Todays Report: The FBR & Co Weighs in on CNO Financial Group Inc.’s Q3 2017 Earnings (CNO)

The FBR & Co Weighs in on CNO Financial Group Inc.’s Q3 2017 Earnings (CNO)

CNO Financial Group Inc. (NYSE:CNO) – Investment analysts at FBR & Co cut their Q3 2017 earnings per share (EPS) estimates for shares of CNO Financial Group in a research note issued on Friday. FBR & Co analyst R. Binner now forecasts that the firm will post earnings per share of $0.39 for the quarter, down from their previous forecast of $0.40. FBR & Co also issued estimates for CNO Financial Group’s Q4 2017 earnings at $0.44 EPS and FY2017 earnings at $1.50 EPS.

CNO has been the subject of a number of other reports. Keefe, Bruyette & Woods set a $17.00 price objective on shares of CNO Financial Group and gave the stock a “hold” rating in a report on Monday. Morgan Stanley reaffirmed a “hold” rating and set a $19.00 price objective on shares of CNO Financial Group in a report on Thursday, July 28th. Deutsche Bank AG set a $16.00 price objective on shares of CNO Financial Group and gave the stock a “hold” rating in a report on Friday, September 30th. BTIG Research downgraded shares of CNO Financial Group from a “buy” rating to a “neutral” rating in a report on Friday, September 30th. Finally, Citigroup Inc. reduced their price objective on shares of CNO Financial Group from $21.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, July 7th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. CNO Financial Group presently has a consensus rating of “Hold” and a consensus target price of $18.85.

Shares of CNO Financial Group (NYSE:CNO) opened at 15.12 on Monday. CNO Financial Group has a 52 week low of $14.30 and a 52 week high of $20.88. The stock has a market capitalization of $2.65 billion, a PE ratio of 10.16 and a beta of 1.23. The stock’s 50 day moving average is $15.67 and its 200 day moving average is $17.55.

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 Thomson Reuters’ consensus estimate of $0.35. CNO Financial Group had a net margin of 7.20% and a return on equity of 5.68%. The company earned $1 billion during the quarter, compared to analysts’ expectations of $961.56 million. During the same period in the previous year, the company earned $0.34 EPS. The business’s quarterly revenue was up 4.6% compared to the same quarter last year.

A number of large investors have recently bought and sold shares of the stock. State Treasurer State of Michigan boosted its stake in CNO Financial Group by 0.3% in the second quarter. State Treasurer State of Michigan now owns 71,900 shares of the company’s stock valued at $1,255,000 after buying an additional 200 shares during the last quarter. Pacad Investment Ltd. boosted its stake in CNO Financial Group by 0.9% in the second quarter. Pacad Investment Ltd. now owns 22,600 shares of the company’s stock valued at $395,000 after buying an additional 200 shares during the last quarter. Miles Capital Inc. boosted its stake in CNO Financial Group by 1.5% in the second quarter. Miles Capital Inc. now owns 13,887 shares of the company’s stock valued at $242,000 after buying an additional 201 shares during the last quarter. Ameritas Investment Partners Inc. boosted its stake in CNO Financial Group by 1.4% in the second quarter. Ameritas Investment Partners Inc. now owns 42,285 shares of the company’s stock valued at $738,000 after buying an additional 579 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its stake in CNO Financial Group by 0.3% in the second quarter. Metropolitan Life Insurance Co. NY now owns 291,613 shares of the company’s stock valued at $5,092,000 after buying an additional 775 shares during the last quarter. Hedge funds and other institutional investors own 97.67% of the company’s stock.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Friday, September 9th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend was Wednesday, September 7th. CNO Financial Group’s payout ratio is presently 21.48%.

CNO Financial Group Company Profile

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