CNO Financial Group (CNO) to Release Quarterly Earnings on Thursday

CNO Financial Group (NYSE:CNO) is expected to be announcing its earnings results after the market closes on Thursday, February 6th. Analysts expect the company to announce earnings of $1.06 per share and revenue of $970.40 million for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

CNO Financial Group Stock Down 1.4 %

CNO Financial Group stock opened at $39.38 on Tuesday. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 1.50. CNO Financial Group has a 12-month low of $24.92 and a 12-month high of $40.91. The firm’s fifty day moving average is $38.24 and its 200 day moving average is $35.87. The company has a market capitalization of $4.06 billion, a PE ratio of 15.88 and a beta of 1.04.

CNO Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th were given a dividend of $0.16 per share. The ex-dividend date was Tuesday, December 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.63%. CNO Financial Group’s payout ratio is presently 25.81%.

Analysts Set New Price Targets

A number of analysts have commented on CNO shares. Piper Sandler boosted their price target on shares of CNO Financial Group from $42.00 to $44.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Jefferies Financial Group boosted their price target on shares of CNO Financial Group from $36.00 to $41.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. BMO Capital Markets started coverage on shares of CNO Financial Group in a research note on Thursday, January 23rd. They issued a “market perform” rating and a $38.00 target price for the company. Finally, Royal Bank of Canada boosted their price target on shares of CNO Financial Group from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, CNO Financial Group has an average rating of “Hold” and an average price target of $37.17.

Insider Buying and Selling at CNO Financial Group

In other news, CIO Eric R. Johnson sold 3,978 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $39.09, for a total transaction of $155,500.02. Following the completion of the transaction, the executive now directly owns 631,844 shares in the company, valued at $24,698,781.96. This trade represents a 0.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeremy David Williams sold 4,783 shares of CNO Financial Group stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $40.09, for a total value of $191,750.47. Following the completion of the sale, the insider now owns 62,121 shares of the company’s stock, valued at $2,490,430.89. The trade was a 7.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,745 shares of company stock worth $572,467 over the last ninety days. Insiders own 3.21% of the company’s stock.

About CNO Financial Group

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.