Yvonne K. Franzese Sells 8,109 Shares of CNO Financial Group, Inc. (NYSE:CNO) Stock

CNO Financial Group, Inc. (NYSE:CNO) insider Yvonne K. Franzese sold 8,109 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $42.00, for a total value of $340,578.00. Following the completion of the transaction, the insider now directly owns 38,540 shares in the company, valued at approximately $1,618,680. This represents a 17.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

CNO Financial Group Trading Up 0.2 %

CNO traded up $0.08 during trading on Wednesday, hitting $42.34. 666,120 shares of the stock traded hands, compared to its average volume of 654,913. The firm has a market capitalization of $4.25 billion, a P/E ratio of 11.32 and a beta of 1.02. CNO Financial Group, Inc. has a 12-month low of $24.92 and a 12-month high of $43.12. 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 firm has a 50-day moving average of $40.24 and a 200 day moving average of $37.90.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.31 EPS for the quarter, beating 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%. Equities research analysts anticipate that CNO Financial Group, Inc. will post 3.83 EPS for the current year.

CNO Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.51%. The ex-dividend date was Monday, March 10th. CNO Financial Group’s dividend payout ratio (DPR) is currently 17.11%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CNO shares. Keefe, Bruyette & Woods boosted their target price on CNO Financial Group from $42.00 to $44.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 12th. BMO Capital Markets began 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 objective for the company. Piper Sandler reaffirmed an “overweight” rating and set a $46.00 target price (up previously from $44.00) on shares of CNO Financial Group in a report on Monday, February 10th. Jefferies Financial Group boosted their price target on shares of CNO Financial Group from $36.00 to $41.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. Finally, Royal Bank of Canada raised their price objective on CNO Financial Group from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $40.50.

Hedge Funds Weigh In On CNO Financial Group

Several hedge funds have recently made changes to their positions in the business. Jones Financial Companies Lllp lifted its stake in CNO Financial Group by 368.2% in the fourth quarter. Jones Financial Companies Lllp now owns 796 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 626 shares during the period. Smartleaf Asset Management LLC increased its position 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. raised its holdings in CNO Financial Group by 51.6% in the 4th quarter. Principal Securities Inc. now owns 955 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 325 shares in the last quarter. Headlands Technologies LLC raised its holdings in CNO Financial Group by 193.2% in the 4th quarter. Headlands Technologies LLC now owns 1,337 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 881 shares in the last quarter. Finally, Quarry LP lifted its position in shares of CNO Financial Group by 137.8% in the 4th quarter. Quarry LP now owns 1,334 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 773 shares during the period. 95.43% of the stock is owned by hedge funds and other institutional investors.

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.