CNO Financial Group, Inc. (NYSE:CNO) Insider Scott L. Goldberg Sells 25,500 Shares

CNO Financial Group, Inc. (NYSE:CNO) insider Scott L. Goldberg sold 25,500 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $40.02, for a total transaction of $1,020,510.00. Following the sale, the insider now owns 169,342 shares of the company’s stock, valued at approximately $6,777,066.84. This represents a 13.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

CNO Financial Group Trading Down 2.6 %

CNO opened at $39.67 on Friday. The stock has a market capitalization of $4.00 billion, a PE ratio of 10.61 and a beta of 1.02. CNO Financial Group, Inc. has a 12-month low of $24.92 and a 12-month high of $42.41. The firm’s fifty day moving average price is $39.34 and its 200 day moving average price is $37.23. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.22 and a quick ratio of 0.19.

CNO Financial Group (NYSE:CNO) last issued its earnings results on Thursday, February 6th. The financial services provider reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.25. CNO Financial Group had a net margin of 9.08% and a return on equity of 17.20%. As a group, research analysts expect that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Announces Dividend

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

Hedge Funds Weigh In On CNO Financial Group

Large investors have recently made changes to their positions in the business. State of Alaska Department of Revenue lifted its stake in CNO Financial Group by 3.5% during 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 buying an additional 415 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in CNO Financial Group by 131.5% during the third quarter. Harbor Capital Advisors Inc. now owns 32,141 shares of the financial services provider’s stock valued at $1,128,000 after buying an additional 18,257 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new stake in CNO Financial Group during the third quarter valued at about $209,000. QRG Capital Management Inc. lifted its stake in CNO Financial Group by 6.6% during the third quarter. QRG Capital Management Inc. now owns 77,327 shares of the financial services provider’s stock valued at $2,714,000 after buying an additional 4,766 shares in the last quarter. Finally, Easterly Investment Partners LLC lifted its stake in CNO Financial Group by 3.8% during the third quarter. Easterly Investment Partners LLC now owns 609,624 shares of the financial services provider’s stock valued at $21,398,000 after buying an additional 22,453 shares in the last quarter. Institutional investors own 95.43% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods increased their price target on shares of 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. Piper Sandler reiterated an “overweight” rating and set a $46.00 price target (up previously from $44.00) on shares of CNO Financial Group in a research note on Monday, February 10th. Royal Bank of Canada increased their price target on shares of CNO Financial Group from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. BMO Capital Markets began coverage on shares of CNO Financial Group in a research note on Thursday, January 23rd. They set a “market perform” rating and a $38.00 price target for the company. Finally, Jefferies Financial Group raised their target price 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. One investment 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’s stock. According to data from MarketBeat, the stock presently 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.