CNO Financial Group, Inc. (NYSE:CNO) is reporting third quarter financial results on Monday 2nd November 2020, after market close.
According to analysts surveyed by Thomson Reuters, CNO is expected to report 3Q20 income of $ 0.49 per share from revenue of $ 876.46 million.
For the full year, analysts anticipate top line of $ 3554.22 million, while looking forward to income of $ 2.08 per share bottom line.
Previous Quarter Performance
CNO Financial Group, Inc. unfold income for the second quarter of $ 0.55 per share, from the revenue of $ 1,014.00 million. The quarterly earnings 14.58 percent while revenues improved 8.91 percent compared with the same quarter last year.
Wall street analysts are predicting, CNO to report 2Q20 income of $ 0.26 per share from revenue of $ 877.72 million. The bottom line results beat street analysts by $ 0.29 or 111.54 percent, at the same time, top line results outshined analysts by $ 136.28 million or 15.53 percent.
Stock Performance
On Friday, shares of CNO Financial Group, Inc. has traded high as $ 17.84 and has cracked $ 17.36 on the downward trend, reaching $ 17.75 with volume of 867.20 thousand shares.
According to the previous trading day, closing price of $ 17.75, representing a 101.82 % increase from the 52 week low of $ 8.79 and a 15.24 % decrease over the 52 week high of $ 20.93.
The company has a market capital of $ 2.52 billion and is part of the Financial Services sector and Insurance – Life industry.
Recent Analyst recommendations
- On 7th October 2020, maintained by Piper Sandler at Overweight rating, with $ 20.00 target price.
- On 6th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 18.00 target price.
Recent Stock Dividend Announcement
On August 11, 2020, the board of directors authorized quarterly dividend of $ 0.12 per share to holders of record as of the close of business on September 10, 2020, with payment date of September 24, 2020 and ex-dividend date on September 9, 2020.
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. The Bankers Life segment underwrites, markets, and distributes Medicare supplement insurance, interest-sensitive and traditional life insurance, fixed annuities, and long-term care insurance products; and Medicare advantage and prescription drug plan products through various distribution and marketing agreements.
