CNO Financial Group Inc (CNO) Releases Earnings Results, Misses Expectations By $-0.06 EPS

CNO Financial Group Inc (CNO) reported quarterly earnings results on Wednesday, Apr-27-2016. The company reported $0.26 earnings per share for the quarter, missing the analyst consensus estimate by $-0.06. Analysts had a consensus of $0.32. The company posted revenue of $960.40 million in the period, compared to analysts expectations of $971.07 million. The company’s revenue was down -1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS.

CNO Financial Group Inc opened for trading at $19.18 and hit $19.45 on the upside on Friday, eventually ending the session at $19.45, with a gain of 1.73% or 0.33 points. The heightened volatility saw the trading volume jump to 8,43,852 shares. Company has a market cap of $3,493 M.

In a different news, on Nov 3, 2015, Scott R Perry (Chief Business Officer) sold 11,000 shares at $19.72 per share price. According to the SEC, on Jun 9, 2015, Christopher J Nickele (EVP and Chief Actuary) sold 97,707 shares at $18.25 per share price. On May 28, 2015, Matthew J. Zimpfer (EVP and General Counsel) sold 39,200 shares at $18.07 per share price, according to the Form-4 filing with the securities and exchange commission.

CNO Financial Group Inc. is a holding company for a group of insurance companies operating throughout the United States that develop market and administer health insurance annuity individual life insurance and other insurance products. The Company manages its business through three operating segments: Bankers Life Washington National and Colonial Penn. Bankers Life markets and distributes Medicare supplement insurance interest-sensitive life insurance traditional life insurance fixed annuities and long-term care insurance products. Washington National markets and distributes supplemental health including specified disease accident and hospital indemnity insurance products and life insurance. Colonial Penn markets primarily graded benefit and simplified issue life insurance.

CNO Financial Group Inc

Leave a Reply

CNO Financial Group Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on CNO Financial Group Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.