CNO Financial Group Company Profile (NYSE:CNO)

CNO Financial Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "CNO."

CNO Financial Group declared a quarterly dividend on Thursday, May 11th. Investors of record on Friday, June 9th will be paid a dividend of $0.09 per share on Friday, June 23rd. This represents a $0.36 annualized dividend and a yield of 1.65%. The ex-dividend date is Wednesday, June 7th. This is an increase from CNO Financial Group's previous quarterly dividend of $0.08. View CNO Financial Group's Dividend History.

CNO Financial Group declared that its Board of Directors has initiated a share buyback program on Sunday, June 4th 2017, which allows the company to repurchase $300,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 8.3% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's leadership believes its stock is undervalued.

CNO Financial Group, Inc. (NYSE:CNO) issued its quarterly earnings data on Wednesday, April, 26th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.31 by $0.03. The firm had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.01 billion. CNO Financial Group had a return on equity of 5.51% and a net margin of 9.16%. CNO Financial Group's quarterly revenue was up 11.5% on a year-over-year basis. During the same period last year, the firm posted $0.26 EPS. View CNO Financial Group's Earnings History.

CNO Financial Group is scheduled to release their next quarterly earnings announcement on Wednesday, July, 26th 2017. View Earnings Estimates for CNO Financial Group.

8 brokers have issued twelve-month price targets for CNO Financial Group's shares. Their predictions range from $17.00 to $23.00. On average, they expect CNO Financial Group's stock price to reach $20.17 in the next year. View Analyst Ratings for CNO Financial Group.

Here are some recent quotes from research analysts about CNO Financial Group stock:

• 1. According to Zacks Investment Research, "CNO Financial’s investment in technological innovations in terms of product line upgrades has helped the company to build a strong position in the market. In addition, the company is strategizing for the reduction of long-term care exposure via run-off of existing non-performing businesses, reinsurance and increasing focus on growth of other potential business lines. Strongcapital management supported long term growth as well.The stock gained 9% compared with 6% gain by the Zacks categorized Multi-line insurance industry, year to date. However, the company’s low market share in some product lines poses the risk of limiting business opportunities going forward. Also, suspension of its share buyback plan for this year might have affected bottom line. The company’s margin is heavily affected by its high level of debt that increased financial risk as well as borrowing cost. Moreover, pricing challenges in the long-term care bothers." (7/12/2017)
• 2. Wells Fargo & Company 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)

Some companies that are related to CNO Financial Group include Voya Financial (VOYA), StanCorp Financial Group (SFG), Symetra Financial (SYA), Phoenix Group Holdings (PHNX), Just Group PLC (JUST), Just Group PLC (JRP), Chesnara Plc (CSN), GWG Holdings (GWGH), Friends Life Group Ltd (RSL), Friends Life Group Ltd (FLG), Just Group PLC (JRG) and Protective Life Corp. (PL).

CNO Financial Group's management team includes the folowing people:

• Gary C. Bhojwani, Chief Executive Officer, Director
• Edward J. Bonach, Chief Executive Officer, Director
• Erik M. Helding, Chief Financial Officer, Executive Vice President
• Mike Heard, President - Washington National Segment
• Joel Schwartz, President - Colonial Penn Segment
• Bruce Baude, Chief Operations and Technology Officer, Executive Vice President
• Matthew J. Zimpfer, Executive Vice President, General Counsel
• Susan L. Menzel, Executive Vice President - Human Resources
• Christopher J. Nickele, Executive Vice President, Chief Actuary
• John R. Kline, Senior Vice President, Chief Accounting Officer

CNO Financial Group's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Bank of Montreal Can (0.45%), Dalton Greiner Hartman Maher & Co. (0.38%), Salzhauer Michael (0.12%), Aperio Group LLC (0.06%), State Treasurer State of Michigan (0.04%) and Oregon Public Employees Retirement Fund (0.04%). Company insiders that own CNO Financial Group stock include Bruce K Baude, Christopher J Nickele, Edward J Bonach, John R Kline, Matthew J Zimpfer, Neal C Schneider, Scott R Perry and Susan L Menzel. View Institutional Ownership Trends for CNO Financial Group.

CNO Financial Group's stock was sold by a variety of institutional investors in the last quarter, including Salzhauer Michael, Adams Diversified Equity Fund Inc., US Bancorp DE, Nisa Investment Advisors LLC and Breton Hill Capital Ltd.. Company insiders that have sold CNO Financial Group stock in the last year include Christopher J Nickele, Edward J Bonach, John R Kline, Neal C Schneider and Susan L Menzel. View Insider Buying and Selling for CNO Financial Group.

CNO Financial Group's stock was purchased by a variety of institutional investors in the last quarter, including Dalton Greiner Hartman Maher & Co., Bank of Montreal Can, Riverbridge Partners LLC, Aperio Group LLC, Oregon Public Employees Retirement Fund, LS Investment Advisors LLC, Louisiana State Employees Retirement System and Capstone Asset Management Co.. View Insider Buying and Selling for CNO Financial Group.

Shares of CNO Financial Group can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of CNO Financial Group stock can currently be purchased for approximately $21.88.