CNO Financial Group (CNO) Scheduled to Post Quarterly Earnings on Monday

CNO Financial Group (NYSE:CNO) is set to issue its quarterly earnings data after the market closes on Monday, April 29th. Analysts expect the company to announce earnings of $0.64 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

CNO Financial Group (NYSE:CNO) last posted its earnings results on Tuesday, February 6th. The financial services provider reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.33. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $934.05 million. CNO Financial Group had a return on equity of 17.51% and a net margin of 6.67%. 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 Stock Down 0.2 %

CNO Financial Group stock opened at $26.40 on Friday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.19 and a current ratio of 0.19. The firm has a market capitalization of $2.88 billion, a price-to-earnings ratio of 10.95 and a beta of 1.03. CNO Financial Group has a fifty-two week low of $19.95 and a fifty-two week high of $28.39. The stock’s fifty day moving average is $26.61 and its two-hundred day moving average is $26.29.

CNO Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date was Thursday, March 7th. CNO Financial Group’s payout ratio is currently 24.90%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, CEO Gary C. Bhojwani sold 18,692 shares of the stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $27.52, for a total transaction of $514,403.84. Following the transaction, the chief executive officer now directly owns 314,002 shares in the company, valued at $8,641,335.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Gary C. Bhojwani sold 18,692 shares of the firm’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $27.52, for a total value of $514,403.84. Following the transaction, the chief executive officer now directly owns 314,002 shares in the company, valued at approximately $8,641,335.04. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Gary C. Bhojwani sold 16,837 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $27.00, for a total value of $454,599.00. Following the completion of the transaction, the chief executive officer now owns 406,808 shares in the company, valued at $10,983,816. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 152,590 shares of company stock worth $4,116,255. 3.00% of the stock is owned by company insiders.

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.