CNO Financial Group Inc (CNO) Expected to Post Earnings of $0.41 Per Share

Wall Street analysts expect CNO Financial Group Inc (NYSE:CNO) to report earnings of $0.41 per share for the current quarter, Zacks reports. Zero analysts have issued estimates for CNO Financial Group’s earnings, with the highest EPS estimate coming in at $0.42 and the lowest estimate coming in at $0.41. CNO Financial Group posted earnings of $0.35 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 17.1%. The firm is scheduled to report its next quarterly earnings report on Tuesday, February 6th.

According to Zacks, 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 anticipate that the business will post earnings of $1.96 per share, with EPS estimates ranging from $1.91 to $2.00. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow CNO Financial Group.

CNO Financial Group (NYSE:CNO) last released its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.06. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1 billion. CNO Financial Group had a net margin of 11.41% and a return on equity of 5.88%. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period last year, the firm earned $0.37 EPS.

A number of equities research analysts recently issued reports on CNO shares. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $24.00 target price on shares of CNO Financial Group in a research report on Thursday, December 21st. B. Riley reiterated a “buy” rating on shares of CNO Financial Group in a research report on Monday, November 6th. Wells Fargo & Co set a $22.00 target price on shares of CNO Financial Group and gave the stock a “hold” rating in a research report on Wednesday, October 25th. 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. Finally, Goldman Sachs Group started 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $22.75.

Shares of CNO Financial Group (CNO) traded down $0.29 during trading on Wednesday, hitting $26.09. 715,278 shares of the company were exchanged, compared to its average volume of 811,319. The firm has a market cap of $4,380.00, a PE ratio of 9.42, a P/E/G ratio of 1.47 and a beta of 1.20. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.52. CNO Financial Group has a 1-year low of $18.53 and a 1-year high of $26.47.

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 26th. Investors of record on Monday, December 11th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date was Friday, December 8th. CNO Financial Group’s dividend payout ratio (DPR) is currently 13.00%.

Institutional investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position in 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 acquiring an additional 622 shares in the last quarter. Riverhead Capital Management LLC increased its position in 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 acquiring an additional 3,852 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in CNO Financial Group in the 3rd quarter valued at about $292,000. Paragon Capital Management Ltd acquired a new stake in CNO Financial Group in the 3rd quarter valued at about $301,000. Finally, Verition Fund Management LLC acquired a new stake in CNO Financial Group in the 2nd quarter valued at about $323,000. Institutional investors and hedge funds own 95.13% of the company’s stock.

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About CNO Financial Group

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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Earnings History and Estimates for CNO Financial Group (NYSE:CNO)

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