Insider Selling: CNO Financial Group, Inc. (NYSE:CNO) Insider Sells 2,013 Shares of Stock

CNO Financial Group, Inc. (NYSE:CNO) insider Yvonne K. Franzese sold 2,013 shares of the business’s stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $42.18, for a total value of $84,908.34. Following the completion of the transaction, the insider now owns 26,994 shares in the company, valued at $1,138,606.92. The trade was a 6.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

CNO Financial Group Stock Performance

Shares of CNO stock opened at $41.46 on Friday. The firm’s 50 day moving average is $40.45 and its 200 day moving average is $38.06. The stock has a market capitalization of $4.16 billion, a P/E ratio of 11.09 and a beta of 1.02. CNO Financial Group, Inc. has a 12 month low of $24.92 and a 12 month high of $43.20. The company has a current ratio of 0.22, a quick ratio of 0.19 and a debt-to-equity ratio of 1.61.

CNO Financial Group (NYSE:CNO) last posted its earnings results on Thursday, February 6th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.25. CNO Financial Group had a return on equity of 17.20% and a net margin of 9.08%. On average, sell-side analysts anticipate that CNO Financial Group, Inc. will post 3.83 earnings per share for the current year.

CNO Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date was Monday, March 10th. CNO Financial Group’s payout ratio is presently 17.11%.

Analyst Ratings Changes

Several research firms have weighed in on CNO. Piper Sandler reissued an “overweight” rating and issued a $46.00 price objective (up previously from $44.00) on shares of CNO Financial Group in a research report on Monday, February 10th. Jefferies Financial Group increased their price target on shares of CNO Financial Group from $36.00 to $41.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. Royal Bank of Canada lifted their price objective on shares of CNO Financial Group from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Keefe, Bruyette & Woods increased their target price on shares of CNO Financial Group from $42.00 to $44.00 and gave the company a “market perform” rating in a research report on Wednesday, February 12th. Finally, BMO Capital Markets began coverage on shares of CNO Financial Group in a report on Thursday, January 23rd. They issued a “market perform” rating and a $38.00 price target on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $40.50.

Institutional Investors Weigh In On CNO Financial Group

A number of institutional investors and hedge funds have recently modified their holdings of CNO. 111 Capital purchased a new position in CNO Financial Group during the fourth quarter valued at approximately $425,000. Wealth Enhancement Advisory Services LLC boosted its holdings in CNO Financial Group by 16.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,957 shares of the financial services provider’s stock valued at $482,000 after purchasing an additional 1,873 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of CNO Financial Group during the 4th quarter valued at $15,093,000. Jefferies Financial Group Inc. bought a new position in shares of CNO Financial Group in the fourth quarter worth $896,000. Finally, Mackenzie Financial Corp raised its position in shares of CNO Financial Group by 20.9% in the fourth quarter. Mackenzie Financial Corp now owns 29,173 shares of the financial services provider’s stock worth $1,086,000 after buying an additional 5,045 shares in the last quarter. 95.43% of the stock is owned by hedge funds and other institutional investors.

CNO Financial Group Company Profile

CNO Financial Group, Inc, through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, insurance products, and financial services for senior and middle-income markets in the United States. It offers Medicare supplement, supplemental health, and long-term care insurance policies; life insurance; and annuities, as well as Medicare advantage plans to individuals through phone, online, mail, and face-to-face.