Brokerages expect that CNO Financial Group, Inc. (NYSE:CNO) will post earnings per share (EPS) of $0.42 for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for CNO Financial Group’s earnings. The lowest EPS estimate is $0.41 and the highest is $0.42. CNO Financial Group reported earnings per share of $0.35 in the same quarter last year, which indicates a positive year-over-year growth rate of 20%. The company is expected to issue its next earnings report on Tuesday, February 6th.
On average, analysts expect that CNO Financial Group will report full-year earnings of $1.65 per share for the current fiscal year, with EPS estimates ranging from $1.65 to $1.66. For the next fiscal year, analysts forecast that the firm will report earnings of $1.63 per share, with EPS estimates ranging from $1.60 to $1.65. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover CNO Financial Group.
CNO Financial Group (NYSE:CNO) last posted its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.06. CNO Financial Group had a net margin of 11.41% and a return on equity of 5.88%. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same quarter in the previous year, the company posted $0.37 EPS. CNO Financial Group’s revenue was up 6.2% on a year-over-year basis.
Several brokerages have commented on CNO. Goldman Sachs Group, Inc. (The) began coverage on shares of CNO Financial Group in a research report on Wednesday, October 18th. They set a “neutral” rating and a $24.00 target price for the company. Zacks Investment Research cut shares of CNO Financial Group from a “buy” rating to a “hold” rating in a research report on Monday, October 9th. BidaskClub upgraded shares of CNO Financial Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 2nd. Wells Fargo & Company set a $22.00 target price on shares of CNO Financial Group and gave the company a “hold” rating in a research report on Wednesday, October 25th. Finally, Morgan Stanley cut shares of CNO Financial Group from an “equal weight” rating to an “underweight” rating and set a $21.00 target price for the company. in a research report on Monday, August 14th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $22.25.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of CNO Financial Group by 9.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,976 shares of the financial services provider’s stock valued at $146,000 after buying an additional 622 shares in the last quarter. Riverhead Capital Management LLC increased its position in shares of CNO Financial Group by 71.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 9,252 shares of the financial services provider’s stock valued at $193,000 after buying an additional 3,852 shares in the last quarter. Trexquant Investment LP bought a new stake in shares of CNO Financial Group in the 2nd quarter valued at $202,000. New York State Teachers Retirement System increased its position in shares of CNO Financial Group by 197.6% in the 1st quarter. New York State Teachers Retirement System now owns 12,200 shares of the financial services provider’s stock valued at $250,000 after buying an additional 8,100 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of CNO Financial Group in the 3rd quarter valued at $292,000. Institutional investors and hedge funds own 94.22% of the company’s stock.
Shares of CNO Financial Group (CNO) traded up $0.15 during trading on Friday, hitting $23.79. 507,159 shares of the company’s stock traded hands, compared to its average volume of 990,957. The company has a market cap of $3,991.06, a PE ratio of 14.96, a price-to-earnings-growth ratio of 1.44 and a beta of 1.21. CNO Financial Group has a 52 week low of $17.47 and a 52 week high of $25.07. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.52.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 26th. Investors of record on Monday, December 11th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Friday, December 8th. CNO Financial Group’s dividend payout ratio is currently 13.00%.
CNO Financial Group Company Profile
CNO Financial Group, Inc is a holding company for a group of insurance companies operating throughout the United States that develops, markets and administers health insurance, annuity, individual life insurance and other insurance products. The Company’s segments include Bankers Life, Washington National and Colonial Penn.
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