CNO Financial Group, Inc. (CNO) To Go Ex-Dividend on September 10th

CNO Financial Group, Inc. (NYSE:CNO) announced a quarterly dividend on Wednesday, August 5th. Stockholders of record on Thursday, September 10th will be paid a dividend of 0.18 per share by the financial services provider on Thursday, September 24th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 10th.

CNO Financial Group has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 2 years. CNO Financial Group has a dividend payout ratio of 17.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect CNO Financial Group to earn $4.95 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 14.5%.

CNO Financial Group Trading Down 0.3%

Shares of NYSE:CNO opened at $55.50 on Friday. The company has a 50 day moving average of $51.67 and a 200-day moving average of $46.00. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 1.65. The firm has a market cap of $5.18 billion, a P/E ratio of 19.07 and a beta of 0.81. CNO Financial Group has a twelve month low of $35.81 and a twelve month high of $57.59.

CNO Financial Group (NYSE:CNO) last posted its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.29. CNO Financial Group had a net margin of 6.02% and a return on equity of 18.76%. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $999.45 million. During the same quarter last year, the business earned $0.87 earnings per share. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. As a group, analysts anticipate that CNO Financial Group will post 4.61 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CNO has been the subject of a number of research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of CNO Financial Group in a research note on Friday, July 17th. Keefe, Bruyette & Woods boosted their price objective on CNO Financial Group from $53.00 to $57.00 and gave the stock a “market perform” rating in a research note on Monday. Jefferies Financial Group lowered CNO Financial Group from a “buy” rating to a “hold” rating and upped their price objective for the company from $53.00 to $55.00 in a report on Friday, July 10th. Finally, Evercore set a $48.00 target price on CNO Financial Group and gave the company an “in-line” rating in a research note on Monday, June 1st. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, CNO Financial Group currently has a consensus rating of “Hold” and an average price target of $52.50.

CNO Financial Group Company Profile

CNO Financial Group is an Indiana‐based holding company that offers a range of insurance and retirement solutions through its operating subsidiaries. Its primary business activities include life insurance, annuities, and supplemental health insurance products designed to help individuals plan for retirement and manage health‐related expenses. The company serves middle‐income Americans, with particular emphasis on senior customers seeking guaranteed coverage and reliable income streams.

Originally founded as Conseco in 1979, the company underwent a financial restructuring and rebranded as CNO Financial Group in 2010.