CNO Financial Group, Inc. (NYSE:CNO) Insider Sells $1,022,805.00 in Stock

CNO Financial Group, Inc. (NYSE:CNO) insider Scott L. Goldberg sold 25,500 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $40.11, for a total transaction of $1,022,805.00. Following the sale, the insider now owns 169,342 shares of the company’s stock, valued at $6,792,307.62. This trade represents a 13.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

CNO Financial Group Price Performance

Shares of CNO Financial Group stock opened at $39.65 on Friday. The company has a current ratio of 0.22, a quick ratio of 0.19 and a debt-to-equity ratio of 1.61. The stock has a market capitalization of $4.00 billion, a price-to-earnings ratio of 10.60 and a beta of 1.02. CNO Financial Group, Inc. has a 1-year low of $24.92 and a 1-year high of $42.41. The firm’s 50-day moving average price is $39.43 and its two-hundred day moving average price is $37.33.

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

CNO Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be paid a $0.16 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.64 dividend on an annualized basis and a yield of 1.61%. CNO Financial Group’s payout ratio is presently 17.11%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada upped their price target on shares of CNO Financial Group from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, February 10th. Jefferies Financial Group upped their price target on shares of CNO Financial Group from $36.00 to $41.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. BMO Capital Markets began coverage on shares of CNO Financial Group in a report on Thursday, January 23rd. They set a “market perform” rating and a $38.00 price target for the company. Keefe, Bruyette & Woods upped their price objective 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, Piper Sandler reaffirmed an “overweight” rating and set a $46.00 price objective (up previously from $44.00) on shares of CNO Financial Group in a research report on Monday, February 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $40.50.

Hedge Funds Weigh In On CNO Financial Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in CNO Financial Group in the fourth quarter worth $15,093,000. Jefferies Financial Group Inc. acquired a new stake in CNO Financial Group in the fourth quarter worth $896,000. Mackenzie Financial Corp raised its holdings in 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 purchasing an additional 5,045 shares during the period. CSS LLC IL acquired a new stake in shares of CNO Financial Group during the fourth quarter worth $637,000. Finally, PharVision Advisers LLC bought a new stake in CNO Financial Group in the 4th quarter valued at $210,000. 95.43% of the stock is owned by institutional investors.

About CNO Financial Group

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.