CNO Financial Group (CNO) to Release 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. Individual that wish to register for the company’s earnings conference call can do so using this link.

CNO Financial Group (NYSE:CNO) last issued its earnings results on Tuesday, February 6th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.33. CNO Financial Group had a net margin of 6.67% and a return on equity of 17.51%. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations 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 Trading Up 1.9 %

Shares of CNO Financial Group stock opened at $26.19 on Monday. 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 stock has a market cap of $2.85 billion, a PE ratio of 10.87 and a beta of 1.03. The company has a 50-day moving average of $26.66 and a two-hundred day moving average of $26.21.

CNO Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.60 dividend on an annualized basis and a yield of 2.29%. CNO Financial Group’s dividend payout ratio (DPR) is presently 24.90%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Royal Bank of Canada increased their target price on shares of CNO Financial Group from $29.00 to $30.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. StockNews.com lowered shares of CNO Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. Evercore ISI increased their price target on shares of CNO Financial Group from $26.00 to $27.00 and gave the company an “underperform” rating in a research report on Wednesday, February 28th. Finally, Piper Sandler upgraded shares of CNO Financial Group from a “neutral” rating to an “overweight” rating and set a $29.00 price target on the stock in a research report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $27.50.

Insider Activity

In related news, EVP Yvonne K. Franzese sold 7,214 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $27.43, for a total transaction of $197,880.02. Following the sale, the executive vice president now owns 46,632 shares in the company, valued at $1,279,115.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, EVP Matthew J. Zimpfer sold 3,220 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $26.76, for a total transaction of $86,167.20. Following the sale, the executive vice president now owns 278,997 shares in the company, valued at $7,465,959.72. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Yvonne K. Franzese sold 7,214 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $27.43, for a total transaction of $197,880.02. Following the sale, the executive vice president now owns 46,632 shares in the company, valued at approximately $1,279,115.76. The disclosure for this sale can be found here. Insiders have sold 152,590 shares of company stock worth $4,116,255 over the last ninety days. 3.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CNO Financial Group

Large investors have recently bought and sold shares of the stock. Quarry LP purchased a new position in CNO Financial Group during the first quarter worth approximately $26,000. KBC Group NV purchased a new position in CNO Financial Group during the fourth quarter worth approximately $40,000. West Tower Group LLC purchased a new position in CNO Financial Group during the fourth quarter worth approximately $45,000. Castleview Partners LLC purchased a new position in CNO Financial Group during the first quarter worth approximately $63,000. Finally, Quantbot Technologies LP purchased a new position in CNO Financial Group during the first quarter worth approximately $184,000. Hedge funds and other institutional investors own 95.43% 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.