$0.53 EPS Expected for CNO Financial Group Inc (CNO) This Quarter
Equities research analysts expect CNO Financial Group Inc (NYSE:CNO) to post $0.53 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for CNO Financial Group’s earnings, with the highest EPS estimate coming in at $0.54 and the lowest estimate coming in at $0.52. CNO Financial Group reported earnings of $0.61 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 13.1%. The firm is scheduled to report its next quarterly earnings report on Tuesday, February 12th.
According to Zacks, analysts expect that CNO Financial Group will report full year earnings of $1.99 per share for the current financial year, with EPS estimates ranging from $1.97 to $2.00. For the next financial year, analysts anticipate that the firm will report earnings of $2.20 per share, with EPS estimates ranging from $2.15 to $2.25. Zacks’ EPS averages are an average based on a survey of research analysts that cover CNO Financial Group.
CNO Financial Group (NYSE:CNO) last announced its quarterly earnings results on Wednesday, October 31st. The financial services provider reported $0.53 EPS for the quarter, beating the consensus estimate of $0.51 by $0.02. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $999.03 million. CNO Financial Group had a positive return on equity of 7.89% and a negative net margin of 8.95%. The business’s revenue for the quarter was up 37.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.59 earnings per share.
In other news, EVP Matthew J. Zimpfer sold 17,417 shares of the firm’s stock in a transaction on Monday, November 5th. The stock was sold at an average price of $18.46, for a total transaction of $321,517.82. Following the transaction, the executive vice president now owns 137,580 shares in the company, valued at $2,539,726.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Stephen N. David purchased 2,000 shares of the business’s stock in a transaction dated Monday, November 5th. The shares were purchased at an average price of $18.50 per share, for a total transaction of $37,000.00. Following the purchase, the director now owns 19,706 shares of the company’s stock, valued at approximately $364,561. The disclosure for this purchase can be found here. Company insiders own 2.30% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Morgan Stanley grew its stake in shares of CNO Financial Group by 2.3% during the third quarter. Morgan Stanley now owns 802,952 shares of the financial services provider’s stock worth $17,039,000 after acquiring an additional 18,269 shares during the last quarter. B. Riley Financial Inc. purchased a new stake in shares of CNO Financial Group during the third quarter worth about $445,000. TIAA CREF Investment Management LLC grew its stake in shares of CNO Financial Group by 5.2% during the third quarter. TIAA CREF Investment Management LLC now owns 684,190 shares of the financial services provider’s stock worth $14,519,000 after acquiring an additional 33,851 shares during the last quarter. Teachers Advisors LLC grew its stake in shares of CNO Financial Group by 1.5% during the third quarter. Teachers Advisors LLC now owns 317,151 shares of the financial services provider’s stock worth $6,730,000 after acquiring an additional 4,707 shares during the last quarter. Finally, MetLife Investment Advisors LLC grew its stake in shares of CNO Financial Group by 17.7% during the third quarter. MetLife Investment Advisors LLC now owns 213,842 shares of the financial services provider’s stock worth $4,538,000 after acquiring an additional 32,207 shares during the last quarter. Institutional investors own 94.18% of the company’s stock.
Shares of CNO Financial Group stock traded down $1.08 during trading on Wednesday, hitting $17.15. 2,112,357 shares of the stock traded hands, compared to its average volume of 923,703. The firm has a market cap of $3.01 billion, a P/E ratio of 8.49 and a beta of 1.11. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.71. CNO Financial Group has a 52-week low of $17.12 and a 52-week high of $26.47.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 24th. Stockholders of record on Monday, December 10th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, December 7th. This represents a $0.40 annualized dividend and a dividend yield of 2.33%. CNO Financial Group’s dividend payout ratio is currently 19.80%.
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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