Q2 2022 EPS Estimates for CNO Financial Group, Inc. (NYSE:CNO) Lowered by Analyst

CNO Financial Group, Inc. (NYSE:CNOGet Rating) – Research analysts at Jefferies Financial Group reduced their Q2 2022 earnings estimates for shares of CNO Financial Group in a research note issued to investors on Sunday, June 5th. Jefferies Financial Group analyst D. Bergman now expects that the financial services provider will post earnings per share of $0.53 for the quarter, down from their prior forecast of $0.57. Jefferies Financial Group also issued estimates for CNO Financial Group’s Q3 2022 earnings at $0.56 EPS, Q4 2022 earnings at $0.54 EPS, FY2022 earnings at $2.05 EPS, Q3 2023 earnings at $0.60 EPS and Q4 2023 earnings at $0.60 EPS.

CNO has been the subject of several other research reports. Piper Sandler decreased their price target on CNO Financial Group from $23.00 to $22.00 and set a “neutral” rating for the company in a report on Friday, May 27th. StockNews.com assumed coverage on CNO Financial Group in a report on Thursday, March 31st. They set a “hold” rating for the company. Morgan Stanley decreased their price target on CNO Financial Group from $29.00 to $28.00 and set an “equal weight” rating for the company in a report on Friday, April 8th. B. Riley reaffirmed a “buy” rating on shares of CNO Financial Group in a research report on Friday, March 4th. Finally, Zacks Investment Research downgraded shares of CNO Financial Group from a “hold” rating to a “strong sell” rating and set a $17.00 price target on the stock. in a report on Monday, May 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $23.00.

Shares of CNO Financial Group stock opened at $20.56 on Wednesday. The stock has a fifty day simple moving average of $22.61 and a 200 day simple moving average of $23.81. CNO Financial Group has a 12-month low of $18.96 and a 12-month high of $26.74. The company has a market capitalization of $2.38 billion, a P/E ratio of 6.40 and a beta of 1.20. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.75.

CNO Financial Group (NYSE:CNOGet Rating) last announced its quarterly earnings results on Monday, May 2nd. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.15). CNO Financial Group had a return on equity of 7.00% and a net margin of 10.25%. The company had revenue of $842.90 million for the quarter, compared to the consensus estimate of $915.85 million. During the same quarter last year, the company posted $0.55 EPS.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 24th. Investors of record on Friday, June 10th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Thursday, June 9th. This is an increase from CNO Financial Group’s previous quarterly dividend of $0.13. CNO Financial Group’s dividend payout ratio (DPR) is 16.20%.

In related news, Director David B. Foss acquired 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 19th. The stock was acquired at an average price of $19.53 per share, for a total transaction of $58,590.00. Following the completion of the acquisition, the director now owns 32,388 shares of the company’s stock, valued at approximately $632,537.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.70% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Strs Ohio increased its stake in shares of CNO Financial Group by 83.3% in the fourth quarter. Strs Ohio now owns 1,100 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 500 shares in the last quarter. MCF Advisors LLC purchased a new position in shares of CNO Financial Group in the first quarter worth about $38,000. C M Bidwell & Associates Ltd. purchased a new position in shares of CNO Financial Group in the fourth quarter worth about $39,000. Sageworth Trust Co of South Dakota purchased a new position in shares of CNO Financial Group in the fourth quarter worth about $51,000. Finally, Point72 Hong Kong Ltd purchased a new position in shares of CNO Financial Group in the third quarter worth about $71,000. Hedge funds and other institutional investors own 96.18% of the company’s stock.

CNO Financial Group Company Profile (Get Rating)

CNO Financial Group, Inc, through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, and other insurance products 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.

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Earnings History and Estimates for CNO Financial Group (NYSE:CNO)

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