About CNO Financial Group (NYSE:CNO)
CNO Financial Group, Inc., through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, and other insurance products for senior and middle-income markets in the United States. It operates through Bankers Life, Washington National, Colonial Penn, and Long-Term Care in Run Off segments. The Bankers Life segment markets and distributes Medicare supplement insurance, interest-sensitive and traditional life insurance, fixed annuities, and long-term care insurance products; and Medicare advantage and prescription drug plan products through various distribution and marketing agreements. The Washington National segment markets and distributes supplemental health insurance, including specified disease, accident, and hospital indemnity insurance products; and life insurance at home and the worksite through independent marketing organizations and insurance agencies. The Colonial Penn segment primarily markets graded benefit and simplified issue life insurance directly to customers through television advertising, direct mail, the Internet, and telemarketing. The Long-Term Care in Run Off segment engages in the long-term care business. The company sells its products through career agents, independent producers, and direct marketing. CNO Financial Group, Inc. was founded in 1979 and is headquartered in Carmel, Indiana.
Industry, Sector and Symbol
Sub-IndustryLife & Health Insurance
Trailing P/E Ratio12.38
Forward P/E Ratio11.18
Sales & Book Value
Annual Sales$4.30 billion
Price / Sales0.88
Cash Flow$3.63 per share
Price / Cash6.26
Book Value$28.90 per share
Price / Book0.79
Net Income$175.60 million
Return on Equity6.63%
Return on Assets0.97%
CNO Financial Group (NYSE:CNO) Frequently Asked Questions
What is CNO Financial Group's stock symbol?
CNO Financial Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "CNO."
How often does CNO Financial Group pay dividends? What is the dividend yield for CNO Financial Group?
CNO Financial Group declared a quarterly dividend on Thursday, February 22nd. Shareholders of record on Friday, March 9th will be paid a dividend of $0.09 per share on Friday, March 23rd. This represents a $0.36 annualized dividend and a yield of 1.59%. The ex-dividend date is Thursday, March 8th. View CNO Financial Group's Dividend History.
How will CNO Financial Group's stock buyback program work?
CNO Financial Group announced that its Board of Directors has approved a stock repurchase program on Sunday, June 4th 2017, which permits the company to repurchase $300,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 8.3% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board of directors believes its stock is undervalued.
How were CNO Financial Group's earnings last quarter?
CNO Financial Group (NYSE:CNO) issued its quarterly earnings data on Tuesday, February, 13th. The financial services provider reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.41 by $0.20. The financial services provider earned $1.09 billion during the quarter. CNO Financial Group had a return on equity of 6.63% and a net margin of 4.09%. View CNO Financial Group's Earnings History.
When will CNO Financial Group make its next earnings announcement?
Where is CNO Financial Group's stock going? Where will CNO Financial Group's stock price be in 2018?
7 analysts have issued 12 month price targets for CNO Financial Group's shares. Their forecasts range from $21.00 to $25.00. On average, they expect CNO Financial Group's stock price to reach $23.40 in the next year. View Analyst Ratings for CNO Financial Group.
What are Wall Street analysts saying about CNO Financial Group stock?
Here are some recent quotes from research analysts about CNO Financial Group stock:
- 1. According to Zacks Investment Research, "CNO Financial’s shares have outperformed the industry in a year’s time. The company’s Washington National segment has been boosting the top line. Solid liquidity has supported investment in key initiatives. In addition, it is strategizing to reduce long-term care exposure via run-off of existing non-performing businesses and increasing focus on growth of other potential business lines. Strong capital management supports its long-term growth. However, the company suffers from high level of debt. This has also led to a significant increase in interest expenses that has been putting pressure on the bottom line." (1/10/2018)
- 2. Wells Fargo analysts commented, "We are bringing down 2018E EPS to $1.68 from $1.70 and 2019E to $1.83 from $1.85 to reflect higher assumed corporate expenses. We think the weakness in CNO shares today (down 2.82% versus down 0.12% in S&P 500 and down 0.72% in S&P 500 Life and Health Insurance Index) was mostly due to the lack of a long-term care solution announcement, and the target of “modest” organic ROE improvement over the next several years." (6/5/2017)
Who are some of CNO Financial Group's key competitors?
Some companies that are related to CNO Financial Group include Brown & Brown (BRO), First American Financial (FAF), Brighthouse Financial (BHF), Old Republic International (ORI), Erie Indemnity (ERIE), RenaissanceRe (RNR), Validus (VR), Hanover Insurance Group (THG), Axis Capital (AXS), Assurant (AIZ), MGIC Investment (MTG), Primerica (PRI), Enstar Group (ESGR), Assured Guaranty (AGO), Radian Group (RDN), Selective Insurance Group (SIGI), American National Insurance (ANAT) and White Mountains Insurance Group (WTM).
Who are CNO Financial Group's key executives?
CNO Financial Group's management team includes the folowing people:
- Mr. Gary Chandru Bhojwani, CEO & Director (Age 50)
- Mr. Erik Magnus Helding, Exec. VP & Chief Financial Officer (Age 45)
- Mr. Bruce Baude, Exec. VP and Chief Operations & Technology Officer (Age 53)
- Mr. Christopher Joseph Nickele, Exec. VP & Chief Actuary (Age 61)
- Mr. Eric R. Johnson, Exec. VP & Chief Investment Officer (Age 58)
Has CNO Financial Group been receiving favorable news coverage?
News coverage about CNO stock has trended somewhat positive on Tuesday, Accern reports. Accern ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CNO Financial Group earned a news impact score of 0.14 on Accern's scale. They also gave news articles about the financial services provider an impact score of 46.45 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.
Who are CNO Financial Group's major shareholders?
CNO Financial Group's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.76%), LSV Asset Management (3.26%), Bank of New York Mellon Corp (2.42%), Paradice Investment Management LLC (2.18%), Huber Capital Management LLC (1.75%) and Wells Fargo & Company MN (1.69%). Company insiders that own CNO Financial Group stock include Bruce K Baude, Christopher J Nickele, David Frederick Grant, Edward J Bonach, Formed Fast International Inc, John R Kline, Matthew J Zimpfer, Neal C Schneider and Susan L Menzel. View Institutional Ownership Trends for CNO Financial Group.
Which major investors are selling CNO Financial Group stock?
CNO stock was sold by a variety of institutional investors in the last quarter, including The Manufacturers Life Insurance Company , Eagle Asset Management Inc., Millennium Management LLC, Huber Capital Management LLC, Metropolitan Life Insurance Co. NY, Private Management Group Inc., OppenheimerFunds Inc. and Paradice Investment Management LLC. View Insider Buying and Selling for CNO Financial Group.
Which major investors are buying CNO Financial Group stock?
CNO stock was bought by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Guggenheim Capital LLC, Allianz Asset Management GmbH, APG Asset Management N.V., Bank of New York Mellon Corp, Arrowstreet Capital Limited Partnership, Schwab Charles Investment Management Inc. and Wells Fargo & Company MN. View Insider Buying and Selling for CNO Financial Group.
How do I buy shares of CNO Financial Group?
Shares of CNO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is CNO Financial Group's stock price today?
One share of CNO stock can currently be purchased for approximately $22.70.
How big of a company is CNO Financial Group?
CNO Financial Group has a market capitalization of $3.82 billion and generates $4.30 billion in revenue each year. The financial services provider earns $175.60 million in net income (profit) each year or $1.01 on an earnings per share basis. CNO Financial Group employs 3,300 workers across the globe.
How can I contact CNO Financial Group?
CNO Financial Group's mailing address is 11825 NORTH PENNSYLVANIA STREET, CARMEL IN, 46032. The financial services provider can be reached via phone at 317-817-6100 or via email at [email protected]
MarketBeat Community Rating for CNO Financial Group (CNO)MarketBeat's community ratings are surveys of what our community members think about CNO Financial Group and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
CNO Financial Group (NYSE:CNO) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Hold||Hold||Hold||Hold|
|Consensus Rating Score: ||2.29||2.17||2.11||2.00|
|Ratings Breakdown: ||1 Sell Rating(s)|
3 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
3 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
6 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
6 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$23.40||$23.40||$21.71||$20.50|
|Price Target Upside: ||3.08% upside||2.18% upside||8.49% downside||11.41% downside|
CNO Financial Group (NYSE:CNO) Consensus Price Target History
CNO Financial Group (NYSE:CNO) Analyst Ratings History
(Data available from 3/20/2016 forward)
CNO Financial Group (NYSE:CNO) Earnings History and Estimates Chart
CNO Financial Group (NYSE CNO) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|2/13/2018||Q4 2017||$0.41||$0.61||$1.09 billion||View||N/A|
|10/25/2017||Q3 2017||$0.39||$0.45||$1.00 billion||$1.08 billion||View||N/A|
|7/26/2017||Q2 2017||$0.37||$0.45||$999.20 million||$1.06 billion||View||N/A|
|4/26/2017||Q1 2017||$0.31||$0.34||$1.01 billion||$1.07 billion||View||N/A|
|2/7/2017||Q416||$0.39||$0.35||$972.88 million||$1.00 billion||View||Listen|
|11/1/2016||Q316||$0.35||$0.37||$969.42 million||$1.02 billion||View||N/A|
|7/26/2016||Q216||$0.35||$0.35||$961.56 million||$1.00 billion||View||N/A|
|4/27/2016||Q116||$0.32||$0.27||$956.40 million||$960.40 million||View||N/A|
|2/10/2016||Q415||$0.37||$0.52||$976.90 million||$969.60 million||View||Listen|
|10/28/2015||Q315||$0.34||$0.30||$971.24 million||$904.50 million||View||Listen|
|7/29/2015||Q2||$0.34||$0.34||$967.47 million||$640.10 million||View||Listen|
|4/29/2015||Q115||$0.32||$0.30||$984.80 million||$978.30 million||View||N/A|
|2/10/2015||Q414||$0.34||$0.29||$977.72 million||$1,000.00 million||View||N/A|
|10/28/2014||Q3 2014||$0.32||$0.46||$967.00 million||View||N/A|
|7/28/2014||Q114||$0.31||$0.29||$991.89 million||$1.09 billion||View||N/A|
|4/28/2014||Q1 2014||$0.28||$0.28||$1.05 billion||$1.08 billion||View||N/A|
|2/11/2014||Q413||$0.29||$0.33||$1.08 billion||$1.16 billion||View||N/A|
|10/28/2013||Q313||$0.28||$0.33||$1.07 billion||$1.23 billion||View||N/A|
|7/29/2013||Q2 2013||$0.26||$0.30||$1.06 billion||$1.08 billion||View||N/A|
|4/24/2013||Q1 2013||$0.21||$0.21||$1.04 billion||$1.14 billion||View||N/A|
CNO Financial Group (NYSE:CNO) Earnings Estimates
2018 EPS Consensus Estimate: $1.88
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
CNO Financial Group (NYSE:CNO) Dividend Information
|Dividend Growth:||13.40% (3 Year Average)|
|Payout Ratio:||35.64% (Trailing 12 Months of Earnings) |
17.73% (Based on This Year's Estimates)
16.22% (Based on Next Year's Estimates)
|Track Record:||5 Years of Consecutive Dividend Growth|
CNO Financial Group (NYSE:CNO) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
CNO Financial Group (NYSE CNO) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 2.00%
Institutional Ownership Percentage: 97.09%
CNO Financial Group (NYSE CNO) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|10/16/2017||David Frederick Grant||Insider||Sell||65,000||$0.11||$7,150.00|
|6/16/2017||Formed Fast International Inc.||Insider||Buy||10,000||$0.13||$1,300.00|
|6/7/2017||Formed Fast International Inc.||Insider||Buy||48,500||$0.15||$7,275.00|
|6/2/2017||Formed Fast International Inc.||Insider||Buy||20,000||$0.14||$2,800.00|
|5/30/2017||Formed Fast International Inc.||Insider||Buy||50,000||$0.13||$6,500.00|
|5/25/2017||Formed Fast International Inc.||Insider||Buy||50,000||$0.14||$7,000.00|
|5/24/2017||Formed Fast International Inc.||Insider||Buy||37,500||$0.14||$5,250.00|
|5/23/2017||Formed Fast International Inc.||Insider||Buy||1,500||$0.12||$180.00|
|5/19/2017||Formed Fast International Inc.||Insider||Buy||35,000||$0.12||$4,200.00|
|5/18/2017||Formed Fast International Inc.||Insider||Buy||52,500||$0.12||$6,300.00|
|5/17/2017||Formed Fast International Inc.||Insider||Buy||35,000||$0.11||$3,850.00|
|3/8/2017||Edward J Bonach||CEO||Sell||25,583||$20.63||$527,777.29||480,431|| |
|3/6/2017||John R Kline||SVP||Sell||13,500||$20.84||$281,340.00||54,796|| |
|3/3/2017||Christopher J Nickele||EVP||Sell||32,600||$21.08||$687,208.00||80,158|| |
|2/28/2017||Neal C Schneider||Director||Sell||29,382||$21.07||$619,078.74||90,273|| |
|11/15/2016||Susan L Menzel||EVP||Sell||79,500||$17.50||$1,391,250.00||1,960|| |
|6/23/2016||Christopher J Nickele||EVP||Sell||24,996||$19.25||$481,173.00||74,975|| |
|5/26/2016||John R Kline||SVP||Sell||25,000||$20.15||$503,750.00||40,371|| |
|5/19/2016||Bruce K Baude||EVP||Sell||62,890||$19.32||$1,215,034.80||115,878|| |
|5/11/2016||Matthew J Zimpfer||EVP||Sell||43,500||$19.28||$838,680.00||134,810|| |
|5/10/2016||Edward J Bonach||CEO||Sell||35,000||$18.70||$654,500.00||510,431|| |
|11/2/2015||Scott R Perry||Insider||Sell||11,000||$19.72||$216,920.00||281,497|| |
|6/8/2015||Christopher J Nickele||EVP||Sell||97,707||$18.16||$1,774,359.12|| |
|5/27/2015||Matthew J Zimpfer||EVP||Sell||39,200||$18.07||$708,344.00|| |
|5/21/2015||Neal C Schneider||Director||Sell||30,000||$18.42||$552,600.00|| |
|5/14/2015||Christopher Trenton Melnyk||Director||Buy||8,000||$0.07||$560.00|
|3/20/2015||Christopher J Nickele||EVP||Sell||31,118||$17.30||$538,341.40|| |
|3/20/2015||Roger Keith Long||Director||Sell||9,694||$17.29||$167,609.26|| |
|2/18/2015||Roger Keith Long||Director||Sell||232,557||$16.92||$3,934,864.44|| |
|12/15/2014||Christopher Trenton Melnyk||Director||Buy||2,000||$0.10||$190.00|
|12/2/2014||Roger Keith Long||Director||Sell||80,590||$17.08||$1,376,477.20|| |
|11/19/2014||John R Kline||SVP||Sell||20,000||$17.49||$349,800.00|| |
|11/17/2014||Scott R Perry||Insider||Sell||6,000||$17.83||$106,980.00|| |
|11/6/2014||Roger Keith Long||Director||Sell||70,000||$18.27||$1,278,900.00|| |
|8/29/2014||Roger Keith Long||Director||Sell||10,000||$17.90||$179,000.00|| |
|8/21/2014||Roger Keith Long||Director||Sell||15,000||$17.72||$265,800.00|| |
|8/20/2014||Roger Keith Long||Director||Sell||132,100||$17.29||$2,284,009.00|| |
|8/18/2014||Roger Keith Long||Director||Sell||100,000||$17.21||$1,721,000.00|| |
|8/13/2014||Roger Keith Long||Director||Sell||25,000||$16.69||$417,250.00|| |
|8/12/2014||Roger Keith Long||Director||Sell||75,000||$16.67||$1,250,250.00|| |
|8/7/2014||Edward J Bonach||CEO||Sell||76,333||$16.36||$1,248,807.88|| |
|3/31/2014||Roger Keith Long||Director||Sell||60,000||$18.01||$1,080,600.00||88,465|| |
|3/26/2014||Roger Keith Long||Director||Sell||14,808||$18.73||$277,353.84||88,465|| |
|3/24/2014||Roger Keith Long||Director||Sell||9,924||$19.27||$191,235.48||88,465|| |
|3/20/2014||Christopher Nickele||Insider||Sell||50,100||$19.13||$958,413.00||165,172|| |
|3/20/2014||Roger Keith Long||Director||Sell||107,100||$18.94||$2,028,474.00||88,465|| |
|3/17/2014||Roger Keith Long||Director||Sell||60,000||$18.64||$1,118,400.00||88,465|| |
|3/13/2014||Roger Keith Long||Director||Sell||81,000||$18.72||$1,516,320.00||88,465|| |
|3/7/2014||Roger Keith Long||Director||Sell||311,900||$18.85||$5,879,315.00||88,465|| |
|3/5/2014||Edward Bonach||CEO||Sell||109,500||$18.72||$2,049,840.00||431,639|| |
|11/8/2013||Roger Keith Long||Director||Sell||165,000||$16.00||$2,640,000.00||88,465|| |
|11/1/2013||Matthew J Zimpfer||EVP||Sell||58,000||$15.46||$896,680.00|| |
|10/31/2013||Roger Keith Long||Director||Sell||150,000||$15.61||$2,341,500.00|| |
|9/23/2013||Roger Keith Long||Director||Sell||20,000||$14.02||$280,400.00||103,465|| |
|9/16/2013||Roger Keith Long||Director||Sell||50,000||$14.60||$730,000.00||123,465|| |
|9/10/2013||Susan L Menzel||EVP||Sell||75,000||$14.73||$1,104,750.00|| |
|9/9/2013||Christopher J Nickele||Insider||Sell||100,100||$14.60||$1,461,460.00|| |
|8/15/2013||Roger Keith Long||Director||Sell||65,000||$14.69||$954,850.00||123,465|| |
|8/1/2013||Roger Keith Long||Director||Sell||77,000||$14.57||$1,121,890.00|| |
|7/31/2013||Edward J Bonach||CEO||Sell||43,000||$14.39||$618,770.00|| |
|7/31/2013||Matthew J Zimpfer||EVP||Sell||60,000||$14.49||$869,400.00|| |
|6/4/2013||Roger Keith Long||Director||Sell||20,400||$12.44||$253,776.00|| |
|5/10/2013||Matthew J Zimpfer||EVP||Sell||24,000||$11.90||$285,600.00|| |
|11/2/2012||Edward J Bonach||CEO||Sell||50,000||$9.30||$465,000.00|| |
CNO Financial Group (NYSE CNO) News Headlines
CNO Financial Group (NYSE:CNO) SEC Filings
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CNO Financial Group (NYSE:CNO) Income Statement, Balance Sheet and Cash Flow Statement
CNO Financial Group (NYSE CNO) Stock Chart for Tuesday, March, 20, 2018