Insider Selling: CNO Financial Group, Inc. (NYSE:CNO) Insider Sells $340,578.00 in Stock

CNO Financial Group, Inc. (NYSE:CNO) insider Yvonne K. Franzese sold 8,109 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $42.00, for a total value of $340,578.00. Following the transaction, the insider now owns 38,540 shares of the company’s stock, valued at approximately $1,618,680. The trade was a 17.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

CNO Financial Group Trading Down 1.9 %

CNO Financial Group stock opened at $41.46 on Friday. The stock has a 50-day simple moving average of $40.45 and a 200 day simple moving average of $38.02. The stock has a market capitalization of $4.16 billion, a P/E ratio of 11.09 and a beta of 1.02. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.19 and a current ratio of 0.22. CNO Financial Group, Inc. has a 52 week low of $24.92 and a 52 week high of $43.20.

CNO Financial Group (NYSE:CNO) last posted 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 return on equity of 17.20% and a net margin of 9.08%. Analysts expect that CNO Financial Group, Inc. will post 3.83 earnings per share for the current year.

CNO Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.54%. The ex-dividend date was Monday, March 10th. CNO Financial Group’s payout ratio is 17.11%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CNO shares. Jefferies Financial Group raised 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. Royal Bank of Canada lifted their price target on shares of 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 began coverage on shares of CNO Financial Group in a research report on Thursday, January 23rd. They set a “market perform” rating and a $38.00 price target on the stock. Keefe, Bruyette & Woods raised their price objective on CNO Financial Group from $42.00 to $44.00 and gave the company a “market perform” rating in a report on Wednesday, February 12th. Finally, Piper Sandler reiterated 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $40.50.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp boosted 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 worth $30,000 after acquiring an additional 626 shares during the period. Smartleaf Asset Management LLC boosted its stake in CNO Financial Group by 95.2% in 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. grew 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 valued at $36,000 after buying an additional 325 shares in the last quarter. Headlands Technologies LLC increased its position in CNO Financial Group by 193.2% during the 4th 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 period. Finally, Quarry LP lifted 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 worth $50,000 after buying an additional 773 shares in the last quarter. 95.43% of the stock is owned by 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.