Insider Selling: CNO Financial Group, Inc. (NYSE:CNO) CMO Sells 1,484 Shares of Stock

CNO Financial Group, Inc. (NYSE:CNO) CMO Rocco F. Tarasi III sold 1,484 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $38.02, for a total value of $56,421.68. Following the transaction, the chief marketing officer now owns 79,896 shares in the company, valued at approximately $3,037,645.92. This trade represents a 1.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

CNO Financial Group Stock Performance

Shares of CNO stock opened at $36.78 on Friday. The company has a fifty day moving average price of $37.63 and a two-hundred day moving average price of $33.53. CNO Financial Group, Inc. has a one year low of $24.92 and a one year high of $40.91. The stock has a market cap of $3.80 billion, a P/E ratio of 14.83 and a beta of 1.02. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.19 and a quick ratio of 0.19.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.29. CNO Financial Group had a net margin of 6.06% and a return on equity of 17.53%. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $945.44 million. During the same period in the prior year, the firm earned $0.88 earnings per share. The company’s revenue was up 19.2% on a year-over-year basis. As a group, equities analysts predict that CNO Financial Group, Inc. will post 3.73 EPS for the current year.

CNO Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date is Tuesday, December 10th. CNO Financial Group’s dividend payout ratio is presently 25.81%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CNO. Piper Sandler lifted their price objective on CNO Financial Group from $42.00 to $44.00 and gave the company an “overweight” rating in a report on Wednesday. Jefferies Financial Group upped their target price on shares of CNO Financial Group from $36.00 to $41.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. Finally, Royal Bank of Canada lifted their price target on CNO Financial Group from $38.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $37.00.

Institutional Investors Weigh In On CNO Financial Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. Assenagon Asset Management S.A. boosted its holdings in CNO Financial Group by 300.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,199,040 shares of the financial services provider’s stock worth $42,086,000 after acquiring an additional 899,990 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of CNO Financial Group by 455.1% during the 2nd quarter. Victory Capital Management Inc. now owns 777,271 shares of the financial services provider’s stock worth $21,546,000 after buying an additional 637,254 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of CNO Financial Group by 19.4% in the second quarter. American Century Companies Inc. now owns 2,117,416 shares of the financial services provider’s stock valued at $58,695,000 after acquiring an additional 343,819 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in CNO Financial Group by 97.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 622,348 shares of the financial services provider’s stock worth $17,251,000 after purchasing an additional 306,751 shares during the last quarter. Finally, FMR LLC raised its stake in shares of CNO Financial Group by 28.8% during the 3rd quarter. FMR LLC now owns 1,040,619 shares of the financial services provider’s stock worth $36,526,000 after purchasing an additional 232,631 shares during the period. Institutional investors own 95.43% of the company’s stock.

About CNO Financial Group

CNO Financial Group, Inc, through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, insurance products, and financial services for senior and middle-income markets in the United States. It offers Medicare supplement, supplemental health, and long-term care insurance policies; life insurance; and annuities, as well as Medicare advantage plans to individuals through phone, online, mail, and face-to-face.