CNO Financial Group (NYSE:CNO) General Counsel Matthew Zimpfer Sells 23,570 Shares

CNO Financial Group, Inc. (NYSE:CNO) General Counsel Matthew Zimpfer sold 23,570 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $43.17, for a total value of $1,017,516.90. Following the completion of the transaction, the general counsel directly owned 307,937 shares of the company’s stock, valued at $13,293,640.29. This represents a 7.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

CNO Financial Group Stock Down 0.3%

Shares of NYSE CNO traded down $0.13 during mid-day trading on Wednesday, hitting $42.99. 850,597 shares of the stock traded hands, compared to its average volume of 687,941. The company has a market cap of $4.10 billion, a price-to-earnings ratio of 19.28 and a beta of 0.84. The stock has a fifty day moving average price of $42.55 and a 200-day moving average price of $40.59. CNO Financial Group, Inc. has a 52 week low of $34.63 and a 52 week high of $44.85. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.18 and a current ratio of 0.17.

CNO Financial Group (NYSE:CNO) last posted its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.27. The business had revenue of $101.10 million during the quarter, compared to the consensus estimate of $1 billion. CNO Financial Group had a return on equity of 15.80% and a net margin of 4.94%.The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.18 earnings per share. Research analysts anticipate that CNO Financial Group, Inc. will post 3.83 EPS for the current year.

CNO Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Tuesday, March 10th. CNO Financial Group’s dividend payout ratio (DPR) is presently 30.49%.

Hedge Funds Weigh In On CNO Financial Group

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Jefferies Financial Group upgraded shares of CNO Financial Group from a “hold” rating to a “buy” rating and upped their price objective for the stock from $42.00 to $47.00 in a report on Monday, December 15th. Evercore restated an “underperform” rating and issued a $43.00 price target on shares of CNO Financial Group in a research note on Wednesday. Wall Street Zen lowered CNO Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Piper Sandler boosted their target price on CNO Financial Group from $46.00 to $50.00 and gave the stock an “overweight” rating in a report on Tuesday, December 23rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of CNO Financial Group in a research note on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, CNO Financial Group presently has an average rating of “Hold” and an average price target of $46.25.

About CNO Financial Group

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.