CNO Financial Group Inc. (CNO) Trading Down 2.4%
CNO Financial Group Inc. (NYSE:CNO)’s share price fell 2.4% during mid-day trading on Friday . The stock traded as low as $15.70 and last traded at $15.74, with a volume of 1,163,000 shares trading hands. The stock had previously closed at $16.13.
Several research firms have recently issued reports on CNO. Deutsche Bank AG raised their price target on shares of CNO Financial Group from $19.00 to $20.00 and gave the company a “hold” rating in a research note on Monday, May 2nd. BTIG Research reissued a “buy” rating on shares of CNO Financial Group in a research note on Friday, July 15th. Morgan Stanley reissued a “hold” rating and set a $19.00 target price on shares of CNO Financial Group in a research note on Thursday, July 28th. Citigroup Inc. lowered their target price on shares of CNO Financial Group from $21.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, July 7th. Finally, Evercore ISI assumed coverage on shares of CNO Financial Group in a research note on Wednesday, July 6th. They set a “hold” rating and a $19.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $19.83.
The stock’s 50-day moving average price is $16.64 and its 200 day moving average price is $17.91. The firm has a market capitalization of $2.77 billion and a PE ratio of 10.64.
CNO Financial Group (NYSE:CNO) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.35 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.35. The business earned $1 billion during the quarter, compared to analysts’ expectations of $961.56 million. CNO Financial Group’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the company posted $0.34 EPS. On average, equities analysts anticipate that CNO Financial Group Inc. will post $1.40 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, September 9th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.02%.
In other news, EVP Christopher J. Nickele sold 24,996 shares of the company’s stock in a transaction on Thursday, June 23rd. The shares were sold at an average price of $19.25, for a total value of $481,173.00. Following the completion of the sale, the executive vice president now owns 74,975 shares of the company’s stock, valued at approximately $1,443,268.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
CNO Financial Group, Inc is a holding company for a group of insurance companies operating across the United States that develop, market and administer health insurance, annuity, individual life insurance and other insurance products. It operates through three operating segments: Bankers Life, Washington National and Colonial Penn.
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