CNO Financial Group (NYSE:CNO) Announces Earnings Results

CNO Financial Group (NYSE:CNO) posted its quarterly earnings data on Thursday. The financial services provider reported $1.31 EPS for the quarter, topping the consensus estimate of $1.06 by $0.25, Zacks reports. CNO Financial Group had a return on equity of 17.53% and a net margin of 6.06%.

CNO Financial Group Stock Down 0.4 %

CNO opened at $39.92 on Friday. The company has a market capitalization of $4.12 billion, a PE ratio of 16.10 and a beta of 1.04. The firm has a 50-day simple moving average of $38.22 and a two-hundred day simple moving average of $36.00. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 1.50. CNO Financial Group has a 52 week low of $24.92 and a 52 week high of $40.91.

CNO Financial Group Dividend Announcement

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

Insider Transactions at CNO Financial Group

In related news, insider Jeremy David Williams sold 4,783 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $40.09, for a total value of $191,750.47. Following the sale, the insider now owns 62,121 shares in the company, valued at approximately $2,490,430.89. The trade was a 7.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 sale, the executive now directly owns 631,844 shares in the company, valued at approximately $24,698,781.96. The trade was a 0.63 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,745 shares of company stock valued at $572,467. 3.21% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms recently issued reports on CNO. BMO Capital Markets initiated coverage on shares of CNO Financial Group in a report on Thursday, January 23rd. They issued a “market perform” rating and a $38.00 target price for the company. Jefferies Financial Group increased their price objective on shares of CNO Financial Group from $36.00 to $41.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. Piper Sandler lifted their target price on shares of CNO Financial Group from $42.00 to $44.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Finally, Royal Bank of Canada increased their price target 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. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, CNO Financial Group presently has a consensus rating of “Hold” and an average price target 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.