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

CNO Financial Group, Inc. (NYSE:CNO) General Counsel Matthew J. Zimpfer sold 40,800 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $40.10, for a total value of $1,636,080.00. Following the transaction, the general counsel now owns 204,143 shares of the company’s stock, valued at $8,186,134.30. This represents a 16.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

CNO Financial Group Price Performance

CNO Financial Group stock opened at $39.81 on Friday. The business’s 50-day simple moving average is $38.72 and its 200 day simple moving average is $36.69. The stock has a market cap of $4.11 billion, a price-to-earnings 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 quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 1.61.

CNO Financial Group (NYSE:CNO) last posted its quarterly 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, 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 company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.61%. The ex-dividend date is Monday, March 10th. CNO Financial Group’s dividend payout ratio is 17.11%.

Hedge Funds Weigh In On CNO Financial Group

Hedge funds have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its holdings 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 valued at $30,000 after acquiring an additional 626 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in CNO Financial Group by 95.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 855 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 417 shares during the last quarter. Principal Securities Inc. boosted its holdings in CNO Financial Group by 51.6% during the fourth quarter. Principal Securities Inc. now owns 955 shares of the financial services provider’s stock worth $36,000 after buying an additional 325 shares during the last quarter. Quarry LP boosted its holdings in CNO Financial Group by 137.8% during the fourth quarter. Quarry LP now owns 1,334 shares of the financial services provider’s stock worth $50,000 after buying an additional 773 shares during the last quarter. Finally, Headlands Technologies LLC boosted its holdings in CNO Financial Group by 193.2% during the fourth quarter. Headlands Technologies LLC now owns 1,337 shares of the financial services provider’s stock worth $50,000 after buying an additional 881 shares during the last quarter. Institutional investors own 95.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CNO. Piper Sandler reiterated an “overweight” rating and set a $46.00 price objective (up from $44.00) on shares of CNO Financial Group in a research note on Monday, February 10th. Royal Bank of Canada raised their target price 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. 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 target price for the company. Jefferies Financial Group raised their target price on 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, Keefe, Bruyette & Woods raised their target price on CNO Financial Group from $42.00 to $44.00 and gave the company a “market perform” rating in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, CNO Financial Group currently has an average rating of “Hold” and a consensus target price of $40.50.

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.