CNO Financial Group (CNO) Posts Quarterly Results
CNO Financial Group (NYSE:CNO) released its earnings data on Monday. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by $0.02, American Banking News.com reports. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $991.89 million.
Shares of CNO Financial Group (NYSE:CNO) traded up 0.17% during mid-day trading on Monday, hitting $17.18. 1,320,949 shares of the company’s stock traded hands. CNO Financial Group has a one year low of $13.57 and a one year high of $19.34. The stock has a 50-day moving average of $17.33 and a 200-day moving average of $17.49. The company has a market cap of $3.743 billion and a P/E ratio of 16.24.
A number of research firms have recently commented on CNO. Analysts at FBR Capital Markets reiterated an “outperform” rating on shares of CNO Financial Group in a research note on Friday, July 18th. They now have a $21.00 price target on the stock, up previously from $20.00. On the ratings front, analysts at Zacks upgraded shares of CNO Financial Group from a “neutral” rating to an “outperform” rating in a research note on Friday, July 4th. They now have a $22.00 price target on the stock. Finally, analysts at Zacks downgraded shares of CNO Financial Group from an “outperform” rating to a “neutral” rating in a research note on Friday, June 27th. They now have a $19.00 price target on the stock.
CNO Financial Group, Inc (NYSE:CNO) is a holding company for a group of insurance companies operating throughout the United States, which develops, markets and administers health insurance, annuity, individual life insurance and other insurance products.
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