CNO Financial Group (NYSE:CNO) Insider Karen Detoro Sells 9,336 Shares of Stock

CNO Financial Group, Inc. (NYSE:CNO) insider Karen Detoro sold 9,336 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $54.73, for a total transaction of $510,959.28. Following the completion of the sale, the insider owned 42,414 shares in the company, valued at $2,321,318.22. This represents a 18.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CNO Financial Group Trading Up 1.4%

Shares of CNO opened at $55.33 on Thursday. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.17 and a quick ratio of 0.17. CNO Financial Group, Inc. has a 1-year low of $38.22 and a 1-year high of $57.59. The stock has a market cap of $5.12 billion, a price-to-earnings ratio of 19.01 and a beta of 0.80. The firm has a 50 day simple moving average of $53.67 and a 200-day simple moving average of $47.68.

CNO Financial Group (NYSE:CNO) last posted its earnings results on Thursday, July 30th. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.29. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $999.45 million. CNO Financial Group had a return on equity of 18.76% and a net margin of 6.02%.CNO Financial Group’s revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.87 EPS. Equities analysts forecast that CNO Financial Group, Inc. will post 4.74 EPS for the current fiscal year.

CNO Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Thursday, September 10th. CNO Financial Group’s dividend payout ratio is currently 24.74%.

Institutional Trading of CNO Financial Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CNO. BlackRock Inc. acquired a new position in shares of CNO Financial Group during the 2nd quarter valued at about $682,433,000. California State Teachers Retirement System lifted its holdings in shares of CNO Financial Group by 4,851.5% during the 2nd quarter. California State Teachers Retirement System now owns 5,354,939 shares of the financial services provider’s stock worth $272,995,000 after acquiring an additional 5,246,791 shares during the period. Pzena Investment Management LLC acquired a new stake in shares of CNO Financial Group in the second quarter worth approximately $124,476,000. Bank of America Corp DE acquired a new stake in shares of CNO Financial Group in the second quarter worth approximately $50,034,000. Finally, Bank of New York Mellon Corp purchased a new stake in CNO Financial Group in the second quarter valued at approximately $44,529,000. Hedge funds and other institutional investors own 95.43% of the company’s stock.

Analysts Set New Price Targets

CNO has been the subject of several analyst reports. Capital One Financial set a $70.00 target price on shares of CNO Financial Group in a research note on Wednesday, August 26th. Weiss Ratings raised shares of CNO Financial Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday, August 11th. Wall Street Zen raised shares of CNO Financial Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Keefe, Bruyette & Woods raised their target price on shares of CNO Financial Group from $53.00 to $57.00 and gave the stock a “market perform” rating in a research report on Monday, August 3rd. Finally, Evercore set a $48.00 target price on shares of CNO Financial Group and gave the stock an “in-line” rating in a research note on Monday, June 1st. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, CNO Financial Group has a consensus rating of “Hold” and an average price target of $56.00.

CNO Financial Group News Summary

Here are the key news stories impacting CNO Financial Group this week:

• Positive Sentiment: CNO’s September 1 investor briefing highlighted growth strategies and operating momentum in its worksite and Medicare operations, potentially reinforcing the investment case and helping support the stock’s recent strength. CNO Financial Highlights Growth in Worksite and Medicare Operations
• Positive Sentiment: Management’s discussion of business strategies and growth drivers in the worksite and Medicare segments gives investors additional visibility into potential expansion areas and future earnings support. CNO Financial Group Discusses Worksite and Medicare Business Strategies and Growth Drivers Transcript
• Negative Sentiment: Insiders Karen J. Detoro and Jeanne L. Linnenbringer collectively sold approximately 39,213 shares worth about $2.15 million across August 31 through September 2. The sales reduce their individual holdings and could signal profit-taking or create a modest overhang, though both sets of transactions were executed under pre-arranged Rule 10b5-1 plans. Karen J. Detoro SEC Form 4 Jeanne L. Linnenbringer SEC Form 4

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.