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

CNO Financial Group (NYSE:CNO) is expected to issue its quarterly earnings data before the market opens on Tuesday, February 4th. Analysts expect the company to announce earnings of $1.06 per share and revenue of $986,110.00 billion for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

CNO Financial Group (NYSE:CNO) last announced its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.29. CNO Financial Group had a return on equity of 17.53% and a net margin of 6.06%. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $945.44 million. During the same period last year, the firm earned $0.88 earnings per share. The company’s revenue for the quarter was up 19.2% compared to the same quarter last year. 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 Stock Up 1.4 %

Shares of NYSE:CNO opened at $39.39 on Tuesday. The stock’s 50-day moving average price is $38.21 and its 200-day moving average price is $35.52. CNO Financial Group has a 12-month low of $24.92 and a 12-month high of $40.91. The stock has a market capitalization of $4.07 billion, a P/E ratio of 15.88 and a beta of 1.04. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 10th were paid a dividend of $0.16 per share. The ex-dividend date was Tuesday, December 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.62%. CNO Financial Group’s dividend payout ratio (DPR) is currently 25.81%.

Insiders Place Their Bets

In other CNO Financial Group news, CMO Rocco F. Tarasi III sold 1,484 shares of the firm’s stock in a transaction dated 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 directly owns 79,896 shares in the company, valued at $3,037,645.92. This trade represents a 1.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CIO Eric R. Johnson sold 3,978 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $39.09, for a total transaction of $155,500.02. Following the completion of the sale, the executive now owns 631,844 shares of the company’s stock, valued at $24,698,781.96. This trade represents a 0.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,745 shares of company stock worth $572,467 over the last three months. Company insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on CNO. Royal Bank of Canada raised their target price on CNO Financial Group from $38.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. BMO Capital Markets began coverage on CNO Financial Group in a research note on Thursday, January 23rd. They issued a “market perform” rating and a $38.00 target price on the stock. Jefferies Financial Group raised their target price on CNO Financial Group from $36.00 to $41.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. Finally, Piper Sandler raised their target price 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 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 company. Based on data from MarketBeat.com, CNO Financial Group currently has a consensus rating of “Hold” and an average price target of $37.17.

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.