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

CNO Financial Group (NYSE:CNO) is scheduled to be issuing 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 announced its quarterly earnings results on Tuesday, February 6th. The financial services provider reported $1.18 EPS for the quarter, beating the consensus estimate of $0.85 by $0.33. CNO Financial Group had a return on equity of 17.51% and a net margin of 6.67%. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate 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 Stock Down 0.2 %

CNO opened at $26.40 on Friday. The stock 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 1-year low of $19.95 and a 1-year high of $28.39. The business has a 50 day moving average of $26.63 and a 200-day moving average of $26.26. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 1.50.

CNO Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were given a $0.15 dividend. The ex-dividend date was Thursday, March 7th. This represents a $0.60 annualized dividend and a yield of 2.27%. CNO Financial Group’s dividend payout ratio (DPR) is currently 24.90%.

Insider Buying and Selling at CNO Financial Group

In other CNO Financial Group 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 value of $514,403.84. Following the completion of 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 filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Paul H. Mcdonough sold 10,828 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $26.36, for a total transaction of $285,426.08. Following the completion of the sale, the chief financial officer now owns 192,134 shares of the company’s stock, valued at $5,064,652.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gary C. Bhojwani sold 18,692 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $27.52, for a total value of $514,403.84. Following the completion of the sale, the chief executive officer now directly owns 314,002 shares of the company’s stock, valued at approximately $8,641,335.04. The disclosure for this sale can be found here. Over the last three months, insiders sold 152,590 shares of company stock worth $4,116,255. 3.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CNO has been the subject of a number of research reports. StockNews.com lowered CNO Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, April 12th. Piper Sandler upgraded CNO Financial Group from a “neutral” rating to an “overweight” rating and set a $29.00 target price for the company in a research report on Tuesday, April 16th. Royal Bank of Canada lifted their price objective on CNO Financial Group from $29.00 to $30.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. Finally, Evercore ISI boosted their target price 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $27.50.

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.