Morgan Stanley Upgrades CNO Financial Group to Overweight (CNO)
CNO Financial Group (NYSE:CNO) opened at 16.72 on Monday. CNO Financial Group has a 1-year low of $13.57 and a 1-year high of $19.34. The stock has a 50-day moving average of $17. and a 200-day moving average of $17.37. The company has a market cap of $3.556 billion and a P/E ratio of 15.34.
CNO Financial Group (NYSE:CNO) last released its earnings data on Monday, July 28th. The company reported $0.29 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.31 by $0.02. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $991.89 million. Analysts expect that CNO Financial Group will post $1.21 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 24th. Investors of record on Wednesday, September 10th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Monday, September 8th.
CNO has been the subject of a number of other recent research reports. Analysts at Zacks reiterated an “outperform” rating on shares of CNO Financial Group in a research note on Tuesday, July 29th. They now have a $21.00 price target on the stock. 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. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $20.50.
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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