CNO Financial Group Inc (NYSE:CNO) – William Blair decreased their Q3 2019 earnings per share estimates for shares of CNO Financial Group in a report released on Wednesday, July 31st. William Blair analyst A. Klauber now expects that the financial services provider will post earnings per share of $0.49 for the quarter, down from their previous estimate of $0.54. William Blair also issued estimates for CNO Financial Group’s Q4 2019 earnings at $0.53 EPS, FY2019 earnings at $1.90 EPS, Q1 2020 earnings at $0.56 EPS, Q2 2020 earnings at $0.53 EPS, Q3 2020 earnings at $0.53 EPS, Q4 2020 earnings at $0.59 EPS and FY2020 earnings at $2.20 EPS.
Other analysts have also issued research reports about the stock. ValuEngine upgraded shares of CNO Financial Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 8th. Zacks Investment Research lowered shares of CNO Financial Group from a “hold” rating to a “sell” rating and set a $18.00 price objective for the company. in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $19.50.
NYSE:CNO opened at $15.62 on Monday. The company has a fifty day moving average of $16.53. The company has a market cap of $2.55 billion, a price-to-earnings ratio of 8.54 and a beta of 1.22. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.62. CNO Financial Group has a twelve month low of $13.64 and a twelve month high of $22.34.
CNO Financial Group (NYSE:CNO) last issued its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.48. The firm had revenue of $979.80 million for the quarter, compared to the consensus estimate of $956.66 million. CNO Financial Group had a negative net margin of 9.67% and a positive return on equity of 7.71%. The company’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.49 EPS.
A number of hedge funds have recently made changes to their positions in the business. Pzena Investment Management LLC increased its stake in CNO Financial Group by 60.3% during the 2nd quarter. Pzena Investment Management LLC now owns 3,855,224 shares of the financial services provider’s stock valued at $64,305,000 after purchasing an additional 1,450,851 shares in the last quarter. Norges Bank bought a new stake in CNO Financial Group during the 4th quarter valued at $39,053,000. Wells Fargo & Company MN increased its stake in CNO Financial Group by 14.9% during the 2nd quarter. Wells Fargo & Company MN now owns 2,564,993 shares of the financial services provider’s stock valued at $42,783,000 after purchasing an additional 332,027 shares in the last quarter. Geode Capital Management LLC increased its stake in CNO Financial Group by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 1,753,540 shares of the financial services provider’s stock valued at $26,092,000 after purchasing an additional 21,724 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in CNO Financial Group by 4.1% during the 1st quarter. Parametric Portfolio Associates LLC now owns 1,445,810 shares of the financial services provider’s stock valued at $23,393,000 after purchasing an additional 57,127 shares in the last quarter. Institutional investors and hedge funds own 94.20% of the company’s stock.
In other news, EVP Matthew J. Zimpfer sold 15,112 shares of CNO Financial Group stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $16.51, for a total value of $249,499.12. Following the completion of the sale, the executive vice president now owns 149,504 shares in the company, valued at approximately $2,468,311.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.50% 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.
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