CNO Financial Group (NYSE:CNO – Get Free Report) announced its quarterly earnings data on Monday. The financial services provider reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.33, Zacks reports. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $929.99 million. CNO Financial Group had a net margin of 9.96% and a return on equity of 18.88%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.54 earnings per share.
CNO Financial Group Price Performance
Shares of NYSE CNO traded up $0.55 during mid-day trading on Wednesday, hitting $34.87. 1,045,640 shares of the stock were exchanged, compared to its average volume of 743,669. CNO Financial Group has a twelve month low of $22.27 and a twelve month high of $35.23. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.18 and a current ratio of 0.18. The stock’s fifty day simple moving average is $28.51 and its two-hundred day simple moving average is $27.53. The company has a market cap of $3.78 billion, a P/E ratio of 10.16 and a beta of 1.04.
CNO Financial Group Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Monday, June 10th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend was Monday, June 10th. This is a positive change from CNO Financial Group’s previous quarterly dividend of $0.15. CNO Financial Group’s dividend payout ratio is 18.66%.
Insider Activity
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on CNO shares. Evercore ISI upped their price objective on shares of CNO Financial Group from $27.00 to $29.00 and gave the company an “underperform” rating in a research report on Wednesday. Keefe, Bruyette & Woods upped their price objective on shares of CNO Financial Group from $30.00 to $31.00 and gave the company a “market perform” rating in a research report on Monday, July 8th. Piper Sandler upped their price objective on shares of CNO Financial Group from $29.00 to $31.00 and gave the company an “overweight” rating in a research report on Friday, June 28th. StockNews.com lowered shares of CNO Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. Finally, Royal Bank of Canada increased their price target on shares of CNO Financial Group from $30.00 to $38.00 and gave the stock an “outperform” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, CNO Financial Group has an average rating of “Hold” and a consensus target price of $30.60.
Get Our Latest Stock Analysis on CNO Financial Group
About CNO Financial Group
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.
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