CNO Financial Group Inc (CNO) Director Purchases $37,000.00 in Stock

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CNO Financial Group Inc (NYSE:CNO) Director Stephen N. David bought 2,000 shares of the firm’s stock in a transaction dated Monday, November 5th. The shares were acquired at an average cost of $18.50 per share, with a total value of $37,000.00. Following the completion of the transaction, the director now owns 19,706 shares of the company’s stock, valued at $364,561. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Shares of CNO stock opened at $19.00 on Friday. CNO Financial Group Inc has a 52-week low of $18.15 and a 52-week high of $26.47. The company has a quick ratio of 0.14, a current ratio of 0.26 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 9.41 and a beta of 1.14.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings data on Wednesday, October 31st. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.02. CNO Financial Group had a negative net margin of 8.95% and a positive return on equity of 7.89%. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $999.03 million. During the same period in the prior year, the firm posted $0.59 EPS. The firm’s quarterly revenue was up 37.2% compared to the same quarter last year. On average, equities analysts expect that CNO Financial Group Inc will post 1.97 EPS for the current year.

Hedge funds have recently modified their holdings of the business. US Bancorp DE grew its position in CNO Financial Group by 30.4% in the 3rd quarter. US Bancorp DE now owns 11,685 shares of the financial services provider’s stock worth $248,000 after purchasing an additional 2,722 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in CNO Financial Group in the 2nd quarter worth about $264,000. Fox Run Management L.L.C. bought a new stake in CNO Financial Group in the 3rd quarter worth about $266,000. PNC Financial Services Group Inc. grew its position in CNO Financial Group by 58.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 13,396 shares of the financial services provider’s stock worth $284,000 after purchasing an additional 4,966 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its position in CNO Financial Group by 59.2% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 15,643 shares of the financial services provider’s stock worth $339,000 after purchasing an additional 5,820 shares in the last quarter. 92.49% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently commented on CNO. ValuEngine downgraded shares of CNO Financial Group from a “sell” rating to a “strong sell” rating in a research report on Friday, November 2nd. TheStreet downgraded shares of CNO Financial Group from a “b” rating to a “c” rating in a research report on Thursday, November 1st. Zacks Investment Research downgraded shares of CNO Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 16th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $24.00 price objective on shares of CNO Financial Group in a research report on Friday, August 17th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. CNO Financial Group presently has an average rating of “Hold” and an average target price of $23.75.

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About CNO Financial Group

CNO Financial Group, Inc, through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, and other insurance products for senior and middle-income markets in the United States. It operates through Bankers Life, Washington National, Colonial Penn, and Long-Term Care in Run Off segments.

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