NYSE:CNO

CNO Financial Group (CNO) Stock Price, News & Analysis

$27.64
+0.03 (+0.11%)
(As of 05/8/2024 ET)
Today's Range
$27.39
$27.70
50-Day Range
$25.12
$27.70
52-Week Range
$20.78
$28.39
Volume
760,146 shs
Average Volume
759,439 shs
Market Capitalization
$3.01 billion
P/E Ratio
8.06
Dividend Yield
2.17%
Price Target
$27.50

CNO Financial Group MarketRank™ Stock Analysis

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
0.5% Downside
$27.50 Price Target
Short Interest
Healthy
2.09% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.18
Upright™ Environmental Score
News Sentiment
0.93mentions of CNO Financial Group in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$4.12 M Sold Last Quarter
Proj. Earnings Growth
10.97%
From $3.10 to $3.44 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.63 out of 5 stars

Finance Sector

125th out of 874 stocks

Accident & Health Insurance Industry

2nd out of 4 stocks

CNO stock logo

About CNO Financial Group Stock (NYSE:CNO)

CNO Financial Group, Inc., through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, insurance products, and financial services for senior and middle-income markets in the United States. It offers Medicare supplement, supplemental health, and long-term care insurance policies; life insurance; and annuities, as well as Medicare advantage plans to individuals through phone, online, mail, and face-to-face. The company also focuses on sale of voluntary benefit life and health insurance products for businesses, associations, and other membership groups by interacting with customers at their place of employment. In addition, it provides fixed indexed annuities; fixed interest annuities, including fixed rate single and flexible premium deferred annuities; single premium immediate annuities; supplemental health products, such as specified disease, accident, and hospital indemnity products; and long-term care plans primarily to retirees and older self-employed individuals in the middle-income market. Further, the company offers universal life and other interest-sensitive life products; and traditional life policies that include whole life, graded benefit life, term life, and single premium whole life products, as well as graded benefit life insurance products. It markets its products under the Bankers Life, Washington National, and Colonial Penn brand names. The company was founded in 1979 and is headquartered in Carmel, Indiana.

CNO Stock Price History

CNO Stock News Headlines

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CNO Financial Raises Quarterly Dividend 6.7%
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Welcome to the financial rollercoaster of 2024, where inflation is persistent, stock markets are overinflated and volatile, global conflicts are intensifying, and the national debt is reaching new heights.
Q1 2024 CNO Financial Group Inc Earnings Call
IEN Survey Report Press Release
See More Headlines
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Company Calendar

Ex-Dividend for 3/22 Dividend
3/07/2024
Dividend Payable
3/22/2024
Last Earnings
4/29/2024
Today
5/09/2024
Ex-Dividend for 6/24 Dividend
6/10/2024
Dividend Payable
6/24/2024
Next Earnings (Estimated)
7/29/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Accident & health insurance
Sub-Industry
Life & Health Insurance
CUSIP
12621E10
Employees
3,500
Year Founded
1979

Price Target and Rating

Average Stock Price Target
$27.50
High Stock Price Target
$30.00
Low Stock Price Target
$24.00
Potential Upside/Downside
-0.5%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
5 Analysts

Profitability

Net Income
$276.50 million
Pretax Margin
11.73%

Debt

Sales & Book Value

Annual Sales
$4.15 billion
Cash Flow
$3.24 per share
Book Value
$19.75 per share

Miscellaneous

Free Float
105,493,000
Market Cap
$3.01 billion
Optionable
Optionable
Beta
1.03

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CNO Stock Analysis - Frequently Asked Questions

Should I buy or sell CNO Financial Group stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CNO Financial Group in the last year. There are currently 1 sell rating, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" CNO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CNO, but not buy additional shares or sell existing shares.
View CNO analyst ratings
or view top-rated stocks.

What is CNO Financial Group's stock price target for 2024?

5 analysts have issued 1 year price objectives for CNO Financial Group's stock. Their CNO share price targets range from $24.00 to $30.00. On average, they predict the company's share price to reach $27.50 in the next year. This suggests that the stock has a possible downside of 0.5%.
View analysts price targets for CNO
or view top-rated stocks among Wall Street analysts.

How have CNO shares performed in 2024?

CNO Financial Group's stock was trading at $27.90 on January 1st, 2024. Since then, CNO stock has decreased by 0.9% and is now trading at $27.64.
View the best growth stocks for 2024 here
.

Are investors shorting CNO Financial Group?

CNO Financial Group saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 2,260,000 shares, a decline of 20.1% from the March 15th total of 2,830,000 shares. Based on an average daily trading volume, of 734,200 shares, the short-interest ratio is currently 3.1 days. Approximately 2.1% of the shares of the company are short sold.
View CNO Financial Group's Short Interest
.

When is CNO Financial Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, July 29th 2024.
View our CNO earnings forecast
.

How were CNO Financial Group's earnings last quarter?

CNO Financial Group, Inc. (NYSE:CNO) announced its earnings results on Monday, April, 29th. The financial services provider reported $0.52 EPS for the quarter, missing the consensus estimate of $0.64 by $0.12. The financial services provider earned $1.16 billion during the quarter, compared to analyst estimates of $935.76 million. CNO Financial Group had a trailing twelve-month return on equity of 16.77% and a net margin of 9.07%. CNO Financial Group's quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.51 earnings per share.

How often does CNO Financial Group pay dividends? What is the dividend yield for CNO Financial Group?

CNO Financial Group announced a quarterly dividend on Friday, May 3rd. Stockholders of record on Monday, June 10th will be paid a dividend of $0.16 per share on Monday, June 24th. This represents a $0.64 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Monday, June 10th. This is an increase from the stock's previous quarterly dividend of $0.15.
Read our dividend analysis for CNO
.

Is CNO Financial Group a good dividend stock?

CNO Financial Group (NYSE:CNO) pays an annual dividend of $0.60 per share and currently has a dividend yield of 2.21%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 17.49%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNO will have a dividend payout ratio of 17.44% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CNO.

What is Gary C. Bhojwani's approval rating as CNO Financial Group's CEO?

34 employees have rated CNO Financial Group Chief Executive Officer Gary C. Bhojwani on Glassdoor.com. Gary C. Bhojwani has an approval rating of 69% among the company's employees.

What other stocks do shareholders of CNO Financial Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other CNO Financial Group investors own include Inovio Pharmaceuticals (INO), AbbVie (ABBV), Energy Transfer (ET), Bank of America (BAC), Walt Disney (DIS), International Business Machines (IBM), Intel (INTC), Pfizer (PFE), AT&T (T) and Wells Fargo & Company (WFC).

Who are CNO Financial Group's major shareholders?

CNO Financial Group's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Pzena Investment Management LLC (6.00%), LSV Asset Management (4.11%), Principal Financial Group Inc. (1.95%), Easterly Investment Partners LLC (0.50%), Paradice Investment Management LLC (0.39%) and Assenagon Asset Management S.A. (0.36%). Insiders that own company stock include David B Foss, Frederick James Sievert, Gary C Bhojwani, Jeanne L Linnenbringer, John R Kline, Karen Detoro, Matthew J Zimpfer, Paul H Mcdonough, Robert C Greving, Rocco F Tarasi III, Scott L Goldberg, Steven E Shebik and Yvonne K Franzese.
View institutional ownership trends
.

How do I buy shares of CNO Financial Group?

Shares of CNO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:CNO) was last updated on 5/9/2024 by MarketBeat.com Staff

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