CNO Financial Group, Inc. (NYSE:CNO) CMO Sells $168,795.00 in Stock

CNO Financial Group, Inc. (NYSE:CNO) CMO Rocco F. Tarasi III sold 4,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $37.51, for a total value of $168,795.00. Following the completion of the transaction, the chief marketing officer now directly owns 72,896 shares in the company, valued at $2,734,328.96. The trade was a 5.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

CNO Financial Group Trading Up 2.1 %

Shares of CNO Financial Group stock opened at $36.78 on Friday. CNO Financial Group, Inc. has a 1 year low of $24.92 and a 1 year high of $40.91. The company’s fifty day simple moving average is $37.63 and its 200-day simple moving average is $33.53. The company has a market cap of $3.80 billion, a price-to-earnings ratio of 14.83 and a beta of 1.02. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 1.50.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $945.44 million. During the same period in the prior year, the firm earned $0.88 EPS. The business’s revenue was up 19.2% on a year-over-year basis. As a group, sell-side analysts expect that CNO Financial Group, Inc. will post 3.73 EPS for the current year.

CNO Financial Group Announces Dividend

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

Analyst Upgrades and Downgrades

CNO has been the topic of several analyst reports. Royal Bank of Canada increased their price target on CNO Financial Group from $38.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Jefferies Financial Group raised their target price on shares of CNO Financial Group from $36.00 to $41.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Finally, Piper Sandler boosted their target price on shares of CNO Financial Group from $42.00 to $44.00 and gave the stock an “overweight” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $37.00.

Hedge Funds Weigh In On CNO Financial Group

Several large investors have recently added to or reduced their stakes in the company. American Century Companies Inc. increased its position in shares of CNO Financial Group by 19.4% during 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 purchasing an additional 343,819 shares during the period. Principal Financial Group Inc. boosted its stake in CNO Financial Group by 6.0% during the third quarter. Principal Financial Group Inc. now owns 1,899,599 shares of the financial services provider’s stock worth $66,676,000 after buying an additional 107,589 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in CNO Financial Group by 300.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,199,040 shares of the financial services provider’s stock valued at $42,086,000 after buying an additional 899,990 shares during the period. FMR LLC raised its position in CNO Financial Group by 28.8% in the third 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 in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in CNO Financial Group by 455.1% during the second quarter. Victory Capital Management Inc. now owns 777,271 shares of the financial services provider’s stock valued at $21,546,000 after purchasing an additional 637,254 shares in the last quarter. Institutional investors and hedge funds 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.