CNO Financial Group, Inc. (NYSE:CNO) General Counsel Sells $1,636,080.00 in Stock

CNO Financial Group, Inc. (NYSE:CNO) General Counsel Matthew J. Zimpfer sold 40,800 shares of CNO Financial Group stock in a transaction dated 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 completion of the transaction, the general counsel now owns 204,143 shares of the company’s stock, valued at $8,186,134.30. This trade represents a 16.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

CNO Financial Group Stock Performance

NYSE CNO traded down $0.81 during trading hours on Friday, reaching $39.81. The company’s stock had a trading volume of 602,124 shares, compared to its average volume of 537,160. The company has a current ratio of 0.22, a quick ratio of 0.19 and a debt-to-equity ratio of 1.61. The business has a 50-day simple moving average of $38.72 and a 200 day simple moving average of $36.69. CNO Financial Group, Inc. has a 52 week low of $24.92 and a 52 week high of $42.02. The stock has a market cap of $4.11 billion, a PE ratio of 10.64 and a beta of 1.04.

CNO Financial Group (NYSE:CNO) last issued its earnings results on Thursday, February 6th. The financial services provider reported $1.31 earnings per share (EPS) 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%. Equities research analysts predict that CNO Financial Group, Inc. will post 3.83 earnings per share for the current fiscal year.

CNO Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.61%. CNO Financial Group’s dividend payout ratio (DPR) is presently 17.11%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CNO. BMO Capital Markets began coverage on CNO Financial Group in a research note on Thursday, January 23rd. They issued a “market perform” rating and a $38.00 price target for the company. Jefferies Financial Group lifted their price target on CNO Financial Group from $36.00 to $41.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. Piper Sandler reiterated an “overweight” rating and issued a $46.00 price target (up from $44.00) on shares of CNO Financial Group in a research note on Monday, February 10th. Royal Bank of Canada lifted their price target on CNO Financial Group from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. Finally, Keefe, Bruyette & Woods raised their target price on shares of CNO Financial Group from $42.00 to $44.00 and gave the stock a “market perform” rating in a report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, CNO Financial Group has a consensus rating of “Hold” and an average target price of $40.50.

Institutional Investors Weigh In On CNO Financial Group

Hedge funds have recently made changes to their positions in the business. Jones Financial Companies Lllp raised its holdings in shares of CNO Financial Group by 368.2% during the fourth quarter. Jones Financial Companies Lllp now owns 796 shares of the financial services provider’s stock valued at $30,000 after buying an additional 626 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of CNO Financial Group by 95.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 855 shares of the financial services provider’s stock valued at $32,000 after buying an additional 417 shares during the last quarter. Principal Securities Inc. raised its holdings in shares of CNO Financial Group by 51.6% during the fourth quarter. Principal Securities Inc. now owns 955 shares of the financial services provider’s stock valued at $36,000 after buying an additional 325 shares during the last quarter. Quarry LP raised its holdings in shares of CNO Financial Group by 137.8% during the fourth quarter. Quarry LP now owns 1,334 shares of the financial services provider’s stock valued at $50,000 after buying an additional 773 shares during the last quarter. Finally, Headlands Technologies LLC raised its holdings in shares of 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 valued at $50,000 after buying an additional 881 shares during the last quarter. Institutional investors own 95.43% of the company’s stock.

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.