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 are interested in registering for the company’s conference call can do so using this link.

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

CNO stock opened at $39.39 on Tuesday. The stock has a market capitalization of $4.07 billion, a PE ratio of 15.88 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 current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 1.50. The stock’s 50 day simple moving average is $38.21 and its 200 day simple moving average is $35.52.

CNO Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th were given a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $0.64 annualized dividend and a yield of 1.62%. CNO Financial Group’s dividend payout ratio (DPR) is presently 25.81%.

Insiders Place Their Bets

In other CNO Financial Group news, CMO Rocco F. Tarasi III sold 4,500 shares of the 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 transaction, the chief marketing officer now owns 72,896 shares of the company’s stock, valued at $2,734,328.96. This represents a 5.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CIO Eric R. Johnson sold 3,978 shares of the stock in a transaction dated 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 trade represents a 0.63 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,745 shares of company stock worth $572,467. Corporate 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 upped their price objective on CNO Financial Group from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Piper Sandler upped their price objective on CNO Financial Group from $42.00 to $44.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. BMO Capital Markets began coverage on 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. Finally, Jefferies Financial Group increased their price target on CNO Financial Group from $36.00 to $41.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $37.17.

CNO Financial Group Company Profile

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.