Equities Analysts Offer Predictions for CNO FY2027 Earnings

CNO Financial Group, Inc. (NYSE:CNO) – Analysts at DOWLING & PARTN increased their FY2027 earnings per share estimates for CNO Financial Group in a research note issued to investors on Tuesday, October 13th. DOWLING & PARTN analyst J. Hurwitz now anticipates that the financial services provider will post earnings of $5.15 per share for the year, up from their previous estimate of $5.10. The consensus estimate for CNO Financial Group’s current full-year earnings is $4.74 per share. DOWLING & PARTN also issued estimates for CNO Financial Group’s FY2028 earnings at $5.65 EPS.

CNO Financial Group (NYSE:CNO) last released its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.29. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $999.45 million. CNO Financial Group had a return on equity of 18.76% and a net margin of 6.02%. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.87 earnings per share.

A number of other equities research analysts have also commented on the stock. Wall Street Zen upgraded shares of CNO Financial Group from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Keefe, Bruyette & Woods raised their price target on shares of CNO Financial Group from $53.00 to $57.00 and gave the stock a “market perform” rating in a report on Monday, August 3rd. Weiss Ratings upgraded shares of CNO Financial Group from a “buy (b+)” rating to a “buy (a)” rating in a research report on Thursday, October 8th. Capital One Financial set a $70.00 price objective on shares of CNO Financial Group in a research report on Wednesday, August 26th. Finally, Jefferies Financial Group downgraded shares of CNO Financial Group from a “buy” rating to a “hold” rating and upped their price objective for the company from $53.00 to $55.00 in a research note on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $56.00.

CNO Financial Group Stock Up 0.2%

Shares of CNO Financial Group stock opened at $53.55 on Thursday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.17 and a current ratio of 0.17. CNO Financial Group has a 52-week low of $38.22 and a 52-week high of $57.59. The company’s 50 day moving average price is $54.50 and its 200-day moving average price is $50.41. The stock has a market capitalization of $4.95 billion, a price-to-earnings ratio of 18.40 and a beta of 0.80.

CNO Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Thursday, September 10th were issued a $0.18 dividend. The ex-dividend date was Thursday, September 10th. This represents a $0.72 annualized dividend and a yield of 1.3%. CNO Financial Group’s payout ratio is 24.74%.

Insider Activity at CNO Financial Group

In other CNO Financial Group news, insider Karen DeToro sold 5,964 shares of the business’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $55.12, for a total transaction of $328,735.68. Following the transaction, the insider directly owned 36,450 shares of the company’s stock, valued at approximately $2,009,124. The trade was a 14.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeremy Williams sold 4,362 shares of the company’s stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $55.72, for a total transaction of $243,050.64. Following the completion of the transaction, the insider owned 61,041 shares of the company’s stock, valued at $3,401,204.52. This trade represents a 6.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 47,995 shares of company stock worth $2,641,336 over the last quarter. Corporate insiders own 3.44% of the company’s stock.

Institutional Trading of CNO Financial Group

A number of hedge funds and other institutional investors have recently modified their holdings of the business. IFP Advisors Inc lifted its position in CNO Financial Group by 38.4% during the 2nd quarter. IFP Advisors Inc now owns 713 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 198 shares during the period. Fortitude Family Office LLC boosted its stake in CNO Financial Group by 156.9% during the third quarter. Fortitude Family Office LLC now owns 483 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 295 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in CNO Financial Group by 2.1% in the first quarter. Oregon Public Employees Retirement Fund now owns 19,408 shares of the financial services provider’s stock worth $797,000 after purchasing an additional 400 shares during the period. Versant Capital Management Inc increased its stake in shares of CNO Financial Group by 72.0% during the second quarter. Versant Capital Management Inc now owns 1,132 shares of the financial services provider’s stock valued at $58,000 after purchasing an additional 474 shares in the last quarter. Finally, Bessemer Group Inc. increased its stake in shares of CNO Financial Group by 75.4% during the first quarter. Bessemer Group Inc. now owns 1,133 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 487 shares in the last quarter. 95.43% of the stock is owned by hedge funds and other institutional investors.

CNO Financial Group Company Profile

CNO Financial Group, Inc is a holding company that provides insurance and related financial services to middle-income Americans. Through its operating companies, CNO offers products designed to help individuals and families address retirement income, life insurance, health care and long-term financial protection needs.

The company’s primary brands include Bankers Life, which distributes insurance and annuity products through agents; Washington National, which focuses on supplemental health and life insurance; and Colonial Penn, which markets life and supplemental health insurance directly to consumers.