CNO Financial Group, Inc. (CNO) Releases Quarterly Earnings Results, Beats Estimates By $0.06 EPS

CNO Financial Group, Inc. (NYSE:CNO) issued its quarterly earnings results on Wednesday. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.06, Bloomberg Earnings reports. CNO Financial Group had a return on equity of 5.74% and a net margin of 9.61%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1 billion. During the same quarter last year, the company posted $0.37 EPS. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year.

Shares of CNO Financial Group (NYSE CNO) traded down 1.37% during midday trading on Thursday, reaching $24.48. The company had a trading volume of 2,374,432 shares. CNO Financial Group has a one year low of $14.85 and a one year high of $25.07. The company has a market capitalization of $4.14 billion, a PE ratio of 10.70 and a beta of 1.20. The company has a 50 day moving average of $23.43 and a 200 day moving average of $21.89.

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Several equities analysts have recently issued reports on the company. Wells Fargo & Company set a $22.00 price target on CNO Financial Group and gave the company a “hold” rating in a research note on Wednesday. Zacks Investment Research lowered CNO Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Goldman Sachs Group, Inc. (The) began coverage on CNO Financial Group in a research report on Wednesday, October 18th. They set a “neutral” rating and a $24.00 price objective on the stock. BidaskClub upgraded CNO Financial Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 2nd. Finally, Morgan Stanley lowered CNO Financial Group from an “equal weight” rating to an “underweight” rating and set a $21.00 price objective on the stock. in a research report on Monday, August 14th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. CNO Financial Group has an average rating of “Hold” and a consensus target price of $22.25.

CNO Financial Group Company Profile

CNO Financial Group, Inc is a holding company for a group of insurance companies operating throughout the United States that develops, markets and administers health insurance, annuity, individual life insurance and other insurance products. The Company’s segments include Bankers Life, Washington National and Colonial Penn.

Earnings History for CNO Financial Group (NYSE:CNO)

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