Karen Detoro Sells 9,336 Shares of CNO Financial Group (NYSE:CNO) Stock

CNO Financial Group, Inc. (NYSE:CNO) insider Karen DeToro sold 9,336 shares of CNO Financial Group stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $54.73, for a total value of $510,959.28. Following the completion of the transaction, the insider directly owned 42,414 shares in the company, valued at approximately $2,321,318.22. This represents a 18.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CNO Financial Group Stock Performance

Shares of CNO stock opened at $56.71 on Friday. The stock has a market capitalization of $5.25 billion, a PE ratio of 19.49 and a beta of 0.80. The business’s 50 day simple moving average is $53.76 and its 200 day simple moving average is $47.77. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.17 and a quick ratio of 0.17. CNO Financial Group, Inc. has a one year low of $38.22 and a one year high of $57.59.

CNO Financial Group (NYSE:CNO) last released its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.29. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $999.45 million. CNO Financial Group had a net margin of 6.02% and a return on equity of 18.76%. The company’s revenue was up 11.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.87 EPS. As a group, research analysts forecast that CNO Financial Group, Inc. will post 4.74 earnings per share for the current year.

CNO Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 10th. CNO Financial Group’s dividend payout ratio (DPR) is currently 24.74%.

Analysts Set New Price Targets

A number of analysts have weighed in on CNO shares. Wall Street Zen upgraded CNO Financial Group from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Jefferies Financial Group lowered CNO Financial Group from a “buy” rating to a “hold” rating and upped their target price for the company from $53.00 to $55.00 in a research report on Friday, July 10th. Capital One Financial set a $70.00 target price on CNO Financial Group in a research note on Wednesday, August 26th. Weiss Ratings upgraded CNO Financial Group from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, August 11th. Finally, Evercore set a $48.00 price target on CNO Financial Group and gave the company an “in-line” rating in a research note on Monday, June 1st. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $56.00.

More CNO Financial Group News

Here are the key news stories impacting CNO Financial Group this week:

• Positive Sentiment: CNO’s investor briefing highlighted growth strategies and operating momentum in its worksite and Medicare businesses, offering investors greater visibility into potential expansion and future earnings. CNO Financial Highlights Growth in Worksite and Medicare Operations
• Positive Sentiment: The company recently reported quarterly earnings of $1.26 per share, well above the $0.97 analyst consensus, while revenue of $1.29 billion exceeded expectations and increased 11.6% year over year. Analysts expect approximately $4.74 in full-year EPS, supporting the stock’s valuation and recent strength.
• Positive Sentiment: CNO declared a quarterly dividend of $0.18 per share, equivalent to $0.72 annually and a yield of about 1.3%. The dividend’s payout ratio of roughly 24.7% suggests room to maintain the distribution if earnings remain solid. CNO Financial Group stock information
• Neutral Sentiment: Analyst sentiment remains mixed: CNO has two Buy ratings and three Hold ratings, with a consensus price target near $56. Several firms have recently raised their targets, including Capital One Financial at $70, but the average target implies limited upside from recent trading levels.
• Negative Sentiment: Insiders Karen J. Detoro and Jeanne L. Linnenbringer sold a combined approximately 39,213 shares worth about $2.15 million between August 31 and September 2. The transactions reduced their holdings and could create a modest overhang, although all sales were made under pre-arranged Rule 10b5-1 plans, making them less indicative of a new negative view on the business. Karen J. Detoro SEC Form 4 Jeanne L. Linnenbringer SEC Form 4

Hedge Funds Weigh In On CNO Financial Group

Several institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada boosted its position in shares of CNO Financial Group by 29.5% during the 1st quarter. Royal Bank of Canada now owns 176,059 shares of the financial services provider’s stock worth $7,332,000 after purchasing an additional 40,054 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in CNO Financial Group by 1.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,757 shares of the financial services provider’s stock valued at $2,531,000 after buying an additional 797 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in CNO Financial Group by 5.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 376,747 shares of the financial services provider’s stock worth $15,692,000 after buying an additional 20,728 shares during the period. Jane Street Group LLC raised its stake in CNO Financial Group by 146.4% during the 1st quarter. Jane Street Group LLC now owns 149,159 shares of the financial services provider’s stock worth $6,212,000 after buying an additional 88,619 shares during the period. Finally, Geneos Wealth Management Inc. boosted its holdings in CNO Financial Group by 637.4% in the first quarter. Geneos Wealth Management Inc. now owns 1,438 shares of the financial services provider’s stock worth $60,000 after acquiring an additional 1,243 shares in the last quarter. Institutional investors and hedge funds own 95.43% of the company’s stock.

CNO Financial Group Company Profile

CNO Financial Group is an Indiana‐based holding company that offers a range of insurance and retirement solutions through its operating subsidiaries. Its primary business activities include life insurance, annuities, and supplemental health insurance products designed to help individuals plan for retirement and manage health‐related expenses. The company serves middle‐income Americans, with particular emphasis on senior customers seeking guaranteed coverage and reliable income streams.

Originally founded as Conseco in 1979, the company underwent a financial restructuring and rebranded as CNO Financial Group in 2010.