CNO Financial Group, Inc. Forecasted to Post Q1 2018 Earnings of $0.36 Per Share (CNO)
CNO Financial Group, Inc. (NYSE:CNO) – Research analysts at FBR & Co issued their Q1 2018 earnings per share (EPS) estimates for CNO Financial Group in a report issued on Thursday. FBR & Co analyst R. Binner anticipates that the financial services provider will post earnings per share of $0.36 for the quarter. FBR & Co also issued estimates for CNO Financial Group’s Q2 2018 earnings at $0.41 EPS, Q3 2018 earnings at $0.42 EPS and Q4 2018 earnings at $0.46 EPS.
CNO Financial Group (NYSE:CNO) last announced its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.06. CNO Financial Group had a return on equity of 5.88% and a net margin of 11.41%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1 billion. During the same period in the prior year, the firm earned $0.37 EPS. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. ILLEGAL ACTIVITY NOTICE: This report was originally published by American Banking News and is the sole property of of American Banking News. If you are reading this report on another domain, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this report can be viewed at https://www.americanbankingnews.com/2017/10/30/cno-financial-group-inc-forecasted-to-post-q1-2018-earnings-of-0-36-per-share-cno.html.
Several other brokerages also recently commented on CNO. Wells Fargo & Company set a $22.00 target price on shares of CNO Financial Group and gave the stock a “hold” rating in a report on Wednesday, October 25th. Goldman Sachs Group, Inc. (The) began coverage on shares of CNO Financial Group in a report on Wednesday, October 18th. They issued a “neutral” rating and a $24.00 target price on the stock. Zacks Investment Research downgraded shares of CNO Financial Group from a “buy” rating to a “hold” rating in a report on Monday, October 9th. Morgan Stanley downgraded shares of CNO Financial Group from an “equal weight” rating to an “underweight” rating and set a $21.00 target price on the stock. in a report on Monday, August 14th. They noted that the move was a valuation call. Finally, BidaskClub upgraded shares of CNO Financial Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $22.25.
Shares of CNO Financial Group (CNO) opened at 24.55 on Monday. The company has a 50-day moving average price of $23.60 and a 200 day moving average price of $21.93. The firm has a market capitalization of $4.15 billion, a P/E ratio of 10.73 and a beta of 1.20. CNO Financial Group has a one year low of $14.85 and a one year high of $25.07.
Several large investors have recently bought and sold shares of the company. Crossmark Global Holdings Inc. bought a new position in shares of CNO Financial Group during the 3rd quarter worth about $645,000. Paragon Capital Management Ltd bought a new position in shares of CNO Financial Group during the 3rd quarter worth about $301,000. Aperio Group LLC increased its holdings in shares of CNO Financial Group by 3.5% during the 3rd quarter. Aperio Group LLC now owns 97,748 shares of the financial services provider’s stock worth $2,281,000 after purchasing an additional 3,336 shares during the period. Strs Ohio increased its holdings in shares of CNO Financial Group by 87.6% during the 3rd quarter. Strs Ohio now owns 54,600 shares of the financial services provider’s stock worth $1,274,000 after purchasing an additional 25,500 shares during the period. Finally, APG Asset Management N.V. bought a new position in shares of CNO Financial Group during the 3rd quarter worth about $2,906,000. Institutional investors own 95.22% of the company’s stock.
CNO Financial Group Company Profile
CNO Financial Group, Inc is a holding company for a group of insurance companies operating throughout the United States that develops, markets and administers health insurance, annuity, individual life insurance and other insurance products. The Company’s segments include Bankers Life, Washington National and Colonial Penn.
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