CNO Financial Group (NYSE:CNO) Posts Earnings Results, Beats Expectations By $0.01 EPS

CNO Financial Group (NYSE:CNO) issued its quarterly earnings results on Monday. The financial services provider reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.01, Zacks reports. CNO Financial Group had a return on equity of 16.63% and a net margin of 6.41%.

CNO Financial Group Price Performance

Shares of CNO traded down $0.50 during midday trading on Monday, hitting $39.52. 583,985 shares of the company traded hands, compared to its average volume of 699,535. The firm has a 50 day moving average of $39.55 and a 200-day moving average of $38.37. CNO Financial Group has a 52 week low of $34.63 and a 52 week high of $43.20. The stock has a market cap of $3.83 billion, a price-to-earnings ratio of 14.58 and a beta of 0.90. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.17 and a current ratio of 0.17.

CNO Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Wednesday, September 10th. CNO Financial Group’s dividend payout ratio is 25.09%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Osaic Holdings Inc. lifted its holdings in shares of CNO Financial Group by 39.2% in the 2nd quarter. Osaic Holdings Inc. now owns 1,194 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 336 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of CNO Financial Group by 123.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,176 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 649 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of CNO Financial Group by 4.6% in the 2nd quarter. Cetera Investment Advisers now owns 18,134 shares of the financial services provider’s stock valued at $700,000 after acquiring an additional 791 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of CNO Financial Group by 1.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,757 shares of the financial services provider’s stock valued at $2,531,000 after acquiring an additional 797 shares during the last quarter. Finally, Creative Planning lifted its holdings in shares of CNO Financial Group by 10.4% in the 2nd quarter. Creative Planning now owns 8,769 shares of the financial services provider’s stock valued at $338,000 after acquiring an additional 823 shares during the last quarter. Institutional investors own 95.43% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on CNO shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of CNO Financial Group in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods upped their price objective on CNO Financial Group from $44.00 to $45.00 and gave the stock a “market perform” rating in a research note on Thursday, October 9th. Finally, Wall Street Zen lowered CNO Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $43.60.

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.