Yvonne K. Franzese Sells 2,013 Shares of CNO Financial Group, Inc. (NYSE:CNO) Stock

CNO Financial Group, Inc. (NYSE:CNO) insider Yvonne K. Franzese sold 2,013 shares of the firm’s stock in a transaction on Friday, March 28th. The stock was sold at an average price of $42.18, for a total value of $84,908.34. Following the transaction, the insider now directly owns 26,994 shares of the company’s stock, valued at approximately $1,138,606.92. This represents a 6.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

CNO Financial Group Trading Down 1.9 %

NYSE:CNO opened at $41.46 on Friday. CNO Financial Group, Inc. has a 12 month low of $24.92 and a 12 month high of $43.20. 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 stock has a market capitalization of $4.16 billion, a price-to-earnings ratio of 11.09 and a beta of 1.02. The firm has a fifty day simple moving average of $40.45 and a two-hundred day simple moving average of $38.06.

CNO Financial Group (NYSE:CNO) last issued its earnings results on Thursday, February 6th. The financial services provider reported $1.31 EPS for the quarter, beating 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 EPS for the current fiscal year.

CNO Financial Group Dividend Announcement

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

Institutional Trading of CNO Financial Group

Several hedge funds have recently bought and sold shares of CNO. 111 Capital bought a new position in shares of CNO Financial Group in the fourth quarter valued at $425,000. Wealth Enhancement Advisory Services LLC lifted its position in CNO Financial Group by 16.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,957 shares of the financial services provider’s stock valued at $482,000 after acquiring an additional 1,873 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in CNO Financial Group during the 4th quarter valued at about $15,093,000. Jefferies Financial Group Inc. bought a new stake in CNO Financial Group during the 4th quarter worth approximately $896,000. Finally, Mackenzie Financial Corp raised its stake in shares of CNO Financial Group by 20.9% in the fourth quarter. Mackenzie Financial Corp now owns 29,173 shares of the financial services provider’s stock worth $1,086,000 after purchasing an additional 5,045 shares during the last quarter. Institutional investors and hedge funds own 95.43% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CNO shares. BMO Capital Markets assumed coverage on CNO Financial Group in a research report on Thursday, January 23rd. They set a “market perform” rating and a $38.00 price objective for the company. 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 report on Tuesday, December 10th. Royal Bank of Canada upped their price objective 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. Piper Sandler reissued an “overweight” rating and set a $46.00 target price (up previously from $44.00) on shares of CNO Financial Group in a research note on Monday, February 10th. Finally, Keefe, Bruyette & Woods upped their price target on shares of CNO Financial Group from $42.00 to $44.00 and gave the company a “market perform” rating in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average 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.