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

CNO Financial Group (NYSE:CNO) is set to post its quarterly earnings results 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 participating in the company’s conference call can do so using this link.

CNO Financial Group (NYSE:CNO) last posted its quarterly earnings data on Monday, July 29th. The financial services provider reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.33. CNO Financial Group had a net margin of 9.96% and a return on equity of 18.30%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $929.99 million. During the same period in the prior year, the business posted $0.54 EPS. The company’s quarterly revenue was up 4.2% on a year-over-year basis. 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 Trading Down 0.4 %

Shares of NYSE:CNO opened at $35.10 on Thursday. CNO Financial Group has a 52-week low of $22.27 and a 52-week high of $36.65. The company has a market capitalization of $3.80 billion, a P/E ratio of 10.23 and a beta of 1.01. The company has a 50-day simple moving average of $34.22 and a 200 day simple moving average of $30.44. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.19 and a current ratio of 0.19.

CNO Financial Group Announces Dividend

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

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at CNO Financial Group

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

CNO Financial Group Company Profile

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.