Wall Street brokerages expect CNO Financial Group Inc (NYSE:CNO) to report $0.49 earnings per share for the current quarter, Zacks reports. Two analysts have issued estimates for CNO Financial Group’s earnings, with estimates ranging from $0.48 to $0.51. CNO Financial Group also reported earnings per share of $0.49 during the same quarter last year. The company is scheduled to report its next quarterly earnings report after the market closes on Tuesday, July 30th.
According to Zacks, analysts expect that CNO Financial Group will report full year earnings of $1.97 per share for the current financial year, with EPS estimates ranging from $1.90 to $2.05. For the next year, analysts anticipate that the business will report earnings of $2.25 per share, with EPS estimates ranging from $2.20 to $2.30. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow CNO Financial Group.
CNO Financial Group (NYSE:CNO) last released its earnings results on Monday, April 29th. The financial services provider reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.04). The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $951.93 million. CNO Financial Group had a positive return on equity of 7.75% and a negative net margin of 8.03%. The firm’s revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the business posted $0.39 EPS.
Separately, ValuEngine cut Valero Energy from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $19.00.
NYSE CNO traded down $0.09 on Monday, hitting $16.42. 823,214 shares of the company were exchanged, compared to its average volume of 915,948. The company has a market cap of $2.66 billion, a price-to-earnings ratio of 8.97 and a beta of 1.24. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.67. The company’s 50 day moving average price is $16.48. CNO Financial Group has a twelve month low of $13.64 and a twelve month high of $22.54.
The business also recently declared a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Monday, June 10th were given a $0.11 dividend. This is a boost from CNO Financial Group’s previous quarterly dividend of $0.10. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend was Friday, June 7th. CNO Financial Group’s payout ratio is currently 24.04%.
In other CNO Financial Group news, EVP Matthew J. Zimpfer sold 15,112 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $16.51, for a total transaction of $249,499.12. Following the completion of the sale, the executive vice president now directly owns 149,504 shares in the company, valued at approximately $2,468,311.04. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Charles J. Jacklin bought 7,000 shares of the firm’s stock in a transaction on Thursday, May 2nd. The shares were bought at an average price of $16.47 per share, with a total value of $115,290.00. The disclosure for this purchase can be found here. Corporate insiders own 1.50% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Norges Bank purchased a new stake in shares of CNO Financial Group during the fourth quarter worth about $39,053,000. Pzena Investment Management LLC purchased a new stake in CNO Financial Group during the 1st quarter valued at $38,903,000. Millennium Management LLC raised its stake in CNO Financial Group by 65.2% during the 4th quarter. Millennium Management LLC now owns 1,231,387 shares of the financial services provider’s stock valued at $18,323,000 after buying an additional 485,857 shares during the last quarter. D. E. Shaw & Co. Inc. raised its stake in CNO Financial Group by 172.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 570,992 shares of the financial services provider’s stock valued at $8,496,000 after buying an additional 361,385 shares during the last quarter. Finally, Eagle Asset Management Inc. raised its stake in CNO Financial Group by 43.3% during the 1st quarter. Eagle Asset Management Inc. now owns 733,515 shares of the financial services provider’s stock valued at $11,868,000 after buying an additional 221,625 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.
About CNO Financial Group
CNO Financial Group, Inc, through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, and other insurance products for senior and middle-income markets in the United States. It operates through Bankers Life, Washington National, Colonial Penn, and Long-Term Care in Run Off segments.
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