DOWLING & PARTN Has Positive Outlook for CNO FY2027 Earnings

Key Points

• DOWLING & PARTN raised CNO Financial Group’s FY2027 EPS estimate to $5.15 from $5.10, above the current full-year consensus of $4.74; its FY2028 estimate is $5.65 per share.
• CNO’s latest quarterly results exceeded expectations, with EPS of $1.26 versus the $0.97 consensus and revenue of $1.29 billion. Revenue increased 11.6% year over year.
• Analysts maintain a Moderate Buy consensus rating with a $56 average price target, while institutional investors own 95.43% of the stock; CNO also pays a quarterly dividend of $0.18 per share.

CNO Financial Group, Inc. (NYSE:CNO - Free Report) - DOWLING & PARTN increased their FY2027 earnings per share estimates for CNO Financial Group in a research report issued to clients and investors on Tuesday, October 13th. DOWLING & PARTN analyst J. Hurwitz now anticipates that the financial services provider will post earnings of $5.15 per share for the year, up from their previous estimate of $5.10. 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 $5.65 EPS.

CNO Financial Group (NYSE:CNO - Get Free Report) last announced its earnings results on Thursday, July 30th. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.29. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $999.45 million. CNO Financial Group had a return on equity of 18.76% and a net margin of 6.02%. The business's revenue was up 11.6% compared to the same quarter last year. During the same period last year, the firm posted $0.87 EPS.

Several other equities analysts have also weighed in on CNO. Jefferies Financial Group lowered shares of CNO Financial Group from a "buy" rating to a "hold" rating and increased their price target for the company from $53.00 to $55.00 in a research report on Friday, July 10th. Keefe, Bruyette & Woods lifted their price objective on shares of CNO Financial Group from $53.00 to $57.00 and gave the stock a "market perform" rating in a research report on Monday, August 3rd. Wall Street Zen raised shares of CNO Financial Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Weiss Ratings upgraded shares of CNO Financial Group from a "buy (b+)" rating to a "buy (a)" rating in a research note on Thursday, October 8th. Finally, Capital One Financial set a $70.00 target price on shares of CNO Financial Group in a research note on Wednesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, CNO Financial Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $56.00.

CNO Financial Group Trading Up 0.2%

NYSE CNO opened at $53.55 on Thursday. The business's fifty day moving average is $54.50 and its 200-day moving average is $50.41. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.17 and a quick ratio of 0.17. The stock has a market capitalization of $4.95 billion, a price-to-earnings ratio of 18.40 and a beta of 0.80. CNO Financial Group has a one year low of $38.22 and a one year high of $57.59.

Institutional Trading of CNO Financial Group

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. bought a new stake in CNO Financial Group in the second quarter worth $682,433,000. Pzena Investment Management LLC boosted its position in CNO Financial Group by 0.3% during the first quarter. Pzena Investment Management LLC now owns 2,470,921 shares of the financial services provider's stock valued at $101,456,000 after buying an additional 8,053 shares during the period. Principal Financial Group Inc. boosted its position in 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 valued at $61,282,000 after buying an additional 114,000 shares during the period. Bank of America Corp DE grew its stake in shares of CNO Financial Group by 6.2% during 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 buying an additional 57,804 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of CNO Financial Group during the second quarter valued at about $44,529,000. 95.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Jeanne L. Linnenbringer sold 6,560 shares of CNO Financial Group stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $54.99, for a total value of $360,734.40. Following the completion of the sale, the insider owned 34,188 shares of the company's stock, valued at approximately $1,879,998.12. This trade represents a 16.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Karen J. Detoro sold 9,374 shares of the company's stock in a transaction dated Monday, August 31st. The shares were 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 ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 47,995 shares of company stock valued at $2,641,336 in the last 90 days. Insiders own 3.44% of the company's stock.

CNO Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, September 10th. CNO Financial Group's dividend payout ratio is currently 24.74%.

CNO Financial Group Company Profile

CNO Financial Group, Inc is a holding company that provides insurance and related financial services to middle-income Americans. Through its operating companies, CNO offers products designed to help individuals and families address retirement income, life insurance, health care and long-term financial protection needs.

The company's primary brands include Bankers Life, which distributes insurance and annuity products through agents; Washington National, which focuses on supplemental health and life insurance; and Colonial Penn, which markets life and supplemental health insurance directly to consumers.

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