CNO Financial Group (CNO) Scheduled to Post Earnings on Thursday

CNO Financial Group (NYSE:CNO) will release its earnings data after the market closes on Thursday, October 31st. Analysts expect CNO Financial Group to post earnings of $0.84 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings results on Monday, July 29th. The financial services provider reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.33. CNO Financial Group had a return on equity of 18.30% and a net margin of 9.96%. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $929.99 million. During the same quarter in the previous year, the company posted $0.54 earnings per share. CNO Financial Group’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, analysts expect CNO Financial Group to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

CNO Financial Group Stock Performance

Shares of CNO stock opened at $35.10 on Thursday. CNO Financial Group has a 1-year low of $22.27 and a 1-year high of $36.65. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 1.66. The company has a market capitalization of $3.80 billion, a price-to-earnings ratio of 10.23 and a beta of 1.01. The stock’s fifty day simple moving average is $34.22 and its 200-day simple moving average is $30.44.

CNO Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th were given a dividend of $0.16 per share. The ex-dividend date was Tuesday, September 10th. This represents a $0.64 dividend on an annualized basis and a yield of 1.82%. CNO Financial Group’s payout ratio is 18.66%.

Insider Activity

In other news, insider Jeanne L. Linnenbringer sold 5,435 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $34.26, for a total value of $186,203.10. Following the sale, the insider now directly owns 37,663 shares in the company, valued at approximately $1,290,334.38. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Jeanne L. Linnenbringer sold 5,435 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $34.26, for a total value of $186,203.10. Following the transaction, the insider now directly owns 37,663 shares of the company’s stock, valued at $1,290,334.38. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeanne L. Linnenbringer sold 5,364 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $34.88, for a total value of $187,096.32. Following the completion of the transaction, the insider now directly owns 44,884 shares in the company, valued at $1,565,553.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CNO shares. Piper Sandler lifted their price objective on CNO Financial Group from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Evercore ISI boosted their price target on CNO Financial Group from $27.00 to $29.00 and gave the stock an “underperform” rating in a research report on Wednesday, July 31st. Royal Bank of Canada lifted their price objective on CNO Financial Group from $30.00 to $38.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Finally, Keefe, Bruyette & Woods lifted their price objective on CNO Financial Group from $30.00 to $31.00 and gave the stock a “market perform” rating in a research note on Monday, July 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $34.00.

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.