CNO Financial Group Inc (NYSE:CNO) – Analysts at William Blair dropped their Q2 2019 earnings per share estimates for CNO Financial Group in a research note issued to investors on Wednesday, February 13th. William Blair analyst A. Klauber now anticipates that the financial services provider will post earnings of $0.51 per share for the quarter, down from their previous estimate of $0.54. William Blair also issued estimates for CNO Financial Group’s Q3 2020 earnings at $0.57 EPS.
Other research analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of CNO Financial Group from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Thursday, January 3rd. TheStreet cut shares of CNO Financial Group from a “b” rating to a “c” rating in a research report on Thursday, November 1st. Keefe, Bruyette & Woods restated a “hold” rating and issued a $22.00 target price on shares of CNO Financial Group in a research report on Monday, December 17th. Evercore ISI upgraded shares of CNO Financial Group from an “in-line” rating to an “outperform” rating in a research report on Wednesday, January 9th. They noted that the move was a valuation call. Finally, ValuEngine upgraded shares of CNO Financial Group from a “strong sell” rating to a “sell” rating in a research report on Monday, November 12th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $21.50.
NYSE CNO opened at $17.31 on Monday. CNO Financial Group has a 52 week low of $13.64 and a 52 week high of $23.84. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of 9.46 and a beta of 1.36.
CNO Financial Group (NYSE:CNO) last posted its earnings results on Tuesday, February 12th. The financial services provider reported $0.36 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.14). CNO Financial Group had a positive return on equity of 7.57% and a negative net margin of 7.30%. The firm had revenue of $778.20 million during the quarter, compared to the consensus estimate of $981.90 million. During the same quarter last year, the company posted $0.51 EPS. CNO Financial Group’s revenue for the quarter was down 28.6% on a year-over-year basis.
In other news, Director Stephen N. David bought 3,000 shares of the firm’s stock in a transaction on Wednesday, December 26th. The stock was purchased at an average price of $13.85 per share, for a total transaction of $41,550.00. Following the transaction, the director now owns 23,206 shares in the company, valued at $321,403.10. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.30% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the company. Bank of Montreal Can grew its position in shares of CNO Financial Group by 20.0% during the third quarter. Bank of Montreal Can now owns 130,352 shares of the financial services provider’s stock worth $2,765,000 after purchasing an additional 21,752 shares in the last quarter. Aperio Group LLC grew its holdings in CNO Financial Group by 10.1% during the 3rd quarter. Aperio Group LLC now owns 104,201 shares of the financial services provider’s stock valued at $2,211,000 after buying an additional 9,516 shares in the last quarter. Seven Eight Capital LP purchased a new position in CNO Financial Group during the 3rd quarter valued at approximately $1,190,000. First Trust Advisors LP grew its holdings in CNO Financial Group by 24.9% during the 3rd quarter. First Trust Advisors LP now owns 170,273 shares of the financial services provider’s stock valued at $3,613,000 after buying an additional 33,970 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in CNO Financial Group during the 3rd quarter valued at approximately $6,199,000. Institutional investors and hedge funds own 94.17% of the company’s stock.
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.