CNO Financial Group, Inc. (CNO) To Go Ex-Dividend on March 10th

CNO Financial Group, Inc. (NYSE:CNO) declared a quarterly dividend on Wednesday, February 12th,RTT News reports. Shareholders of record on Monday, March 10th will be given a dividend of 0.16 per share by the financial services provider on Monday, March 24th. This represents a $0.64 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Monday, March 10th.

CNO Financial Group has increased its dividend by an average of 7.3% annually over the last three years. CNO Financial Group has a dividend payout ratio of 15.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect CNO Financial Group to earn $4.15 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 15.4%.

CNO Financial Group Stock Up 2.4 %

CNO Financial Group stock opened at $41.55 on Friday. The company’s 50 day simple moving average is $38.38 and its 200 day simple moving average is $36.36. CNO Financial Group has a fifty-two week low of $24.92 and a fifty-two week high of $41.60. The firm has a market capitalization of $4.29 billion, a price-to-earnings ratio of 11.11 and a beta of 1.04. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.19 and a quick ratio of 0.19.

CNO Financial Group (NYSE:CNO) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.25. CNO Financial Group had a net margin of 9.08% and a return on equity of 17.21%. As a group, sell-side analysts anticipate that CNO Financial Group will post 3.79 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of CNO Financial Group from $42.00 to $44.00 and gave the stock a “market perform” rating in a research note on Wednesday. Jefferies Financial Group lifted their price target on shares of CNO Financial Group from $36.00 to $41.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Piper Sandler reaffirmed an “overweight” rating and issued a $46.00 price target (up previously from $44.00) on shares of CNO Financial Group in a research note on Monday. BMO Capital Markets began coverage on shares of CNO Financial Group in a research note on Thursday, January 23rd. They issued a “market perform” rating and a $38.00 price target on the stock. Finally, Royal Bank of Canada lifted their price target on shares of CNO Financial Group from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $40.50.

Insider Transactions at CNO Financial Group

In other news, CMO Rocco F. Tarasi III sold 1,484 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $38.02, for a total value of $56,421.68. Following the sale, the chief marketing officer now owns 79,896 shares of the company’s stock, valued at $3,037,645.92. The trade was a 1.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CIO Eric R. Johnson sold 3,978 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $39.09, for a total transaction of $155,500.02. Following the transaction, the executive now owns 631,844 shares in the company, valued at approximately $24,698,781.96. The trade was a 0.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,962 shares of company stock valued at $380,717 over the last 90 days. 3.00% of the stock is owned by corporate insiders.

About CNO Financial Group

CNO Financial Group, Inc, through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, insurance products, and financial services 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.