CNO Financial Group, Inc. (NYSE:CNO) Insider Sells $469,063.00 in Stock

CNO Financial Group, Inc. (NYSE:CNO) insider Jeremy David Williams sold 11,300 shares of the firm’s stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $41.51, for a total transaction of $469,063.00. Following the completion of the transaction, the insider now directly owns 65,299 shares of the company’s stock, valued at approximately $2,710,561.49. The trade was a 14.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Jeremy David Williams also recently made the following trade(s):

• On Wednesday, April 2nd, Jeremy David Williams sold 3,393 shares of CNO Financial Group stock. The stock was sold at an average price of $41.77, for a total transaction of $141,725.61.

CNO Financial Group Trading Down 6.9 %

CNO opened at $36.83 on Friday. 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 one year low of $24.92 and a one year high of $43.20. The company has a market cap of $3.69 billion, a P/E ratio of 9.85 and a beta of 0.90. The business’s 50-day simple moving average is $40.61 and its 200-day simple moving average is $38.29.

CNO Financial Group (NYSE:CNO) last announced its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.31 EPS for the quarter, beating the consensus estimate 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, equities 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 declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.64 annualized dividend and a yield of 1.74%. CNO Financial Group’s dividend payout ratio is currently 17.11%.

Wall Street Analyst Weigh In

Several equities analysts have commented on CNO shares. Jefferies Financial Group boosted 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 upped their price target on CNO Financial Group from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. 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 objective for the company. Piper Sandler boosted their price objective on CNO Financial Group from $46.00 to $49.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Keefe, Bruyette & Woods raised their target price on shares of CNO Financial Group from $42.00 to $44.00 and gave the company a “market perform” rating in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $41.00.

Hedge Funds Weigh In On CNO Financial Group

Several large investors have recently bought and sold shares of CNO. Jones Financial Companies Lllp increased its position 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 purchasing an additional 626 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in CNO Financial Group by 95.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 855 shares of the financial services provider’s stock worth $32,000 after buying an additional 417 shares during the last quarter. Principal Securities Inc. increased its position in CNO Financial Group by 51.6% during the fourth quarter. Principal Securities Inc. now owns 955 shares of the financial services provider’s stock worth $36,000 after buying an additional 325 shares during the period. Versant Capital Management Inc lifted its stake in CNO Financial Group by 148.6% in the first quarter. Versant Capital Management Inc now owns 1,099 shares of the financial services provider’s stock valued at $46,000 after buying an additional 657 shares during the last quarter. Finally, Headlands Technologies LLC lifted its stake in CNO Financial Group by 193.2% in 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 and hedge funds own 95.43% of the company’s stock.

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.