CNO Financial Group, Inc. (NYSE:CNO):
CNO Financial Group Announces Second Quarter 2017 Earnings Release Date.
The company is now up by 1.25% since yesterday’s close of $20.86.
CNO Financial Group, Inc. announced a dividend for shareholders which was paid on Friday June 23rd, 2017. The dividend was $0.090 per share for the quarter which comes to $0.36 on an annualized basis. This dividend represents a yield of $1.72. The ex-dividend date was set for Wednesday the 7th of June 2017.
CNO Financial Group, Inc., launched on March 25, 2003, 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 Business’s segments include Bankers Life, Washington National and Colonial Penn. It sells health insurance, annuity, individual life insurance and other insurance products through three primary distribution channels: career agents, independent producers and direct marketing..
Shares last traded at $21.12 which is marginally higher than the 50 day moving average which is $20.49 and which is slightly above the 200 day moving average of $20.24. The 50 day moving average went up by +3.07% and the 200 day average moved up $0.88.
The most current P/E ratio is 9.92 and market cap is 3.62B. As of the last earnings report the EPS was $2.13 and is projected to be $1.50 for the current year with 171,311,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $0.37 with next year’s EPS anticipated to be $1.64.
Brokerage analysts have weighed in on the stock of late. October 3 investment analysts at Keefe Bruyette & Woods maintained a stock rating of “Market Perform” but moved down the price target from $21.00 to $17.00. On September 30 the company was downgraded to “Neutral” from “Buy” with a current price target of $17.00 in an announcement from Goldman Sachs.
On September 30 the stock rating was downgraded from “” to “Neutral” by analysts at BTIG Research. On September 30 Deutsche Bank left the stock rating at “Hold” but moved down the price target from $18.00 to $16.00.
Wells Fargo released its first research report on the stock with an initial rating of “Outperform”. July 28 investment analysts at Deutsche Bank held the stock rating at “Hold” and lowered the price expectation to $18.00 from $20.00.