CNO Financial Group (CNO) to Release Quarterly Earnings on Thursday

CNO Financial Group (NYSE:CNO) is expected to announce its earnings results after the market closes on Thursday, February 6th. Analysts expect the company to announce earnings of $1.06 per share and revenue of $970.40 million for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

CNO Financial Group Price Performance

Shares of NYSE:CNO opened at $39.38 on Tuesday. The company’s fifty day moving average is $38.24 and its two-hundred day moving average is $35.87. 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 12-month low of $24.92 and a 12-month high of $40.91. The company has a market cap of $4.06 billion, a P/E ratio of 15.88 and a beta of 1.04.

CNO Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend was Tuesday, December 10th. CNO Financial Group’s dividend payout ratio is presently 25.81%.

Insider Transactions at CNO Financial Group

In other CNO Financial Group news, CMO Rocco F. Tarasi III sold 4,500 shares of CNO Financial Group stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $37.51, for a total value of $168,795.00. Following the sale, the chief marketing officer now directly owns 72,896 shares in the company, valued at approximately $2,734,328.96. The trade was a 5.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeremy David Williams sold 4,783 shares of CNO Financial Group stock in a transaction on Monday, November 11th. The shares were sold at an average price of $40.09, for a total transaction of $191,750.47. Following the completion of the sale, the insider now owns 62,121 shares in the company, valued at $2,490,430.89. The trade was a 7.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,745 shares of company stock valued at $572,467 over the last three months. 3.21% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CNO shares. BMO Capital Markets started coverage on shares of CNO Financial Group in a research note on Thursday, January 23rd. They issued a “market perform” rating and a $38.00 target price for the company. Piper Sandler raised their price objective on shares of CNO Financial Group from $42.00 to $44.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Royal Bank of Canada increased their price target on shares of CNO Financial Group from $38.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Finally, Jefferies Financial Group increased their price target on shares of CNO Financial Group from $36.00 to $41.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, CNO Financial Group currently 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.