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NYSE:CNO

CNO Financial Group (CNO) Stock Price, News & Analysis

CNO Financial Group logo
$38.95 -0.10 (-0.26%)
(As of 11/15/2024 ET)

About CNO Financial Group Stock (NYSE:CNO)

Key Stats

Today's Range
$38.62
$39.42
50-Day Range
$32.11
$39.99
52-Week Range
$24.92
$40.29
Volume
500,790 shs
Average Volume
675,550 shs
Market Capitalization
$4.02 billion
P/E Ratio
15.71
Dividend Yield
1.64%
Price Target
$34.50
Consensus Rating
Hold

Company Overview

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. The company also focuses on sale of voluntary benefit life and health insurance products for businesses, associations, and other membership groups by interacting with customers at their place of employment. In addition, it provides fixed indexed annuities; fixed interest annuities, including fixed rate single and flexible premium deferred annuities; single premium immediate annuities; supplemental health products, such as specified disease, accident, and hospital indemnity products; and long-term care plans primarily to retirees and older self-employed individuals in the middle-income market. Further, the company offers universal life and other interest-sensitive life products; and traditional life policies that include whole life, graded benefit life, term life, and single premium whole life products, as well as graded benefit life insurance products. It markets its products under the Bankers Life, Washington National, and Colonial Penn brand names. The company was founded in 1979 and is headquartered in Carmel, Indiana.

CNO Financial Group Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
85th Percentile Overall Score

CNO MarketRank™: 

CNO Financial Group scored higher than 85% of companies evaluated by MarketBeat, and ranked 227th out of 963 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    CNO Financial Group has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 2 buy ratings, 1 hold rating, and 1 sell rating.

  • Amount of Analyst Coverage

    CNO Financial Group has only been the subject of 2 research reports in the past 90 days.

  • Read more about CNO Financial Group's stock forecast and price target.
  • Earnings Growth

    Earnings for CNO Financial Group are expected to grow by 0.80% in the coming year, from $3.73 to $3.76 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of CNO Financial Group is 15.71, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 110.97.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of CNO Financial Group is 15.71, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 26.18.

  • Price to Book Value per Share Ratio

    CNO Financial Group has a P/B Ratio of 1.50. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about CNO Financial Group's valuation and earnings.
  • Percentage of Shares Shorted

    1.93% of the float of CNO Financial Group has been sold short.
  • Short Interest Ratio / Days to Cover

    CNO Financial Group has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in CNO Financial Group has recently increased by 9.60%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    CNO Financial Group pays a meaningful dividend of 1.64%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    CNO Financial Group has been increasing its dividend for 12 years.

  • Dividend Coverage

    The dividend payout ratio of CNO Financial Group is 25.81%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, CNO Financial Group will have a dividend payout ratio of 17.02% next year. This indicates that CNO Financial Group will be able to sustain or increase its dividend.

  • Read more about CNO Financial Group's dividend.
  • Percentage of Shares Shorted

    1.93% of the float of CNO Financial Group has been sold short.
  • Short Interest Ratio / Days to Cover

    CNO Financial Group has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in CNO Financial Group has recently increased by 9.60%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    CNO Financial Group has a news sentiment score of 0.32. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.68 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 13 news articles for CNO Financial Group this week, compared to 4 articles on an average week.
  • Search Interest

    Only 1 people have searched for CNO on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • MarketBeat Follows

    Only 1 people have added CNO Financial Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, CNO Financial Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $565,050.00 in company stock.

  • Percentage Held by Insiders

    Only 3.00% of the stock of CNO Financial Group is held by insiders.

  • Percentage Held by Institutions

    95.43% of the stock of CNO Financial Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about CNO Financial Group's insider trading history.
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CNO Stock News Headlines

CNO Financial declares $0.16 dividend
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CNO Financial management to meet with Piper Sandler
Jefferies Remains a Hold on CNO Financial (CNO)
RBC Capital Remains a Buy on CNO Financial (CNO)
See More Headlines

CNO Stock Analysis - Frequently Asked Questions

CNO Financial Group's stock was trading at $27.90 on January 1st, 2024. Since then, CNO stock has increased by 39.6% and is now trading at $38.95.
View the best growth stocks for 2024 here
.

CNO Financial Group, Inc. (NYSE:CNO) posted its quarterly earnings data on Thursday, October, 31st. The financial services provider reported $1.11 EPS for the quarter, topping analysts' consensus estimates of $0.82 by $0.29. The firm's revenue was up 19.2% on a year-over-year basis.

Top institutional investors of CNO Financial Group include State Street Corp (4.67%), Pzena Investment Management LLC (4.33%), Geode Capital Management LLC (2.46%) and Assenagon Asset Management S.A. (1.11%). Insiders that own company stock include Gary C Bhojwani, Matthew J Zimpfer, Paul H Mcdonough, Scott L Goldberg, Rocco F Tarasi III, Karen Detoro, John R Kline, Jeremy David Williams, Frederick James Sievert, Steven E Shebik, Jeanne L Linnenbringer, Michael E Mead, David B Foss and Yvonne K Franzese.
View institutional ownership trends
.

Shares of CNO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that CNO Financial Group investors own include American Water Works (AWK), Humana (HUM), Waste Connections (WCN), The RMR Group (RMR), Voyager Therapeutics (VYGR), DiamondRock Hospitality (DRH) and AUO (AUOTY).

Company Calendar

Ex-Dividend for 9/24 Dividend
9/10/2024
Dividend Payable
9/24/2024
Last Earnings
10/31/2024
Today
11/17/2024
Ex-Dividend for 12/24 Dividend
12/10/2024
Dividend Payable
12/24/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/04/2025

Industry, Sector and Symbol

Sector
Finance
Industry
Accident & health insurance
Sub-Industry
Life & Health Insurance
CUSIP
12621E10
Employees
3,500
Year Founded
1979

Price Target and Rating

Average Stock Price Target
$34.50
High Stock Price Target
$40.00
Low Stock Price Target
$29.00
Potential Upside/Downside
-11.4%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Net Income
$276.50 million
Pretax Margin
7.82%

Debt

Sales & Book Value

Annual Sales
$4.52 billion
Cash Flow
$3.15 per share
Book Value
$26.04 per share

Miscellaneous

Free Float
100,113,000
Market Cap
$4.02 billion
Optionable
Optionable
Beta
1.01

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This page (NYSE:CNO) was last updated on 11/17/2024 by MarketBeat.com Staff
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