What is DOWLING & PARTN’s Estimate for CNO FY2027 Earnings?

CNO Financial Group, Inc. (NYSE:CNO) – Analysts at DOWLING & PARTN lifted their FY2027 earnings estimates for shares of CNO Financial Group in a report released on Wednesday, November 4th. DOWLING & PARTN analyst J. Hurwitz now forecasts that the financial services provider will post earnings per share of $5.25 for the year, up from their prior forecast of $5.15. 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 $5.75 EPS.

CNO Financial Group (NYSE:CNO) last released its quarterly earnings data on Thursday, October 29th. The financial services provider reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.80. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.01 billion. CNO Financial Group had a return on equity of 22.64% and a net margin of 9.19%. During the same period in the prior year, the firm posted $1.29 EPS.

CNO has been the subject of several other reports. Jefferies Financial Group lowered CNO Financial Group from a “buy” rating to a “hold” rating and upped their price target for the stock from $53.00 to $55.00 in a research note on Friday, July 10th. Zacks Research raised CNO Financial Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 20th. Keefe, Bruyette & Woods lifted their price objective on CNO Financial Group from $53.00 to $57.00 and gave the company a “market perform” rating in a research note on Monday, August 3rd. Wall Street Zen upgraded CNO Financial Group from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, Capital One Financial set a $70.00 price target on shares of CNO Financial Group in a report on Wednesday, August 26th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $56.00.

CNO Financial Group Trading Up 0.7%

Shares of CNO opened at $57.82 on Thursday. CNO Financial Group has a twelve month low of $38.99 and a twelve month high of $58.94. The firm has a market capitalization of $5.35 billion, a P/E ratio of 13.20 and a beta of 0.80. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 1.95. The stock’s fifty day simple moving average is $54.75 and its 200 day simple moving average is $48.71.

Hedge Funds Weigh In On CNO Financial Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in CNO Financial Group in the second quarter valued at approximately $682,433,000. Pzena Investment Management LLC acquired a new position in shares of CNO Financial Group during the second quarter worth $124,476,000. Principal Financial Group Inc. lifted its position in shares of CNO Financial Group by 8.3% during the first quarter. Principal Financial Group Inc. now owns 1,492,497 shares of the financial services provider’s stock worth $61,282,000 after purchasing an additional 114,000 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of CNO Financial Group by 6.2% in the first quarter. Bank of America Corp DE now owns 988,063 shares of the financial services provider’s stock valued at $40,570,000 after purchasing an additional 57,804 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in shares of CNO Financial Group in the second quarter valued at $44,529,000. Hedge funds and other institutional investors own 95.43% of the company’s stock.

Insiders Place Their Bets

In related news, insider Karen J. Detoro sold 9,374 shares of the firm’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $54.98, for a total transaction of $515,382.52. Following the sale, the insider directly owned 44,250 shares in the company, valued at approximately $2,432,865. This trade represents a 17.48% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeremy D. Williams sold 4,420 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $55.27, for a total value of $244,293.40. Following the sale, the insider owned 62,163 shares in the company, valued at approximately $3,435,749.01. The trade was a 6.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. 3.44% of the stock is owned by corporate insiders.

About CNO Financial Group

CNO Financial Group, Inc is a holding company for a group of insurance and financial services businesses focused on serving middle-income Americans, particularly individuals approaching or in retirement. Through its operating companies, CNO provides products designed to help customers protect income, manage health care expenses and prepare for retirement.

CNO’s principal brands include Bankers Life, Colonial Penn and Washington National. Its offerings include life insurance, annuities, supplemental health insurance, Medicare supplement insurance and other insurance products.