CNO Financial Group (CNO) Projected to Post Quarterly Earnings on Thursday

CNO Financial Group (NYSE:CNO - Get Free Report) is projected to release its earnings data after the market closes on Thursday, February 6th. Analysts expect CNO Financial Group to post earnings of $1.06 per share and revenue of $970.40 million for the quarter. Parties interested in participating in the company's conference call can do so using this link.

CNO Financial Group (NYSE:CNO - Get Free Report) last posted its earnings results on Thursday, October 31st. The financial services provider reported $1.11 EPS for the quarter, beating the consensus estimate of $0.82 by $0.29. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $945.44 million. CNO Financial Group had a return on equity of 17.53% and a net margin of 6.06%. The business's quarterly revenue was up 19.2% on a year-over-year basis. During the same period last year, the company earned $0.88 earnings per share. On average, analysts expect CNO Financial Group to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

CNO Financial Group Trading Down 0.3 %

Shares of NYSE:CNO traded down $0.12 during midday trading on Friday, hitting $40.02. 246,406 shares of the stock were exchanged, compared to its average volume of 438,171. The business's 50-day moving average price is $38.26 and its 200 day moving average price is $35.65. The stock has a market capitalization of $4.13 billion, a price-to-earnings ratio of 16.18 and a beta of 1.04. CNO Financial Group has a 12 month low of $24.92 and a 12 month high of $40.91. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.19 and a current ratio of 0.19.

CNO Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend was Tuesday, December 10th. CNO Financial Group's payout ratio is 25.81%.

Analyst Ratings Changes

A number of brokerages have recently commented on CNO. BMO Capital Markets began coverage on shares of CNO Financial Group in a report on Thursday, January 23rd. They set a "market perform" rating and a $38.00 price target on the stock. Jefferies Financial Group lifted their target price on CNO Financial Group from $36.00 to $41.00 and gave the stock a "hold" rating in a report on Tuesday, December 10th. Royal Bank of Canada increased their price target on CNO Financial Group from $38.00 to $40.00 and gave the company an "outperform" rating in a research note on Monday, November 4th. Finally, Piper Sandler lifted their price objective on CNO Financial Group from $42.00 to $44.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, CNO Financial Group has an average rating of "Hold" and a consensus price target of $37.17.

Insider Activity

In other news, CMO Rocco F. Tarasi III sold 1,484 shares of CNO Financial Group stock in a transaction on Monday, December 16th. The shares were sold at an average price of $38.02, for a total value of $56,421.68. Following the completion of the sale, the chief marketing officer now owns 79,896 shares in the company, valued at $3,037,645.92. The trade was a 1.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CIO Eric R. Johnson sold 3,978 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $39.09, for a total transaction of $155,500.02. Following the transaction, the executive now directly owns 631,844 shares in the company, valued at approximately $24,698,781.96. This represents a 0.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,745 shares of company stock valued at $572,467 in the last ninety days. 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.