Analysts Offer Predictions for CNO Financial Group, Inc.’s Q1 2022 Earnings (NYSE:CNO)

CNO Financial Group, Inc. (NYSE:CNOGet Rating) – Equities researchers at Jefferies Financial Group decreased their Q1 2022 earnings estimates for CNO Financial Group in a report released on Sunday, April 10th. Jefferies Financial Group analyst D. Bergman now expects that the financial services provider will post earnings per share of $0.58 for the quarter, down from their previous forecast of $0.63. Jefferies Financial Group has a “Hold” rating and a $25.00 price objective on the stock. Jefferies Financial Group also issued estimates for CNO Financial Group’s Q4 2022 earnings at $0.59 EPS, Q3 2023 earnings at $0.65 EPS and Q4 2023 earnings at $0.65 EPS.

CNO has been the subject of a number of other research reports. B. Riley reissued a “buy” rating on shares of CNO Financial Group in a report on Friday, March 4th. Morgan Stanley lowered 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. Zacks Investment Research raised CNO Financial Group from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Tuesday, December 21st. Piper Sandler cut CNO Financial Group from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $29.00 to $27.00 in a report on Wednesday, January 5th. Finally, StockNews.com initiated coverage on CNO Financial Group in a report on Thursday, March 31st. They issued a “hold” rating for the company. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $26.00.

CNO Financial Group stock opened at $25.43 on Wednesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.21 and a current ratio of 0.21. CNO Financial Group has a 52 week low of $21.88 and a 52 week high of $27.89. The stock has a market capitalization of $3.01 billion, a P/E ratio of 7.57 and a beta of 1.25. The stock has a fifty day moving average of $24.62 and a 200-day moving average of $24.66.

CNO Financial Group (NYSE:CNOGet Rating) last released its earnings results on Tuesday, February 8th. The financial services provider reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.28. CNO Financial Group had a return on equity of 7.07% and a net margin of 10.70%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $906.40 million. During the same period in the prior year, the company posted $0.57 EPS. The company’s revenue was down .1% compared to the same quarter last year.

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

A number of institutional investors and hedge funds have recently modified their holdings of the business. Diversified Trust Co increased its stake 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 buying an additional 4,394 shares during the period. Norges Bank acquired a new stake in shares of CNO Financial Group in the fourth quarter valued at about $28,741,000. Barclays PLC increased its stake in shares of CNO Financial Group by 32.5% in the fourth quarter. Barclays PLC now owns 190,987 shares of the financial services provider’s stock valued at $4,554,000 after buying an additional 46,834 shares during the period. Vident Investment Advisory LLC increased its stake in shares of CNO Financial Group by 4.6% in the fourth quarter. Vident Investment Advisory LLC now owns 29,237 shares of the financial services provider’s stock valued at $697,000 after buying an additional 1,293 shares during the period. Finally, Comerica Bank increased its stake in shares of CNO Financial Group by 1.2% in the fourth 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 during the period. 95.55% of the stock is owned by institutional investors and hedge funds.

About CNO Financial Group (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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