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

Key Points

• DOWLING & PARTN raised its FY2027 EPS estimate for CNO Financial Group to $5.25 from $5.15. The firm also forecasts FY2028 EPS of $5.75.
• CNO reported quarterly EPS of $1.90, beating the $1.10 analyst consensus by $0.80, while revenue of $1.09 billion exceeded estimates of $1.01 billion.
• Analysts have a consensus “Moderate Buy” rating and an average price target of $56.00.

CNO Financial Group, Inc. (NYSE:CNO - Free Report) - DOWLING & PARTN upped their FY2027 earnings per share (EPS) estimates for shares of CNO Financial Group in a research note issued to investors on Wednesday, November 4th. DOWLING & PARTN analyst J. Hurwitz now forecasts that the financial services provider will earn $5.25 per share 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 - Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.10 by $0.80. CNO Financial Group had a return on equity of 22.64% and a net margin of 9.19%. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the company posted $1.29 earnings per share.

A number of other brokerages have also recently issued reports on CNO. Keefe, Bruyette & Woods increased their target price on shares of CNO Financial Group from $53.00 to $57.00 and gave the company a "market perform" rating in a report on Monday, August 3rd. Jefferies Financial Group lowered CNO Financial Group from a "buy" rating to a "hold" rating and upped their target price for the company from $53.00 to $55.00 in a report on Friday, July 10th. Capital One Financial set a $70.00 price target on CNO Financial Group in a research note on Wednesday, August 26th. Wall Street Zen upgraded shares of CNO Financial Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Finally, Zacks Research upgraded shares of CNO Financial Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 20th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, CNO Financial Group presently has an average rating of "Moderate Buy" and a consensus price target of $56.00.

CNO Financial Group Price Performance

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

Insider Activity at CNO Financial Group

In other CNO Financial Group news, insider Karen J. Detoro sold 9,374 shares of the firm'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 of the company's stock, valued at $2,432,865. This trade represents a 17.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 CNO Financial Group stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $55.27, for a total transaction of $244,293.40. Following the sale, the insider owned 62,163 shares of the company's stock, valued at approximately $3,435,749.01. This trade represents 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. In the last quarter, insiders sold 47,995 shares of company stock valued at $2,641,336. 3.44% of the stock is owned by insiders.

Hedge Funds Weigh In On CNO Financial Group

A number of institutional investors have recently modified their holdings of the company. Callan Family Office LLC purchased a new stake in shares of CNO Financial Group in the second quarter valued at $1,089,000. BlackRock Inc. acquired a new position in CNO Financial Group in the second quarter valued at $682,433,000. Deutsche Bank AG purchased a new position in CNO Financial Group during the second quarter worth about $6,545,000. Hsbc Holdings PLC lifted its position in CNO Financial Group by 102.1% during the fourth quarter. Hsbc Holdings PLC now owns 45,025 shares of the financial services provider's stock worth $1,914,000 after buying an additional 22,749 shares during the period. Finally, Quantinno Capital Management LP boosted its stake in CNO Financial Group by 26.0% in the 1st quarter. Quantinno Capital Management LP now owns 219,598 shares of the financial services provider's stock worth $9,017,000 after buying an additional 45,248 shares during the last quarter. Institutional investors and hedge funds own 95.43% of the company's stock.

CNO Financial Group Company Profile

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.

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