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 announced a quarterly dividend on Thursday, May 11th. Investors of record on Friday, June 9th will be given a dividend of $0.09 per share on Friday, June 23rd. This represents a $0.36 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Wednesday, June 7th. This is a positive change 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 has approved a stock buyback plan 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 purchase up to 8.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its shares are undervalued.

CNO Financial Group, Inc. (NYSE:CNO) released its earnings results on Wednesday, April, 26th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.03. The company had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.01 billion. CNO Financial Group had a net margin of 9.16% and a return on equity of 5.51%. The business's quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the business 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 brokerages have issued twelve-month price targets for CNO Financial Group's stock. Their forecasts range from $17.00 to $23.00. On average, they anticipate CNO Financial Group's share 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 Russell Investments Group Ltd. (0.59%), Bank of Montreal Can (0.45%), Dalton Greiner Hartman Maher & Co. (0.38%), Boston Advisors LLC (0.18%), Salzhauer Michael (0.12%) and Aperio Group LLC (0.06%). 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 Boston Advisors LLC, 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 acquired by a variety of institutional investors in the last quarter, including Dalton Greiner Hartman Maher & Co., Bank of Montreal Can, Russell Investments Group Ltd., Riverbridge Partners LLC, ING Groep NV, Aperio Group LLC, Oregon Public Employees Retirement Fund and LS Investment Advisors LLC. 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 $22.27.