CNO Financial Group, Inc. (NYSE:CNO) Insider Jeremy David Williams Sells 4,783 Shares

CNO Financial Group, Inc. (NYSE:CNO) insider Jeremy David Williams sold 4,783 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $40.09, for a total value of $191,750.47. Following the completion of the sale, the insider now directly owns 62,121 shares of the company’s stock, valued at approximately $2,490,430.89. The trade was a 7.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

CNO Financial Group Stock Down 0.5 %

Shares of CNO Financial Group stock opened at $39.05 on Friday. CNO Financial Group, Inc. has a 12-month low of $24.92 and a 12-month high of $40.29. The stock has a market capitalization of $4.03 billion, a P/E ratio of 15.75 and a beta of 1.01. The stock has a 50 day moving average price of $35.28 and a two-hundred day moving average price of $31.64. The company has a quick ratio of 0.19, a current 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 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.29. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $945.44 million. CNO Financial Group had a return on equity of 17.53% and a net margin of 6.06%. The company’s quarterly revenue was up 19.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.88 earnings per share. Equities analysts expect that CNO Financial Group, Inc. will post 3.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Evercore ISI boosted their price target on CNO Financial Group from $27.00 to $29.00 and gave the company an “underperform” rating in a research note on Wednesday, July 31st. Piper Sandler upped their target price on CNO Financial Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Finally, Royal Bank of Canada upped their target price on CNO Financial Group from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $34.50.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of CNO Financial Group by 1.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,647 shares of the financial services provider’s stock valued at $795,000 after purchasing an additional 376 shares in the last quarter. Blair William & Co. IL raised its stake in shares of CNO Financial Group by 2.1% in the first quarter. Blair William & Co. IL now owns 19,189 shares of the financial services provider’s stock valued at $527,000 after purchasing an additional 399 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of CNO Financial Group by 3.5% in the third quarter. State of Alaska Department of Revenue now owns 12,290 shares of the financial services provider’s stock valued at $431,000 after purchasing an additional 415 shares in the last quarter. CWM LLC raised its stake in shares of CNO Financial Group by 64.1% in the second quarter. CWM LLC now owns 1,144 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 447 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of CNO Financial Group by 25.4% in the second quarter. Blue Trust Inc. now owns 2,384 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 483 shares in the last quarter. 95.43% of the stock is currently owned by institutional investors and hedge funds.

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.