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

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CNO Financial Group in the last year. There are currently 3 hold ratings and 1 buy rating 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.

4 Wall Street research analysts have issued twelve-month price targets for CNO Financial Group's stock. Their CNO share price forecasts range from $24.00 to $28.00. On average, they expect the company's stock price to reach $25.25 in the next year. This suggests a possible upside of 7.7% from the stock's current price.
View analysts price targets for CNO or view top-rated stocks among Wall Street analysts.

CNO Financial Group's stock was trading at $22.85 at the beginning of 2023. Since then, CNO stock has increased by 2.6% and is now trading at $23.44.
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CNO Financial Group saw a decrease in short interest in the month of April. As of April 30th, there was short interest totaling 2,800,000 shares, a decrease of 18.6% from the April 15th total of 3,440,000 shares. Based on an average daily volume of 983,000 shares, the days-to-cover ratio is presently 2.8 days. Currently, 2.5% of the company's shares are short sold.
View CNO Financial Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, August 7th 2023.
View our CNO earnings forecast.

CNO Financial Group, Inc. (NYSE:CNO) announced its earnings results on Monday, May, 1st. The financial services provider reported $0.51 earnings per share for the quarter, missing analysts' consensus estimates of $0.65 by $0.14. The financial services provider had revenue of $1.01 billion for the quarter, compared to analyst estimates of $926 million. CNO Financial Group had a trailing twelve-month return on equity of 16.21% and a net margin of 7.59%. The business's quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.42 earnings per share.

CNO Financial Group announced a quarterly dividend on Friday, May 5th. Shareholders of record on Friday, June 9th will be given a dividend of $0.15 per share on Friday, June 23rd. This represents a $0.60 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend is Thursday, June 8th. This is an increase from the stock's previous quarterly dividend of $0.14.
Read our dividend analysis for CNO.

ETFs with the largest weight of CNO Financial Group (NYSE:CNO) stock in their portfolio include SPDR S&P Insurance ETF (KIE), Invesco S&P MidCap Value with Momentum ETF (XMVM), ProShares Russell 2000 Dividend Growers ETF (SMDV), Invesco S&P MidCap 400 Pure Value ETF (RFV), Hartford Multifactor Small Cap ETF (ROSC), Syntax Stratified MidCap ETF (SMDY), iShares US Small Cap Value Factor ETF (SVAL) and Avantis U.S. Small Cap Value ETF (AVUV).

CNO Financial Group (NYSE:CNO) pays an annual dividend of $0.60 per share and currently has a dividend yield of 2.56%. 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 24.69%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNO will have a dividend payout ratio of 20.48% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CNO.

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.

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).

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

CNO Financial Group's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (13.77%), Pzena Investment Management LLC (6.53%), LSV Asset Management (4.24%), Dimensional Fund Advisors LP (4.01%), State Street Corp (3.99%) and Franklin Resources Inc. (2.54%). Insiders that own company stock include Bruce K Baude, Charles J Jacklin, David B Foss, Frederick James Sievert, Gary C Bhojwani, John R Kline, Matthew J Zimpfer, Paul H Mcdonough, Robert C Greving, Scott L Goldberg and Steven E Shebik.
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Shares of CNO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CNO stock can currently be purchased for approximately $23.44.

CNO Financial Group (NYSE:CNO) has a market capitalization of $2.69 billion and generates $3.58 billion in revenue each year. The financial services provider earns $396.80 million in net income (profit) each year or $2.43 on an earnings per share basis.

The company employs 3,400 workers across the globe.

CNO Financial Group's mailing address is 11825 NORTH PENNSYLVANIA STREET, CARMEL IN, 46032. The official website for the company is www.cnoinc.com. The financial services provider can be reached via phone at (317) 817-6100, via email at jennifer.childe@cnoinc.com, or via fax at 317-817-2847.