CNO Financial Group, Inc. (NYSE:CNO) Insider Jeanne L. Linnenbringer Sells 5,364 Shares

CNO Financial Group, Inc. (NYSE:CNO) insider Jeanne L. Linnenbringer sold 5,364 shares of CNO Financial Group stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $34.88, for a total transaction of $187,096.32. Following the sale, the insider now directly owns 44,884 shares in the company, valued at approximately $1,565,553.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

CNO Financial Group Stock Down 0.7 %

CNO stock opened at $34.26 on Friday. CNO Financial Group, Inc. has a one year low of $22.27 and a one year high of $35.45. The firm has a market cap of $3.71 billion, a PE ratio of 9.99 and a beta of 1.04. The firm’s 50 day moving average price is $31.42 and its 200-day moving average price is $28.63. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.19 and a current ratio of 0.19.

CNO Financial Group (NYSE:CNO) last posted its earnings results on Monday, July 29th. The financial services provider reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.33. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $929.99 million. CNO Financial Group had a return on equity of 18.30% and a net margin of 9.96%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.54 earnings per share. On average, equities research analysts anticipate that CNO Financial Group, Inc. will post 3.43 EPS for the current year.

CNO Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Tuesday, September 10th. CNO Financial Group’s dividend payout ratio (DPR) is presently 18.66%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CNO. Royal Bank of Canada boosted their price target on shares of CNO Financial Group from $30.00 to $38.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Piper Sandler boosted their target price on CNO Financial Group from $29.00 to $31.00 and gave the stock an “overweight” rating in a report on Friday, June 28th. Evercore ISI increased their price target on CNO Financial Group from $27.00 to $29.00 and gave the company an “underperform” rating in a report on Wednesday, July 31st. Finally, Keefe, Bruyette & Woods boosted their price objective on CNO Financial Group from $30.00 to $31.00 and gave the stock a “market perform” rating in a research note on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $30.60.

Institutional Investors Weigh In On CNO Financial Group

A number of institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. boosted its holdings in CNO Financial Group by 51.5% during the 4th quarter. Victory Capital Management Inc. now owns 129,894 shares of the financial services provider’s stock valued at $3,624,000 after acquiring an additional 44,134 shares during the period. Amalgamated Bank lifted its holdings in CNO Financial Group by 1.0% during the 4th quarter. Amalgamated Bank now owns 65,021 shares of the financial services provider’s stock worth $1,814,000 after buying an additional 651 shares in the last quarter. Versor Investments LP purchased a new position in CNO Financial Group in the 4th quarter valued at approximately $269,000. QRG Capital Management Inc. grew its stake in shares of CNO Financial Group by 6.6% in the fourth quarter. QRG Capital Management Inc. now owns 79,323 shares of the financial services provider’s stock worth $2,213,000 after acquiring an additional 4,891 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of CNO Financial Group by 3.6% during the fourth quarter. Principal Financial Group Inc. now owns 2,226,375 shares of the financial services provider’s stock worth $62,116,000 after acquiring an additional 76,514 shares during the period. 95.43% of the stock is currently owned by institutional investors and hedge funds.

CNO Financial Group Company Profile

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.