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 shares were sold at an average price of $41.49, for a total value of $1,692,792.00. Following the transaction, the general counsel now owns 244,943 shares of the company’s stock, valued at approximately $10,162,685.07. The trade was a 14.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

CNO Financial Group Stock Down 2.0 %

Shares of NYSE CNO opened at $39.81 on Friday. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.22 and a quick ratio of 0.19. The company has a market cap of $4.11 billion, a P/E ratio of 10.64 and a beta of 1.04. CNO Financial Group, Inc. has a 1 year low of $24.92 and a 1 year high of $42.02. The firm has a 50-day simple moving average of $38.72 and a two-hundred day simple moving average of $36.73.

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

CNO Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders 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 dividend yield of 1.61%. The ex-dividend date is Monday, March 10th. CNO Financial Group’s dividend payout ratio is presently 17.11%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. BMO Capital Markets assumed coverage on shares of CNO Financial Group in a report on Thursday, January 23rd. They issued a “market perform” rating and a $38.00 price target for the company. Piper Sandler reaffirmed an “overweight” rating and issued a $46.00 price target (up previously from $44.00) on shares of CNO Financial Group in a report on Monday, February 10th. Jefferies Financial Group increased their price target 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. Royal Bank of Canada increased their price target on shares of CNO Financial Group from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, February 10th. Finally, Keefe, Bruyette & Woods increased their price target on shares of CNO Financial Group from $42.00 to $44.00 and gave the company a “market perform” rating in a report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, CNO Financial Group has an average rating of “Hold” and a consensus target price of $40.50.

Institutional Trading of CNO Financial Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Mackenzie Financial Corp raised its stake in shares of CNO Financial Group by 20.9% during the fourth quarter. Mackenzie Financial Corp now owns 29,173 shares of the financial services provider’s stock valued at $1,086,000 after acquiring an additional 5,045 shares in the last quarter. CSS LLC IL bought a new stake in shares of CNO Financial Group during the fourth quarter valued at approximately $637,000. PharVision Advisers LLC bought a new stake in shares of CNO Financial Group during the fourth quarter valued at approximately $210,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of CNO Financial Group by 9.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 356,019 shares of the financial services provider’s stock valued at $13,247,000 after acquiring an additional 30,784 shares in the last quarter. Finally, iSAM Funds UK Ltd purchased a new position in CNO Financial Group during the fourth quarter valued at approximately $288,000. 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.