CNO Financial Group (NYSE:CNO) Insider Sells $442,068.20 in Stock

CNO Financial Group, Inc. (NYSE:CNO) insider Scott Goldberg sold 11,060 shares of the stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $39.97, for a total value of $442,068.20. Following the sale, the insider owned 214,524 shares of the company’s stock, valued at $8,574,524.28. This represents a 4.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

CNO Financial Group Price Performance

NYSE CNO traded up $0.79 during trading hours on Monday, reaching $40.53. The company’s stock had a trading volume of 843,390 shares, compared to its average volume of 660,807. The firm’s 50-day moving average price is $41.83 and its 200-day moving average price is $41.09. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 1.43. CNO Financial Group, Inc. has a 1 year low of $34.63 and a 1 year high of $44.85. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of 18.18 and a beta of 0.83.

CNO Financial Group (NYSE:CNO) last announced its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.27. The business had revenue of $101.10 million during the quarter, compared to analyst estimates of $1 billion. CNO Financial Group had a net margin of 4.94% and a return on equity of 15.80%. The company’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the firm posted $1.18 EPS. On average, equities research analysts predict that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Announces Dividend

The company 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 dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $0.68 dividend on an annualized basis and a yield of 1.7%. CNO Financial Group’s dividend payout ratio is presently 30.49%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CNO shares. Weiss Ratings restated a “buy (b)” rating on shares of CNO Financial Group in a report on Wednesday, January 21st. Evercore restated an “underperform” rating and set a $43.00 price objective on shares of CNO Financial Group in a research report on Wednesday, February 18th. Piper Sandler raised their price objective on CNO Financial Group from $46.00 to $50.00 and gave the company an “overweight” rating in a research note on Tuesday, December 23rd. Jefferies Financial Group upgraded CNO Financial Group from a “hold” rating to a “buy” rating and lifted their target price for the stock from $42.00 to $47.00 in a report on Monday, December 15th. Finally, Wall Street Zen raised CNO Financial Group from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $46.25.

Hedge Funds Weigh In On CNO Financial Group

Hedge funds have recently bought and sold shares of the business. Hsbc Holdings PLC increased its stake in CNO Financial Group by 102.1% in the 4th quarter. Hsbc Holdings PLC now owns 45,025 shares of the financial services provider’s stock worth $1,914,000 after buying an additional 22,749 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in shares of CNO Financial Group by 60.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 3,248 shares of the financial services provider’s stock valued at $138,000 after purchasing an additional 1,224 shares during the period. Corient Private Wealth LLC grew its stake in CNO Financial Group by 2.6% in the fourth quarter. Corient Private Wealth LLC now owns 19,683 shares of the financial services provider’s stock worth $836,000 after purchasing an additional 498 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in CNO Financial Group by 684.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,881 shares of the financial services provider’s stock worth $165,000 after purchasing an additional 3,386 shares in the last quarter. Finally, DGS Capital Management LLC increased its holdings in CNO Financial Group by 16.8% during the 4th quarter. DGS Capital Management LLC now owns 17,017 shares of the financial services provider’s stock worth $723,000 after purchasing an additional 2,450 shares during the period. Institutional investors 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.