Insider Selling: 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 firm’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $39.97, for a total transaction of $442,068.20. Following the transaction, the insider directly owned 214,524 shares in the company, valued at $8,574,524.28. This represents a 4.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

CNO Financial Group Trading Down 0.1%

Shares of CNO stock opened at $40.60 on Thursday. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 1.43. The stock has a market cap of $3.83 billion, a P/E ratio of 18.21 and a beta of 0.83. The stock has a 50 day simple moving average of $41.71 and a 200 day simple moving average of $41.10. CNO Financial Group, Inc. has a 1 year low of $34.63 and a 1 year high of $44.85.

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

CNO Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th were given a $0.17 dividend. The ex-dividend date was Tuesday, March 10th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.7%. CNO Financial Group’s dividend payout ratio (DPR) is presently 30.49%.

Institutional Trading of CNO Financial Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Optiver Holding B.V. boosted its stake in CNO Financial Group by 90.1% in the third quarter. Optiver Holding B.V. now owns 637 shares of the financial services provider’s stock valued at $25,000 after buying an additional 302 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in CNO Financial Group by 353.0% during the third quarter. Smartleaf Asset Management LLC now owns 743 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 579 shares in the last quarter. First Horizon Corp acquired a new position in CNO Financial Group during the third quarter worth about $32,000. Richardson Financial Services Inc. bought a new position in shares of CNO Financial Group in the fourth quarter worth about $37,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of CNO Financial Group by 123.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,176 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 649 shares during the last quarter. 95.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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