CNO Financial Group, Inc. (NYSE:CNO) – Research analysts at B. Riley issued their Q1 2021 earnings per share (EPS) estimates for CNO Financial Group in a report issued on Tuesday, April 20th. B. Riley analyst R. Binner forecasts that the financial services provider will post earnings of $0.49 per share for the quarter. B. Riley has a “Buy” rating and a $30.00 price objective on the stock.
Several other research analysts have also weighed in on CNO. Zacks Investment Research lowered shares of CNO Financial Group from a “hold” rating to a “sell” rating and set a $23.00 price objective on the stock. in a research note on Tuesday, January 5th. Morgan Stanley lifted their price objective on shares of CNO Financial Group from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 1st. Citigroup raised their target price on shares of CNO Financial Group from $23.00 to $25.00 in a report on Wednesday, March 31st. Finally, Piper Sandler downgraded shares of CNO Financial Group from an “overweight” rating to a “neutral” rating and set a $25.00 target price on the stock. in a report on Wednesday, March 31st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $24.83.
CNO Financial Group (NYSE:CNO) last released its quarterly earnings data on Monday, February 8th. The financial services provider reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.02. CNO Financial Group had a net margin of 12.27% and a return on equity of 7.21%. The business had revenue of $1.08 billion for the quarter. During the same period in the previous year, the business earned $0.52 EPS. The firm’s revenue was up .7% compared to the same quarter last year.
Institutional investors and hedge funds have recently modified their holdings of the stock. First Trust Advisors LP increased its holdings in CNO Financial Group by 23.8% during the fourth quarter. First Trust Advisors LP now owns 141,243 shares of the financial services provider’s stock worth $3,140,000 after buying an additional 27,129 shares during the last quarter. Virginia Retirement Systems ET AL boosted its position in CNO Financial Group by 15.4% during the fourth quarter. Virginia Retirement Systems ET AL now owns 112,900 shares of the financial services provider’s stock worth $2,510,000 after purchasing an additional 15,100 shares during the period. Neo Ivy Capital Management boosted its position in CNO Financial Group by 20.3% during the fourth quarter. Neo Ivy Capital Management now owns 5,514 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 931 shares during the period. Costello Asset Management INC bought a new position in CNO Financial Group during the fourth quarter worth $60,000. Finally, Fox Run Management L.L.C. bought a new position in CNO Financial Group during the fourth quarter worth $288,000. Institutional investors and hedge funds own 98.06% of the company’s stock.
In other news, EVP Bruce K. Baude sold 62,491 shares of CNO Financial Group stock in a transaction that occurred on Thursday, February 25th. The shares were sold at an average price of $24.73, for a total value of $1,545,402.43. Following the sale, the executive vice president now directly owns 194,252 shares in the company, valued at $4,803,851.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP John R. Kline sold 9,757 shares of CNO Financial Group stock in a transaction that occurred on Thursday, February 25th. The shares were sold at an average price of $24.79, for a total transaction of $241,876.03. Following the completion of the sale, the senior vice president now owns 77,108 shares in the company, valued at $1,911,507.32. The disclosure for this sale can be found here. Insiders sold 74,948 shares of company stock worth $1,856,965 over the last quarter. 2.00% of the stock is owned by corporate insiders.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 24th. Stockholders of record on Wednesday, March 10th were issued a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, March 9th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.91%. CNO Financial Group’s dividend payout ratio (DPR) is presently 26.67%.
About CNO Financial Group
CNO Financial Group, Inc is an insurance holding company, which engages in developing, marketing, and administering health insurance, annuity, individual life insurance and other insurance products. It operates through the following segments: Bankers Life, Washington National, and Colonial Penn. The Bankers Life segment markets and distributes medicare supplement insurance, interest-sensitive life insurance, traditional life insurance, fixed annuities and long-term care insurance products to the middle-income senior market through a dedicated field force of career agents and sales managers supported by a network of community-based sales offices.
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