Matthew J. Zimpfer Sells 40,800 Shares of CNO Financial Group, Inc. (NYSE:CNO) Stock

CNO Financial Group, Inc. (NYSE:CNO) General Counsel Matthew J. Zimpfer sold 40,800 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $41.49, for a total value of $1,692,792.00. Following the completion of the transaction, the general counsel now directly owns 244,943 shares in the company, valued at $10,162,685.07. The trade was a 14.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

CNO Financial Group Stock Performance

Shares of NYSE CNO traded down $0.81 during trading on Friday, hitting $39.81. The company had a trading volume of 602,124 shares, compared to its average volume of 537,160. The stock has a 50 day simple moving average of $38.72 and a 200 day simple moving average of $36.69. The firm has a market capitalization of $4.11 billion, a P/E ratio of 10.64 and a beta of 1.04. CNO Financial Group, Inc. has a 12 month low of $24.92 and a 12 month high of $42.02. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.19 and a current ratio of 0.22.

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%. As a group, analysts anticipate that CNO Financial Group, Inc. will post 3.83 earnings per share for the current year.

CNO Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Monday, March 10th. CNO Financial Group’s dividend payout ratio (DPR) is presently 17.11%.

Wall Street Analysts Forecast Growth

CNO has been the topic of several research reports. Piper Sandler reissued an “overweight” rating and issued a $46.00 target price (up from $44.00) on shares of CNO Financial Group in a research report on Monday, February 10th. Jefferies Financial Group raised their price objective on CNO Financial Group from $36.00 to $41.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. Keefe, Bruyette & Woods raised their price objective on CNO Financial Group from $42.00 to $44.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 12th. Royal Bank of Canada raised their price objective on CNO Financial Group from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. Finally, BMO Capital Markets initiated coverage on CNO Financial Group in a research note on Thursday, January 23rd. They issued a “market perform” rating and a $38.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, CNO Financial Group currently has a consensus rating of “Hold” and an average target price of $40.50.

Institutional Trading of CNO Financial Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp raised its stake in CNO Financial Group by 368.2% during the 4th quarter. Jones Financial Companies Lllp now owns 796 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 626 shares during the period. Smartleaf Asset Management LLC raised its stake in CNO Financial Group by 95.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 855 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 417 shares during the period. Principal Securities Inc. grew its holdings in CNO Financial Group by 51.6% during the 4th quarter. Principal Securities Inc. now owns 955 shares of the financial services provider’s stock valued at $36,000 after buying an additional 325 shares in the last quarter. Quarry LP grew its holdings in CNO Financial Group by 137.8% during the 4th quarter. Quarry LP now owns 1,334 shares of the financial services provider’s stock valued at $50,000 after buying an additional 773 shares in the last quarter. Finally, Headlands Technologies LLC grew 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 valued at $50,000 after buying an additional 881 shares in the last quarter. Institutional investors own 95.43% of the company’s stock.

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.