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CNO Financial Group Announces Increase of Quarterly Dividend to $0.16
Prnewswire· 2024-05-03 20:15
CARMEL, Ind., May 3, 2024 /PRNewswire/ -- CNO Financial Group, Inc. (NYSE: CNO) announced today that its Board of Directors has approved a $0.01 per share increase in its quarterly dividend, its twelfth consecutive annual increase. The Board declared a quarterly cash dividend of $0.16 per share on the company's common shares. The dividend will be payable June 24, 2024, to shareholders of record at the close of business on June 10, 2024. About CNO Financial Group CNO Financial Group, Inc. (NYSE: CNO) secures ...
CNO Financial Group(CNO) - 2024 Q1 - Earnings Call Transcript
2024-04-30 20:00
CNO Financial Group, Inc. (NYSE:CNO) Q1 2024 Earnings Conference Call April 30, 2024 11:00 AM ET Company Participants Adam Auvil – Investor Relations Gary Bhojwani – Chief Executive Officer Paul McDonough – Chief Financial Officer Eric R. Johnson – Chief Investment Officer and President, 40|86 Advisors, Inc. Jeremy D. Williams – Chief Actuary Conference Call Participants Ryan Krueger – Stifel John Barnidge – Piper Sandler Wes Carmichael – Autonomous Scott Heleniak – RBC Capital Markets Suneet Kamath – Jeffe ...
CNO Financial Group(CNO) - 2024 Q1 - Earnings Call Presentation
2024-04-30 17:48
▪ Strong credit risk profile — Capital efficient: 97% rated NAIC 1 or 2 — Portfolio average rating A — Significant credit enhancement in structured products including CMBS — Diversified commercial and residential mortgage allocation 11 1 Fair Value as of 3/31/2024 ALTERNATIVES ALLOCATION Solid real estate alternative historical performance; Real estate partnerships impacted by net unfavorable mark-to-market in 1Q24; Affected asset base is small and contained Private Equity, 17% Private Credit, 25% Instituti ...
CNO Financial (CNO) Q1 Earnings Miss on Higher Expenses
Zacks Investment Research· 2024-04-30 17:35
CNO Financial Group, Inc. (CNO) reported first-quarter 2024 adjusted earnings per share (EPS) of 52 cents, which missed the Zacks Consensus Estimate by 18.8%. However, the bottom line rose 2% year over year.Total revenues increased 14.9% year over year to $1.2 billion in the first quarter. The top line beat the consensus mark by 23.6%.The weaker-than-expected first-quarter earnings results were impacted by rising benefits and expenses and lower fee revenue and other income. However, the negatives were parti ...
CNO (CNO) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
Zacks Investment Research· 2024-04-30 00:30
CNO Financial (CNO) reported $1.16 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 15%. EPS of $0.52 for the same period compares to $0.51 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $935.75 million, representing a surprise of +23.59%. The company delivered an EPS surprise of -18.75%, with the consensus EPS estimate being $0.64.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall S ...
CNO Financial (CNO) Q1 Earnings Miss Estimates
Zacks Investment Research· 2024-04-29 22:35
CNO Financial (CNO) came out with quarterly earnings of $0.52 per share, missing the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $0.51 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -18.75%. A quarter ago, it was expected that this insurance holding company would post earnings of $0.85 per share when it actually produced earnings of $1.18, delivering a surprise of 38.82%.Over the last four quarte ...
CNO Financial (CNO) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
Zacks Investment Research· 2024-04-22 15:06
Wall Street expects a year-over-year increase in earnings on lower revenues when CNO Financial (CNO) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April 29. On ...
5 Dividend-Paying Multiline Insurers Worth Watching
Zacks Investment Research· 2024-04-16 17:31
The Zacks Multiline Insurance industry has performed well so far this year, banking on better pricing, increased exposure, prudent underwriting, streamlined operations, global presence and a solid capital position. The industry has gained 2.5% year to date. Industry players that boast an impressive dividend history have always attracted yield-seeking investors.Multiline insurers like MetLife Inc. (MET) , Prudential Financial Inc. (PRU) , MGIC Investment Corporation (MTG) , CNO Financial Group (CNO) and Old ...
CNO Financial Group to Release First Quarter Results on April 29, 2024
Prnewswire· 2024-04-15 20:15
CARMEL, Ind., April 15, 2024 /PRNewswire/ -- CNO Financial Group, Inc. (NYSE: CNO) will report results for the first quarter of 2024 after the market closes on Monday, April 29, 2024. The company will host a conference call to discuss results at 11:00 a.m. Eastern Time on Tuesday, April 30, 2024. Participate by Dial-In To participate, please register here. Upon registering, you will be provided with call details and a registrant ID used to track attendance on the conference call. Reminders will also be sent ...
Why CNO Financial (CNO) is a Great Dividend Stock Right Now
Zacks Investment Research· 2024-04-03 16:46
All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric tha ...