CNO Financial Group (CNO) Scheduled to Post Quarterly Earnings on Monday

CNO Financial Group (NYSE:CNO) is set to announce its earnings results after the market closes on Monday, April 29th. Analysts expect the company to announce earnings of $0.64 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

CNO Financial Group (NYSE:CNO) last posted its earnings results on Tuesday, February 6th. The financial services provider reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.33. CNO Financial Group had a return on equity of 17.51% and a net margin of 6.67%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $934.05 million. On average, analysts expect CNO Financial Group to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

CNO Financial Group Stock Down 0.2 %

Shares of NYSE CNO opened at $26.40 on Friday. CNO Financial Group has a 12 month low of $19.95 and a 12 month high of $28.39. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $2.88 billion, a price-to-earnings ratio of 10.95 and a beta of 1.03. The business has a 50-day moving average of $26.63 and a 200-day moving average of $26.26.

CNO Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.27%. The ex-dividend date was Thursday, March 7th. CNO Financial Group’s payout ratio is 24.90%.

Analyst Ratings Changes

Several research analysts have recently commented on CNO shares. Evercore ISI boosted their price objective on CNO Financial Group from $26.00 to $27.00 and gave the stock an “underperform” rating in a report on Wednesday, February 28th. StockNews.com lowered CNO Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, April 12th. Piper Sandler raised CNO Financial Group from a “neutral” rating to an “overweight” rating and set a $29.00 target price for the company in a research note on Tuesday, April 16th. Finally, Royal Bank of Canada upped their target price on CNO Financial Group from $29.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $27.50.

Insider Activity at CNO Financial Group

In other CNO Financial Group news, CFO Paul H. Mcdonough sold 10,828 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $26.36, for a total value of $285,426.08. Following the completion of the transaction, the chief financial officer now owns 192,134 shares in the company, valued at $5,064,652.24. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CFO Paul H. Mcdonough sold 10,828 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $26.36, for a total transaction of $285,426.08. Following the completion of the transaction, the chief financial officer now directly owns 192,134 shares in the company, valued at $5,064,652.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Karen Detoro sold 2,778 shares of the stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $27.10, for a total value of $75,283.80. Following the sale, the insider now directly owns 69,605 shares in the company, valued at $1,886,295.50. The disclosure for this sale can be found here. Insiders sold a total of 152,590 shares of company stock worth $4,116,255 over the last quarter. 3.00% of the stock is owned by corporate insiders.

CNO Financial Group Company Profile

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