CNO Financial Group, Inc. (CNO) To Go Ex-Dividend on September 10th

CNO Financial Group, Inc. (NYSE:CNO) declared a quarterly dividend on Wednesday, August 5th. Shareholders of record on Thursday, September 10th will be paid a dividend of 0.18 per share by the financial services provider on Thursday, September 24th. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Thursday, September 10th.

CNO Financial Group has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. CNO Financial Group has a payout ratio of 17.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect CNO Financial Group to earn $5.01 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 14.4%.

CNO Financial Group Trading Down 0.1%

NYSE:CNO opened at $56.67 on Tuesday. The company has a 50-day moving average price of $53.94 and a 200-day moving average price of $47.96. The stock has a market cap of $5.24 billion, a price-to-earnings ratio of 19.47 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 1.65. CNO Financial Group has a 12 month low of $38.22 and a 12 month high of $57.59.

CNO Financial Group (NYSE:CNO) last posted its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.29. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $999.45 million. CNO Financial Group had a return on equity of 18.76% and a net margin of 6.02%.The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.87 earnings per share. Equities analysts predict that CNO Financial Group will post 4.74 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Jefferies Financial Group cut shares of CNO Financial Group from a “buy” rating to a “hold” rating and lifted their price target for the stock from $53.00 to $55.00 in a research note on Friday, July 10th. Keefe, Bruyette & Woods increased their target price on shares of CNO Financial Group from $53.00 to $57.00 and gave the stock a “market perform” rating in a report on Monday, August 3rd. Evercore set a $48.00 price target on shares of CNO Financial Group and gave the company an “in-line” rating in a report on Monday, June 1st. Wall Street Zen raised shares of CNO Financial Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings upgraded shares of CNO Financial Group from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday, August 11th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $56.00.

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.