CNO Financial Group (NYSE:CNO) posted its quarterly earnings data on Tuesday. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.02), Briefing.com reports. The firm had revenue of $944.00 million for the quarter, compared to the consensus estimate of $953.60 million. CNO Financial Group had a return on equity of 7.10% and a net margin of 4.29%. CNO Financial Group’s quarterly revenue was down 36.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.53 earnings per share.
Shares of NYSE CNO traded up $0.12 during trading hours on Friday, hitting $17.31. 296,906 shares of the stock were exchanged, compared to its average volume of 976,127. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.25 and a quick ratio of 0.25. The company’s 50 day moving average is $15.69 and its 200 day moving average is $16.01. The firm has a market capitalization of $2.68 billion, a P/E ratio of 9.46 and a beta of 1.22. CNO Financial Group has a one year low of $13.64 and a one year high of $19.61.
Several analysts recently issued reports on CNO shares. Zacks Investment Research downgraded shares of CNO Financial Group from a “hold” rating to a “sell” rating and set a $17.00 price objective for the company. in a report on Thursday, September 12th. Citigroup decreased their price objective on shares of CNO Financial Group from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, September 13th. Finally, ValuEngine downgraded shares of CNO Financial Group from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $18.33.
In related news, Director Frederick James Sievert sold 9,415 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $15.94, for a total transaction of $150,075.10. Following the completion of the sale, the director now directly owns 65,555 shares of the company’s stock, valued at approximately $1,044,946.70. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.50% of the stock is currently owned by corporate insiders.
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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