CNO Financial Group, Inc. (CNO) to Issue Quarterly Dividend of $0.17 on March 24th

CNO Financial Group, Inc. (NYSE:CNO) declared a quarterly dividend on Wednesday, February 11th. Stockholders of record on Tuesday, March 10th will be paid a dividend of 0.17 per share by the financial services provider on Tuesday, March 24th. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Tuesday, March 10th.

CNO Financial Group has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 2 consecutive years. CNO Financial Group has a dividend payout ratio of 16.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect CNO Financial Group to earn $4.26 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 16.0%.

CNO Financial Group Stock Performance

Shares of CNO opened at $43.18 on Friday. The company has a current ratio of 0.17, a quick ratio of 0.18 and a debt-to-equity ratio of 1.43. CNO Financial Group has a 12 month low of $34.63 and a 12 month high of $44.85. The firm has a fifty day simple moving average of $42.32 and a 200 day simple moving average of $40.38. The stock has a market capitalization of $4.12 billion, a price-to-earnings ratio of 19.36 and a beta of 0.84.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.27. The business had revenue of $101.10 million for the quarter, compared to analyst estimates of $1 billion. CNO Financial Group had a return on equity of 15.80% and a net margin of 4.94%.CNO Financial Group’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.18 EPS. Research analysts forecast that CNO Financial Group will post 3.83 EPS for the current fiscal year.

Analyst Ratings Changes

CNO has been the subject of a number of recent analyst reports. Wall Street Zen cut shares of CNO Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of CNO Financial Group in a research note on Wednesday, January 21st. Jefferies Financial Group raised shares of CNO Financial Group from a “hold” rating to a “buy” rating and boosted their target price for the company from $42.00 to $47.00 in a research note on Monday, December 15th. Finally, Piper Sandler boosted their price objective on shares of CNO Financial Group from $46.00 to $50.00 and gave the company an “overweight” rating in a research report on Tuesday, December 23rd. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $47.33.

CNO Financial Group Company Profile

CNO Financial Group is an Indiana‐based holding company that offers a range of insurance and retirement solutions through its operating subsidiaries. Its primary business activities include life insurance, annuities, and supplemental health insurance products designed to help individuals plan for retirement and manage health‐related expenses. The company serves middle‐income Americans, with particular emphasis on senior customers seeking guaranteed coverage and reliable income streams.

Originally founded as Conseco in 1979, the company underwent a financial restructuring and rebranded as CNO Financial Group in 2010.