CNO Financial Group (NYSE:CNO) Insider Karen Detoro Sells 5,964 Shares of Stock

CNO Financial Group, Inc. (NYSE:CNO) insider Karen Detoro sold 5,964 shares of the stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $55.12, for a total value of $328,735.68. Following the transaction, the insider owned 36,450 shares of the company’s stock, valued at approximately $2,009,124. This trade represents a 14.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CNO Financial Group Stock Performance

Shares of CNO Financial Group stock opened at $55.33 on Thursday. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.17 and a quick ratio of 0.17. The firm has a market cap of $5.12 billion, a price-to-earnings ratio of 19.01 and a beta of 0.80. The stock’s 50-day moving average is $53.67 and its 200-day moving average is $47.68. 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 posted its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.29. CNO Financial Group had a return on equity of 18.76% and a net margin of 6.02%.The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $999.45 million. During the same period last year, the company earned $0.87 earnings per share. CNO Financial Group’s quarterly revenue was up 11.6% on a year-over-year basis. Equities analysts predict that CNO Financial Group, Inc. will post 4.74 earnings per share for the current fiscal year.

CNO Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend 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%.

Key Headlines Impacting CNO Financial Group

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

• Positive Sentiment: CNO’s September 1 investor briefing highlighted growth strategies and operating momentum in its worksite and Medicare operations, potentially reinforcing the investment case and helping support the stock’s recent strength. CNO Financial Highlights Growth in Worksite and Medicare Operations
• Positive Sentiment: Management’s discussion of business strategies and growth drivers in the worksite and Medicare segments gives investors additional visibility into potential expansion areas and future earnings support. CNO Financial Group Discusses Worksite and Medicare Business Strategies and Growth Drivers Transcript
• Negative Sentiment: Insiders Karen J. Detoro and Jeanne L. Linnenbringer collectively sold approximately 39,213 shares worth about $2.15 million across August 31 through September 2. The sales reduce their individual holdings and could signal profit-taking or create a modest overhang, though both sets of transactions were executed under pre-arranged Rule 10b5-1 plans. Karen J. Detoro SEC Form 4 Jeanne L. Linnenbringer SEC Form 4

Wall Street Analysts Forecast Growth

Several analysts recently issued reports 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. Evercore set a $48.00 price target on CNO Financial Group and gave the stock an “in-line” rating in a research report on Monday, June 1st. Capital One Financial set a $70.00 target price on shares of CNO Financial Group in a report on Wednesday, August 26th. Jefferies Financial Group lowered shares of CNO Financial Group from a “buy” rating to a “hold” rating and upped their price target for the stock from $53.00 to $55.00 in a research report on Friday, July 10th. Finally, Keefe, Bruyette & Woods increased their price target on shares of CNO Financial Group from $53.00 to $57.00 and gave the company a “market perform” rating in a research note on Monday, August 3rd. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, CNO Financial Group currently has a consensus rating of “Hold” and an average target price of $56.00.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CNO. Royal Bank of Canada raised its stake in CNO Financial Group by 29.5% in 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. grew its position in shares of CNO Financial Group by 1.3% during the 1st 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased 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 worth $15,692,000 after purchasing an additional 20,728 shares during the period. Jane Street Group LLC increased its holdings 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 worth $6,212,000 after purchasing an additional 88,619 shares during the period. Finally, Geneos Wealth Management Inc. raised its position in shares of 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 valued at $60,000 after buying an additional 1,243 shares in the last quarter. 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.