Brokerages Anticipate CNO Financial Group, Inc. (NYSE:CNO) to Post $0.57 Earnings Per Share

Analysts expect CNO Financial Group, Inc. (NYSE:CNO – Get Rating) to post earnings of $0.57 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for CNO Financial Group’s earnings. The highest EPS estimate is $0.60 and the lowest is $0.54. CNO Financial Group posted earnings of $0.55 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 3.6%. The firm is expected to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that CNO Financial Group will report full-year earnings of $2.36 per share for the current financial year, with EPS estimates ranging from $2.35 to $2.40. For the next fiscal year, analysts forecast that the business will post earnings of $2.59 per share, with EPS estimates ranging from $2.50 to $2.70. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for 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 $0.59 by $0.28. CNO Financial Group had a net margin of 10.70% and a return on equity of 7.07%. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $906.40 million. During the same quarter in the prior year, the company posted $0.57 earnings per share. The business’s revenue for the quarter was down .1% on a year-over-year basis.

CNO has been the topic of a number of research reports. Zacks Investment Research upgraded shares of CNO Financial Group from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Tuesday, December 21st. Piper Sandler lowered shares of CNO Financial Group from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $29.00 to $27.00 in a report on Wednesday, January 5th. Morgan Stanley reduced their price target on shares of 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. Jefferies Financial Group began coverage on shares of CNO Financial Group in a research note on Tuesday, January 25th. They set a “hold” rating and a $25.00 price objective for the company. Finally, StockNews.com assumed coverage on shares of CNO Financial Group in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $26.00.

Institutional investors have recently added to or reduced their stakes in the company. Diversified Trust Co grew its holdings in shares of CNO Financial Group by 17.6% in the first quarter. Diversified Trust Co now owns 29,353 shares of the financial services provider’s stock valued at $736,000 after purchasing an additional 4,394 shares in the last quarter. Norges Bank acquired a new position in CNO Financial Group during the 4th quarter worth approximately $28,741,000. Barclays PLC grew its holdings in CNO Financial Group by 32.5% during the 4th quarter. Barclays PLC now owns 190,987 shares of the financial services provider’s stock worth $4,554,000 after acquiring an additional 46,834 shares in the last quarter. Vident Investment Advisory LLC grew its holdings in CNO Financial Group by 4.6% during the 4th quarter. Vident Investment Advisory LLC now owns 29,237 shares of the financial services provider’s stock worth $697,000 after acquiring an additional 1,293 shares in the last quarter. Finally, Comerica Bank boosted its holdings in shares of CNO Financial Group by 1.2% in the 4th quarter. Comerica Bank now owns 109,456 shares of the financial services provider’s stock valued at $2,742,000 after buying an additional 1,306 shares in the last quarter. 95.55% of the stock is currently owned by institutional investors and hedge funds.

Shares of CNO stock traded up $0.72 on Wednesday, hitting $25.43. 677,657 shares of the stock traded hands, compared to its average volume of 981,268. The firm has a market cap of $3.01 billion, a price-to-earnings ratio of 7.35 and a beta of 1.25. CNO Financial Group has a 52 week low of $21.88 and a 52 week high of $27.89. The firm has a 50 day simple moving average of $24.61 and a two-hundred day simple moving average of $24.66. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.21 and a quick ratio of 0.21.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 24th. Shareholders of record on Thursday, March 10th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date was Wednesday, March 9th. CNO Financial Group’s dividend payout ratio (DPR) is presently 15.48%.

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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