CNO Financial Group, Inc. (NYSE:CNO - Get Free Report) declared a quarterly dividend on Wednesday, February 12th,RTT News reports. Shareholders of record on Monday, March 10th will be given a dividend of 0.16 per share by the financial services provider on Monday, March 24th. This represents a $0.64 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date is Monday, March 10th.
CNO Financial Group has raised its dividend payment by an average of 7.3% per year over the last three years. CNO Financial Group has a payout ratio of 15.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect CNO Financial Group to earn $4.15 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 15.4%.
CNO Financial Group Trading Down 0.2 %
Shares of CNO stock traded down $0.08 on Friday, hitting $41.42. The stock had a trading volume of 837,643 shares, compared to its average volume of 447,921. The company's 50 day moving average price is $38.43 and its 200-day moving average price is $36.44. CNO Financial Group has a 1 year low of $24.92 and a 1 year high of $42.02. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.19 and a quick ratio of 0.19. The firm has a market capitalization of $4.27 billion, a P/E ratio of 11.07 and a beta of 1.04.
CNO Financial Group (NYSE:CNO - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.31 earnings per share for the quarter, beating analysts' consensus estimates of $1.06 by $0.25. CNO Financial Group had a net margin of 9.08% and a return on equity of 17.21%. Analysts anticipate that CNO Financial Group will post 3.79 earnings per share for the current year.
Wall Street Analysts Forecast Growth
CNO has been the subject of a number of analyst reports. BMO Capital Markets assumed coverage on CNO Financial Group in a research report on Thursday, January 23rd. They set a "market perform" rating and a $38.00 price objective for the company. Jefferies Financial Group raised their price objective on shares of CNO Financial Group from $36.00 to $41.00 and gave the company a "hold" rating in a report on Tuesday, December 10th. Piper Sandler reiterated an "overweight" rating and set a $46.00 target price (up previously from $44.00) on shares of CNO Financial Group in a research note on Monday, February 10th. Royal Bank of Canada lifted their price target on shares of CNO Financial Group from $40.00 to $45.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of CNO Financial Group from $42.00 to $44.00 and gave the company a "market perform" rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $40.50.
Get Our Latest Report on CNO
Insider Transactions at CNO Financial Group
In other news, CIO Eric R. Johnson sold 3,978 shares of the company's stock in a transaction on Monday, November 18th. The shares were 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 of the company's stock, valued at $24,698,781.96. This represents a 0.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Rocco F. Tarasi III sold 4,500 shares of the firm's stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $37.51, for a total transaction of $168,795.00. Following the completion of the sale, the chief marketing officer now owns 72,896 shares of the company's stock, valued at $2,734,328.96. This trade represents a 5.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,962 shares of company stock worth $380,717 over the last ninety days. 3.00% of the stock is currently owned by company insiders.
About CNO Financial Group
(
Get Free Report)
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.
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