CNO Financial Group Inc Plans Quarterly Dividend of $0.11 (NYSE:CNO)

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CNO Financial Group Inc (NYSE:CNO) declared a quarterly dividend on Thursday, November 14th, Zacks reports. Investors of record on Tuesday, December 10th will be paid a dividend of 0.11 per share by the financial services provider on Tuesday, December 24th. This represents a $0.44 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend is Monday, December 9th.

Shares of CNO stock opened at $17.80 on Friday. CNO Financial Group has a fifty-two week low of $13.64 and a fifty-two week high of $18.63. The stock has a market cap of $2.69 billion, a P/E ratio of 9.73 and a beta of 1.28. The business has a fifty day simple moving average of $17.02 and a 200-day simple moving average of $16.16. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.58.

CNO Financial Group (NYSE:CNO) last announced its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.02). CNO Financial Group had a net margin of 4.29% and a return on equity of 6.77%. The business had revenue of $944.00 million during the quarter, compared to analysts’ expectations of $953.60 million. During the same period last year, the company earned $0.53 EPS. The firm’s revenue for the quarter was down 36.3% on a year-over-year basis. On average, sell-side analysts anticipate that CNO Financial Group will post 1.81 earnings per share for the current year.

In other news, insider Joel H. Schwartz sold 1,717 shares of CNO Financial Group stock in a transaction on Monday, November 18th. The stock was sold at an average price of $18.21, for a total value of $31,266.57. Following the completion of the sale, the insider now owns 23,603 shares of the company’s stock, valued at $429,810.63. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Frederick James Sievert sold 9,415 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $15.94, for a total value of $150,075.10. Following the completion of the transaction, the director now owns 65,555 shares of the company’s stock, valued at $1,044,946.70. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

Several research firms have weighed in on CNO. Guggenheim downgraded CNO Financial Group to a “hold” rating and set a $29.00 price target for the company. in a research report on Friday, November 15th. TheStreet raised CNO Financial Group from a “c+” rating to a “b-” rating in a research note on Tuesday, November 26th. ValuEngine cut CNO Financial Group from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Zacks Investment Research downgraded shares of CNO Financial Group from a “hold” rating to a “sell” rating and set a $17.00 target price for the company. in a research note on Thursday, September 12th. Finally, Citigroup reduced their target price on shares of CNO Financial Group from $18.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, September 13th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $21.00.

About CNO Financial Group

CNO Financial Group, Inc, through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, and other insurance products for senior and middle-income markets in the United States. It operates through Bankers Life, Washington National, Colonial Penn, and Long-Term Care in Run Off segments.

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Dividend History for CNO Financial Group (NYSE:CNO)

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