CNO Financial Group Inc. (NYSE:CNO) – FBR & Co cut their Q3 2017 EPS estimates for CNO Financial Group in a research report issued on Friday. FBR & Co analyst R. Binner now anticipates that the firm will post earnings of $0.39 per share for the quarter, down from their prior estimate 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 Financial Group (NYSE:CNO) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.35 earnings per share (EPS) for the quarter, hitting the 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 had revenue of $1 billion for the quarter, compared to the consensus estimate of $961.56 million. During the same quarter in the previous year, the firm posted $0.34 EPS. The business’s revenue was up 4.6% compared to the same quarter last year.

A number of other research analysts have also commented on CNO. Deutsche Bank AG set a $16.00 price objective on shares of CNO Financial Group and gave the company a “hold” rating in a research note on Friday. Evercore ISI began coverage on shares of CNO Financial Group in a research note on Wednesday, July 6th. They set a “hold” rating and a $19.00 price objective on the stock. Zacks Investment Research upgraded shares of CNO Financial Group from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Tuesday, September 6th. Citigroup Inc. lowered their price objective on shares of CNO Financial Group from $21.00 to $20.00 and set a “buy” rating on the stock in a research note on Thursday, July 7th. Finally, BTIG Research lowered shares of CNO Financial Group from a “buy” rating to a “neutral” rating in a research note on Friday. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $19.05.

The company also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Friday, September 9th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 2.10%. The ex-dividend date was Wednesday, September 7th. CNO Financial Group’s dividend payout ratio (DPR) is currently 21.48%.

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of CNO Financial Group by 7.0% in the second quarter. Vanguard Group Inc. now owns 13,604,993 shares of the company’s stock valued at $237,543,000 after buying an additional 893,798 shares during the period. BlackRock Fund Advisors increased its stake in shares of CNO Financial Group by 1.1% in the second quarter. BlackRock Fund Advisors now owns 8,866,478 shares of the company’s stock valued at $154,809,000 after buying an additional 93,770 shares during the period. State Street Corp increased its stake in shares of CNO Financial Group by 0.3% in the second quarter. State Street Corp now owns 6,743,610 shares of the company’s stock valued at $117,740,000 after buying an additional 21,233 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in shares of CNO Financial Group by 1.2% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 5,675,380 shares of the company’s stock valued at $99,092,000 after buying an additional 68,220 shares during the period. Finally, Fuller & Thaler Asset Management Inc. increased its stake in shares of CNO Financial Group by 19.3% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 4,453,154 shares of the company’s stock valued at $77,752,000 after buying an additional 720,360 shares during the period. 97.67% of the stock is currently owned by institutional investors.

About CNO Financial Group

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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