Wall Street analysts forecast that CNO Financial Group Inc (NYSE:CNO) will post earnings of $0.52 per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for CNO Financial Group’s earnings. The lowest EPS estimate is $0.50 and the highest is $0.54. CNO Financial Group posted earnings of $0.61 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 14.8%. The business is expected to issue its next quarterly earnings report on Tuesday, February 12th.
According to Zacks, analysts expect that CNO Financial Group will report full-year earnings of $1.97 per share for the current year, with EPS estimates ranging from $1.95 to $2.00. For the next financial year, analysts expect that the business will report earnings of $2.18 per share, with EPS estimates ranging from $2.15 to $2.20. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover CNO Financial Group.
CNO Financial Group (NYSE:CNO) last posted its earnings results on Wednesday, October 31st. The financial services provider reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.02. CNO Financial Group had a negative net margin of 8.95% and a positive return on equity of 7.89%. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $999.03 million. During the same period in the previous year, the company posted $0.59 earnings per share. The business’s revenue for the quarter was up 37.2% compared to the same quarter last year.
NYSE CNO opened at $19.16 on Monday. CNO Financial Group has a 52 week low of $18.15 and a 52 week high of $26.47. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.14 and a current ratio of 0.26. The firm has a market cap of $3.15 billion, a PE ratio of 9.49 and a beta of 1.14.
In related news, EVP Matthew J. Zimpfer sold 17,417 shares of the company’s stock in a transaction on Monday, November 5th. The shares were sold at an average price of $18.46, for a total value of $321,517.82. Following the sale, the executive vice president now directly owns 137,580 shares of the company’s stock, valued at $2,539,726.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen N. David purchased 2,000 shares of the business’s stock in a transaction that occurred on Monday, November 5th. The stock was bought at an average cost of $18.50 per share, for a total transaction of $37,000.00. Following the completion of the acquisition, the director now directly owns 19,706 shares of the company’s stock, valued at $364,561. The disclosure for this purchase can be found here. Corporate insiders own 2.30% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of CNO. Fuller & Thaler Asset Management Inc. raised its holdings in CNO Financial Group by 18.1% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 6,174,450 shares of the financial services provider’s stock valued at $117,562,000 after acquiring an additional 946,582 shares in the last quarter. Allianz Asset Management GmbH raised its holdings in CNO Financial Group by 46.3% in the first quarter. Allianz Asset Management GmbH now owns 2,831,660 shares of the financial services provider’s stock valued at $61,362,000 after acquiring an additional 895,832 shares in the last quarter. BlackRock Inc. raised its holdings in CNO Financial Group by 3.3% in the second quarter. BlackRock Inc. now owns 16,675,104 shares of the financial services provider’s stock valued at $317,494,000 after acquiring an additional 536,084 shares in the last quarter. Foundry Partners LLC acquired a new stake in CNO Financial Group in the third quarter valued at $11,087,000. Finally, Paradice Investment Management LLC raised its holdings in CNO Financial Group by 8.6% in the second quarter. Paradice Investment Management LLC now owns 4,061,364 shares of the financial services provider’s stock valued at $77,328,000 after acquiring an additional 319,926 shares in the last quarter. 92.49% of the stock is currently owned by hedge funds and other institutional investors.
CNO Financial Group Company Profile
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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