Financial Group has a 12 month low of $21.88 and a 12 month high of $27.89. The stock has a 50-day moving average price of $24.88 and a two-hundred day moving average price of $24.48.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 24th. Stockholders of record on Thursday, March 10th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend is Wednesday, March 9th. CNO Financial Group’s dividend payout ratio is presently 15.48%.
Several institutional investors have recently made changes to their positions in CNO. Strs Ohio increased its position in shares of CNO Financial Group by 83.3% during the 4th quarter. Strs Ohio now owns 1,100 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 500 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new position in shares of CNO Financial Group during the 4th quarter worth $39,000. Sageworth Trust Co of South Dakota bought a new position in shares of CNO Financial Group during the 4th quarter worth $51,000. Meeder Asset Management Inc. grew its stake in shares of CNO Financial Group by 295.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 2,660 shares of the financial services provider’s stock worth $63,000 after acquiring an additional 1,987 shares during the period. Finally, Point72 Hong Kong Ltd bought a new position in shares of CNO Financial Group during the 3rd quarter worth $71,000. 95.55% of the stock is owned by hedge funds and other institutional investors.
CNO Financial Group Company Profile (Get Rating)
CNO Financial Group, Inc is an insurance holding company, which engages in developing, marketing, and administering health insurance, annuity, individual life insurance and other insurance products. It operates through the following segments: Bankers Life, Washington National, and Colonial Penn. The Bankers Life segment markets and distributes medicare supplement insurance, interest-sensitive life insurance, traditional life insurance, fixed annuities and long-term care insurance products to the middle-income senior market through a dedicated field force of career agents and sales managers supported by a network of community-based sales offices.
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