NYSE:CNO

CNO Financial Group - CNO Stock Forecast, Price & News

$19.91

+0.01 (+0.05%)

(As of 08/15/2022 12:00 AM ET)

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Today's Range: $19.60
▼
$19.94
50-Day Range: $16.73
▼
$20.56
52-Week Range: $16.56
▼
$26.74

Volume: 486,548 shs
Average Volume: 819,787 shs
Market Capitalization: $2.28 billion

P/E Ratio: 5.25
Dividend Yield: 2.81%
Price Target: $22.33

CNO Financial Group MarketRank™ Forecast

Analyst Rating: Hold
2.25 Rating Score
Upside/Downside: 12.2% Upside
$22.33 Price Target
Short Interest: Bearish
3.78% of Shares Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -0.18
Upright™ Environmental Score
News Sentiment: 0.00
Based on 2 Articles This Week
Insider Trading: Acquiring Shares
$58,590 Bought Last Quarter
Proj. Earnings Growth: 8.49%
From $2.12 to $2.30 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.69 out of 5 stars

Finance Sector

228th out of 926 stocks

Accident & Health Insurance Industry

2nd out of 4 stocks

2.1

Analyst's Opinion

Consensus Rating
CNO Financial Group has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 1 buy rating, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $22.33, CNO Financial Group has a forecasted upside of 12.2% from its current price of $19.91.
Amount of Analyst Coverage
CNO Financial Group has only been the subject of 2 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
3.78% of the outstanding shares of CNO Financial Group have been sold short.
Short Interest Ratio / Days to Cover
CNO Financial Group has a short interest ratio ("days to cover") of 4.2.
Change versus previous month
Short interest in CNO Financial Group has recently increased by 17.71%, indicating that investor sentiment is decreasing significantly.

4.2

Dividend Strength

Dividend Yield
CNO Financial Group pays a meaningful dividend of 2.81%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
CNO Financial Group has been increasing its dividend for 10 years.
Dividend Coverage
The dividend payout ratio of CNO Financial Group is 14.78%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, CNO Financial Group will have a dividend payout ratio of 24.35% next year. This indicates that CNO Financial Group will be able to sustain or increase its dividend.

4.2

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
CNO Financial Group has received a 60.54% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Pre-retirement counseling", "Life annuities", and "Life insurance services for individuals" products. See details.
Environmental Sustainability
The Environmental Impact score for CNO Financial Group is -0.18.

0.6

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 2 news articles for CNO Financial Group this week, compared to 1 article on an average week.
MarketBeat Follows
2 people have added CNO Financial Group to their MarketBeat watchlist in the last 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, CNO Financial Group insiders have bought more of their company's stock than they have sold. Specifically, they have bought $58,590.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 2.70% of the stock of CNO Financial Group is held by insiders.
Percentage Held by Institutions
96.18% of the stock of CNO Financial Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for CNO Financial Group are expected to grow by 8.49% in the coming year, from $2.12 to $2.30 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of CNO Financial Group is 5.25, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.83.
Price to Earnings Ratio vs. Sector
The P/E ratio of CNO Financial Group is 5.25, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 148.84.
Price to Book Value per Share Ratio
CNO Financial Group has a P/B Ratio of 0.47. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About CNO Financial Group (NYSE:CNO) Stock

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 offers Medicare supplement, supplemental health, and long-term care insurance policies; life insurance; and annuities, as well as Medicare advantage plans to individuals through phone, online, mail, and face-to-face. The company also focuses on worksite and group sales for businesses, associations, and other membership groups by interacting with customers at their place of employment. In addition, it provides fixed index annuities; fixed interest annuities, including fixed rate single and flexible premium deferred annuities; single premium immediate annuities; supplemental health products, such as specified disease, accident, and hospital indemnity products; and long-term care plans primarily to retirees and older self-employed individuals in the middle-income market. Further, the company offers universal life and other interest-sensitive life products; and traditional life policies that include whole life, graded benefit life, term life, and single premium whole life products, as well as graded benefit life insurance products. CNO Financial Group, Inc. markets its products under the Bankers Life, Washington National, and Colonial Penn brand names. The company sells its products through agents, independent producers, and direct marketing. CNO Financial Group, Inc. was founded in 1979 and is headquartered in Carmel, Indiana.

CNO Financial Group Trading Up 0.1 %

Shares of CNO Financial Group stock opened at $19.91 on Tuesday. The firm has a market capitalization of $2.28 billion, a PE ratio of 5.25 and a beta of 1.17. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 1.26. The firm's 50 day moving average is $18.26 and its 200 day moving average is $21.69. CNO Financial Group has a 1 year low of $16.56 and a 1 year high of $26.74.

CNO Financial Group (NYSE:CNO - Get Rating) last announced its quarterly earnings results on Monday, August 1st. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.37. CNO Financial Group had a net margin of 12.40% and a return on equity of 8.60%. During the same quarter last year, the firm posted $0.66 EPS. Equities research analysts forecast that CNO Financial Group will post 2.12 earnings per share for the current fiscal year.

CNO Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Friday, September 9th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, September 8th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.81%. CNO Financial Group's payout ratio is presently 14.78%.

Wall Street Analyst Weigh In

CNO has been the topic of several recent analyst reports. Piper Sandler decreased their target price on shares of CNO Financial Group from $22.00 to $19.00 and set a "neutral" rating on the stock in a report on Friday, July 8th. Morgan Stanley decreased their target price on shares of CNO Financial Group from $27.00 to $23.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 6th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $22.33.

Insider Activity at CNO Financial Group

In other CNO Financial Group news, Director David B. Foss purchased 3,000 shares of the firm's stock in a transaction on Thursday, May 19th. The stock was acquired at an average price of $19.53 per share, for a total transaction of $58,590.00. Following the purchase, the director now owns 32,388 shares of the company's stock, valued at approximately $632,537.64. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.70% of the stock is owned by corporate insiders.

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CNO Stock News Headlines

August 3, 2022 | nasdaq.com

CNO Financial Group, Inc. Just Recorded A 158% EPS Beat: Here's What Analysts Are Forecasting Next

August 3, 2022 | finance.yahoo.com

Can CNO Financial Group, Inc. (NYSE:CNO) Maintain Its Strong Returns?

August 2, 2022 | seekingalpha.com

CNO Financial Group, Inc. (CNO) CEO Gary Bhojwani on Q2 2022 Results - Earnings Call Transcript

August 1, 2022 | finance.yahoo.com

CNO Financial (CNO) Tops Q2 Earnings Estimates

August 1, 2022 | finance.yahoo.com

CNO Financial Group Reports Second Quarter 2022 Results

July 18, 2022 | finance.yahoo.com

CNO Financial Group Announces Second Quarter 2022 Earnings Release Date

July 18, 2022 | finance.yahoo.com

New Data Reveals Consumers Still Struggle with Healthcare Literacy

July 6, 2022 | markets.businessinsider.com

Analyst Ratings for CNO Finl Group

June 20, 2022 | finance.yahoo.com

CNO Financial Group Names Adam Auvil Vice President, Investor Relations and Sustainability

June 17, 2022 | morningstar.com

CNO Financial Group Inc - Stock Chart

June 8, 2022 | finance.yahoo.com

Bankers Life Introduces New Set of Medicare Supplement Insurance Plans

June 2, 2022 | finance.yahoo.com

CNO Financial Group Introduces Optavise, a New Worksite Brand

June 1, 2022 | finance.yahoo.com

Why Is CNO (CNO) Down 4.2% Since Last Earnings Report?

June 1, 2022 | finance.yahoo.com

CNO Financial Group (NYSE:CNO) Has Announced That It Will Be Increasing Its Dividend To US$0.14

May 31, 2022 | finance.yahoo.com

Beyond Monumental, CNO Financial Group Announce Indianapolis Monumental Marathon Title Sponsorship Extension through 2024

May 24, 2022 | apnews.com

Northern Trust Announces Investor Relations Transition

May 24, 2022 | finance.yahoo.com

Bankers Life Hosts "Alzheimer's Association Awareness Nights" at Greensboro Grasshoppers Home Games

May 20, 2022 | apnews.com

MIB Re-Elects Chairman and Adds New Directors to its Board

May 18, 2022 | finance.yahoo.com

CNO Financial Group (NYSE:CNO) Is Increasing Its Dividend To US$0.14

May 12, 2022 | finance.yahoo.com

Despite shrinking by US$192m in the past week, CNO Financial Group (NYSE:CNO) shareholders are still up 32% over 3 years

May 6, 2022 | seekingalpha.com

CNO Financial declares $0.14 dividend

May 5, 2022 | seekingalpha.com

CNO Financial Group, Inc. 2022 Q1 - Results - Earnings Call Presentation

May 3, 2022 | seekingalpha.com

CNO Financial Group, Inc. (CNO) CEO Gary Bhojwani on Q1 2022 Results - Earnings Call Transcript

May 2, 2022 | au.investing.com

CNO Financial Group Misses Q1 EPS by 13c

May 2, 2022 | finance.yahoo.com

CNO Financial (CNO) Lags Q1 Earnings and Revenue Estimates

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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CNO Company Calendar

Ex-Dividend for 6/24 Dividend: 6/09/2022
Dividend Payable: 6/24/2022
Last Earnings: 8/01/2022
Today: 8/16/2022
Ex-Dividend for 9/23 Dividend: 9/08/2022
Dividend Payable: 9/23/2022
Next Earnings (Estimated): 10/26/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Accident & health insurance
Sub-Industry: Life & Health Insurance
Sector: Finance
Current Symbol: NYSE:CNO
CUSIP: 12621E10
CIK: 1224608
Web: www.cnoinc.com
Phone: (317) 817-6100
Fax: 317-817-2847
Employees: 3,350
Year Founded: 1979

Price Target and Rating

Average Stock Price Forecast: $22.33
High Stock Price Forecast: $25.00
Low Stock Price Forecast: $19.00
Forecasted Upside/Downside: +12.2%
Consensus Rating: Hold
Rating Score (0-4): 2.25
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.79
Trailing P/E Ratio: 5.25
Forward P/E Ratio: 9.39
P/E Growth: N/A
Net Income: $441 million
Net Margins: 12.40%
Pretax Margin: 16.06%
Return on Equity: 8.60%
Return on Assets: 1.00%

Debt

Debt-to-Equity Ratio: 1.26
Current Ratio: 0.20
Quick Ratio: 0.20

Sales & Book Value

Annual Sales: $4.12 billion
Price / Sales: 0.55
Cash Flow: $5.56 per share
Price / Cash Flow: 3.58
Book Value: $42.65 per share
Price / Book: 0.47

Miscellaneous

Outstanding Shares: 114,400,000
Free Float: 111,309,000
Market Cap: $2.28 billion
Optionable: Optionable
Beta: 1.17

Social Links

Key Executives

Mr. Gary Chandru Bhojwani (Age 54)
CEO & Director
Comp: $3.81M
Mr. Paul Harrington McDonough (Age 57)
CFO & Exec. VP
Comp: $1.6M
Mr. Bruce Keating Baude (Age 57)
Exec. VP and Chief Operations & Technology Officer
Comp: $1.7M
Mr. Matthew Joseph Zimpfer (Age 55)
Exec. VP & Gen. Counsel
Comp: $1.58M
Mr. Scott Louis Goldberg CPA (Age 52)
Pres of Consumer Division
Comp: $1.52M
Mr. Eric Ronald Johnson (Age 62)
Chief Investment Officer
Mr. John Robert Kline CPA (Age 65)
Sr. VP & Chief Accounting Officer
Mr. Jeffrey Michael Kircher CPA
VP of Corp. Fin. & Treasurer
Mr. Mike Mead
Sr. VP & Chief Information Officer
Mr. Doug Williams
VP of Fin. & Admin.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CNO Stock - Frequently Asked Questions

Should I buy or sell CNO Financial Group stock right now?: 4 Wall Street research 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 research 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.
What is CNO Financial Group's stock price forecast for 2022?: 4 brokerages have issued 1-year price targets for CNO Financial Group's shares. Their CNO share price forecasts range from $19.00 to $25.00. On average, they anticipate the company's stock price to reach $22.33 in the next twelve months. This suggests a possible upside of 12.2% from the stock's current price.
View analysts price targets for CNO or view top-rated stocks among Wall Street analysts.
How have CNO shares performed in 2022?: CNO Financial Group's stock was trading at $23.84 on January 1st, 2022. Since then, CNO shares have decreased by 16.5% and is now trading at $19.91.
View the best growth stocks for 2022 here.
Are investors shorting CNO Financial Group?: CNO Financial Group saw a increase in short interest during the month of July. As of July 31st, there was short interest totaling 4,320,000 shares, an increase of 17.7% from the July 15th total of 3,670,000 shares. Based on an average daily volume of 1,020,000 shares, the days-to-cover ratio is presently 4.2 days.
View CNO Financial Group's Short Interest.
When is CNO Financial Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our CNO earnings forecast.
How were CNO Financial Group's earnings last quarter?: CNO Financial Group, Inc. (NYSE:CNO) announced its quarterly earnings results on Monday, August, 1st. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.37. CNO Financial Group had a trailing twelve-month return on equity of 8.60% and a net margin of 12.40%. During the same period in the previous year, the company earned $0.66 EPS.
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, August 11th. Shareholders of record on Friday, September 9th will be paid a dividend of $0.14 per share on Friday, September 23rd. This represents a $0.56 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend is Thursday, September 8th.
Read our dividend analysis for CNO.
Is CNO Financial Group a good dividend stock?: CNO Financial Group (NYSE:CNO) pays an annual dividend of $0.56 per share and currently has a dividend yield of 2.81%. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 14.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNO will have a dividend payout ratio of 24.35% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CNO.

What is Gary C. Bhojwani's approval rating as CNO Financial Group's CEO?: 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.
What other stocks do shareholders of CNO Financial Group own?: 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).
What is CNO Financial Group's stock symbol?: CNO Financial Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "CNO."
Who are CNO Financial Group's major shareholders?: CNO Financial Group's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Pzena Investment Management LLC (5.98%), State Street Corp (4.04%), Franklin Resources Inc. (2.88%), AQR Capital Management LLC (2.15%), Paradice Investment Management LLC (2.07%) and Northern Trust Corp (2.01%). Insiders that own company stock include Bruce K Baude, Charles J Jacklin, Dan Maurer, David B Foss, Ellyn L Brown, Frederick James Sievert, Gary C Bhojwani, Joel H Schwartz, John R Kline, Matthew J Zimpfer, Paul H Mcdonough and Robert C Greving.
View institutional ownership trends.
How do I buy shares of CNO Financial Group?: 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.
Compare Top Brokerages Here.
What is CNO Financial Group's stock price today?: One share of CNO stock can currently be purchased for approximately $19.91.
How much money does CNO Financial Group make?: CNO Financial Group (NYSE:CNO) has a market capitalization of $2.28 billion and generates $4.12 billion in revenue each year. The financial services provider earns $441 million in net income (profit) each year or $3.79 on an earnings per share basis.
How many employees does CNO Financial Group have?: The company employs 3,350 workers across the globe.
When was CNO Financial Group founded?: CNO Financial Group was founded in 1979.
How can I contact CNO Financial Group?: 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.

This page (NYSE:CNO) was last updated on 8/16/2022 by MarketBeat.com Staff

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