CNO Financial Group (NYSE:CNO) General Counsel Matthew Zimpfer Sells 30,970 Shares of Stock

CNO Financial Group, Inc. (NYSE:CNO) General Counsel Matthew Zimpfer sold 30,970 shares of CNO Financial Group stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $42.93, for a total value of $1,329,542.10. Following the transaction, the general counsel owned 307,937 shares in the company, valued at approximately $13,219,735.41. This represents a 9.14% 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 Up 0.2%

Shares of CNO Financial Group stock opened at $43.18 on Friday. The company has a market capitalization of $4.12 billion, a P/E ratio of 19.36 and a beta of 0.84. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.17 and a quick ratio of 0.18. The business has a 50-day moving average of $42.32 and a two-hundred day moving average of $40.38. CNO Financial Group, Inc. has a 1 year low of $34.63 and a 1 year high of $44.85.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.27. CNO Financial Group had a return on equity of 15.80% and a net margin of 4.94%.The business had revenue of $101.10 million during the quarter, compared to analyst estimates of $1 billion. During the same period in the previous year, the firm earned $1.18 EPS. CNO Financial Group’s quarterly revenue was up 4.2% compared to the same quarter last year. As a group, equities analysts predict that CNO Financial Group, Inc. will post 3.83 EPS for the current year.

CNO Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $0.68 annualized dividend and a dividend yield of 1.6%. CNO Financial Group’s dividend payout ratio is currently 30.49%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CNO. Wall Street Zen lowered shares of CNO Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Piper Sandler boosted their price target on CNO Financial Group from $46.00 to $50.00 and gave the company an “overweight” rating in a report on Tuesday, December 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of CNO Financial Group in a report on Wednesday, January 21st. Finally, Jefferies Financial Group raised CNO Financial Group from a “hold” rating to a “buy” rating and lifted their target price for the company from $42.00 to $47.00 in a research report on Monday, December 15th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $47.33.

Institutional Trading of CNO Financial Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Allianz Asset Management GmbH increased its holdings in CNO Financial Group by 70.9% during the second quarter. Allianz Asset Management GmbH now owns 1,546,745 shares of the financial services provider’s stock worth $59,673,000 after buying an additional 641,950 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in CNO Financial Group by 72.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,333,698 shares of the financial services provider’s stock worth $51,641,000 after purchasing an additional 561,327 shares during the period. Millennium Management LLC raised its holdings in CNO Financial Group by 190.3% in the 3rd quarter. Millennium Management LLC now owns 579,656 shares of the financial services provider’s stock valued at $22,925,000 after acquiring an additional 379,984 shares during the period. Capitolis Liquid Global Markets LLC boosted its stake in CNO Financial Group by 384.9% in the 3rd quarter. Capitolis Liquid Global Markets LLC now owns 438,800 shares of the financial services provider’s stock valued at $17,355,000 after purchasing an additional 348,300 shares during the period. Finally, Retirement Systems of Alabama acquired a new position in shares of CNO Financial Group in the third quarter valued at about $11,857,000. Institutional investors own 95.43% of the company’s stock.

CNO Financial Group Company Profile

CNO Financial Group is an Indiana‐based holding company that offers a range of insurance and retirement solutions through its operating subsidiaries. Its primary business activities include life insurance, annuities, and supplemental health insurance products designed to help individuals plan for retirement and manage health‐related expenses. The company serves middle‐income Americans, with particular emphasis on senior customers seeking guaranteed coverage and reliable income streams.

Originally founded as Conseco in 1979, the company underwent a financial restructuring and rebranded as CNO Financial Group in 2010.