Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momen ...

Here are two stocks with buy rank and strong value characteristics for investors to consider today, August 15th: CNO Financial Group, Inc. (CNO) : This insurance company that operates in senior and middle-income markets carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.1% over the last 60 days. CNO Financial has a price-to-earnings ratio (P/E) of 9.47, compared with 22.00 for the S&P 500. The company possesses a Value Score of A. Monarch Casin ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___ Commission File Number 001-31792 CNO Financial Group, Inc. Delaware 75-3108137 State of Incorporation IRS Employer Identification No. | --- | -- ...

CARMEL, Ind., Aug. 7, 2024 /PRNewswire/ -- CNO Financial Group, Inc. (NYSE: CNO) announced today that its Board of Directors has declared a quarterly cash dividend of $0.16 per share on the company's common shares. The dividend will be payable September 24, 2024, to shareholders of record at the close of business on September 10, 2024. About CNO Financial Group CNO Financial Group, Inc. (NYSE: CNO) secures the future of middle-income America. CNO provides life and health insurance, annuities, financial serv ...

CNO Financial Group, Inc. (CNO) reported second-quarter 2024 adjusted earnings per share (EPS) of $1.05, which beat the Zacks Consensus Estimate by 45.8%. Moreover, the bottom line rose 94.4% year over year. Total revenues increased 4.2% year over year to $1.07 billion in the second quarter. The top line beat the consensus mark by 16.4%. The strong second-quarter results benefited from improved insurance product margin, premiums, and general account assets. However, the decline of the policyholder and other ...

Financial Data and Key Metrics Changes - Net operating income increased by 84% and hold dollars rose by 94% on a per share basis, driven by improved product margins and investment returns [6][75] - Free cash flow generation was strong, with Holdco liquidity benefiting from a $700 million debt offering in May [6][83] - Book value per diluted share, excluding AOCI, was $36, up 11% [76] Business Line Data and Key Metrics Changes - Life and Health NAP sales increased by 18%, marking the second highest quarter ever for the Worksite Division [3][70] - Fee sales were up 24%, reflecting the annual contract value of benefit services sold in the quarter [3] - Long-Term Care NAP surged by 88%, driven by the success of the Long-Term Care Fundamental Plus product [79] - Life production decreased due to lower spending on direct-to-consumer marketing, with a reduction in television marketing spend [80] Market Data and Key Metrics Changes - Total new annualized premium (NAP) was up 4% across the enterprise, with field sales NAP up 8% [70] - Medicare Supplement NAP increased by 16%, while Medicare Advantage sales rose by 78% [77] - Client assets in brokerage and advisory grew by 24% to a record $3.6 billion [91] Company Strategy and Development Direction - The company is focused on optimizing results post-COVID and is committed to driving return on equity (ROE) upwards [12] - The strategy includes geographic expansion and new product launches to enhance market share and sales growth [92] - The company aims to maintain a disciplined approach to deploying excess capital, with a focus on share repurchases [25][32] Management's Comments on Operating Environment and Future Outlook - Management expressed satisfaction with the progress but emphasized that they are not yet satisfied with the results, indicating a commitment to continuous improvement [12] - The outlook remains strong, with expectations of continued growth driven by demographic trends, particularly in the Medicare market [78][63] - Management noted that while claims experience can fluctuate, the current favorable trends are expected to continue [107] Other Important Information - The market value of invested assets grew by 5%, with 97% of the fixed maturity portfolio rated investment-grade [82] - The consolidated RBC ratio was 394% at quarter end, indicating a strong capital position [83] - The company raised guidance on operating earnings per share to $3.30 to $3.50 for the full year, reflecting strong second-quarter results [84] Q&A Session All Questions and Answers Question: Can you provide more details on claim trends within long-term care? - Management noted favorable claims experience contributing to margins, with expectations for this trend to continue [15] Question: Should we expect higher levels of cash flows going towards buybacks in 2024? - Management indicated that while they will remain disciplined, there is an opportunity to accelerate share repurchases due to excess capital from the recent debt offering [16][25] Question: What drove the margin improvement in Med Supp and Traditional Life? - Management highlighted growth in the block and lower advertising expenses as key drivers of margin benefits [62] Question: Can you comment on the productivity of new agents hired in the past two years? - Management expressed confidence in continued growth in agent counts and productivity, emphasizing the importance of productivity over raw account numbers [29][42] Question: What drove the reserve release in other annuities? - Management explained that the reserve release was driven by higher mortality in a small block of payout annuities, which is expected to remain volatile [60]

1 2 consider the important risks and uncertainties that may cause actual results to differ, including those included in our press release issued on July 29, 2024, our Quarterly Reports on Form 10-Q, our Annual Report on Form 10-K and other filings we make with the Securities and Exchange Commission. We assume no obligation to update this presentation, which speaks as of today's date. Certain statements made in this presentation should be considered forward-looking statements as defined in the Private Securi ...

For the quarter ended June 2024, CNO Financial (CNO) reported revenue of $1.07 billion, up 4.2% over the same period last year. EPS came in at $1.05, compared to $0.54 in the year-ago quarter. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. Here is how CNO performed in the just reported quarter in terms of the metrics m ...

This quarterly report represents an earnings surprise of 45.83%. A quarter ago, it was expected that this insurance holding company would post earnings of $0.64 per share when it actually produced earnings of $0.52, delivering a surprise of -18.75%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. What's Next for CNO? There are no easy answers to this key ques ...

Quarterly Financial Supplement - 2Q2024 Page 1 Page 2 Page 3 Exhibit 99.2 July 29, 2024 | --- | --- | |-----------------------------------------------------------------------------------------------------------------------------|-------| | Table of Contents | Page | | Consolidated balance sheet | 3 | | Consolidated statement of operations | 4 | | Financial summary | 5 | | Insurance operations | 6 | | Margin from insurance products | 7-9 | | Collected premiums and insurance policy income | 10 | | Health and ...