CNO Financial Group, Inc. (NYSE:CNO) Insider Sells $141,725.61 in Stock

CNO Financial Group, Inc. (NYSE:CNO) insider Jeremy David Williams sold 3,393 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $41.77, for a total transaction of $141,725.61. Following the transaction, the insider now directly owns 56,599 shares in the company, valued at $2,364,140.23. This trade represents a 5.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jeremy David Williams also recently made the following trade(s):

• On Monday, March 31st, Jeremy David Williams sold 11,300 shares of CNO Financial Group stock. The stock was sold at an average price of $41.51, for a total value of $469,063.00.

CNO Financial Group Stock Down 6.9 %

CNO stock opened at $36.83 on Friday. CNO Financial Group, Inc. has a 1-year low of $24.92 and a 1-year high of $43.20. The company has a current ratio of 0.22, a quick ratio of 0.19 and a debt-to-equity ratio of 1.61. The stock’s fifty day simple moving average is $40.61 and its two-hundred day simple moving average is $38.29. The stock has a market cap of $3.69 billion, a P/E ratio of 9.85 and a beta of 0.90.

CNO Financial Group (NYSE:CNO) last issued its earnings results on Thursday, February 6th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.25. CNO Financial Group had a return on equity of 17.20% and a net margin of 9.08%. Analysts expect that CNO Financial Group, Inc. will post 3.83 EPS for the current year.

CNO Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.74%. The ex-dividend date was Monday, March 10th. CNO Financial Group’s dividend payout ratio (DPR) is presently 17.11%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CNO shares. Royal Bank of Canada boosted their price objective on CNO Financial Group from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, February 10th. Keefe, Bruyette & Woods upped their price objective on shares of CNO Financial Group from $42.00 to $44.00 and gave the stock a “market perform” rating in a report on Wednesday, February 12th. Jefferies Financial Group lifted their price objective on shares of CNO Financial Group from $36.00 to $41.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. BMO Capital Markets initiated coverage on shares of CNO Financial Group in a research report on Thursday, January 23rd. They issued a “market perform” rating and a $38.00 price target on the stock. Finally, Piper Sandler boosted their price objective on CNO Financial Group from $46.00 to $49.00 and gave the stock an “overweight” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $41.00.

Hedge Funds Weigh In On CNO Financial Group

Large investors have recently modified their holdings of the business. Jones Financial Companies Lllp boosted its holdings in CNO Financial Group by 368.2% in the 4th quarter. Jones Financial Companies Lllp now owns 796 shares of the financial services provider’s stock worth $30,000 after buying an additional 626 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of CNO Financial Group by 95.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 855 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 417 shares during the period. Principal Securities Inc. grew its position in shares of CNO Financial Group by 51.6% in the fourth quarter. Principal Securities Inc. now owns 955 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 325 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of CNO Financial Group by 148.6% during the 1st quarter. Versant Capital Management Inc now owns 1,099 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 657 shares during the period. Finally, Headlands Technologies LLC lifted its holdings in CNO Financial Group by 193.2% during the 4th quarter. Headlands Technologies LLC now owns 1,337 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 881 shares in the last quarter. Hedge funds and other 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.