Jeanne Linnenbringer Sells 6,560 Shares of CNO Financial Group (NYSE:CNO) Stock

CNO Financial Group, Inc. (NYSE:CNO) insider Jeanne Linnenbringer sold 6,560 shares of CNO Financial Group stock in a transaction on Monday, August 31st. The stock was sold at an average price of $54.99, for a total value of $360,734.40. Following the transaction, the insider directly owned 34,188 shares of the company’s stock, valued at approximately $1,879,998.12. This represents a 16.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CNO Financial Group Trading Up 2.5%

NYSE:CNO opened at $56.71 on Friday. The company has a market capitalization of $5.25 billion, a PE ratio of 19.49 and a beta of 0.80. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 1.65. CNO Financial Group, Inc. has a 52-week low of $38.22 and a 52-week high of $57.59. The stock has a fifty day simple moving average of $53.76 and a 200-day simple moving average of $47.77.

CNO Financial Group (NYSE:CNO) last announced its earnings results on Thursday, July 30th. The financial services provider reported $1.26 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 analysts’ expectations 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 quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.87 EPS. On average, equities research analysts expect that CNO Financial Group, Inc. will post 4.74 earnings per share for the current fiscal year.

CNO Financial Group Dividend Announcement

The company 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 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 10th. CNO Financial Group’s payout ratio is currently 24.74%.

Trending Headlines about CNO Financial Group

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

• Positive Sentiment: CNO’s investor briefing highlighted growth strategies and operating momentum in its worksite and Medicare businesses, offering investors greater visibility into potential expansion and future earnings. CNO Financial Highlights Growth in Worksite and Medicare Operations
• Positive Sentiment: The company recently reported quarterly earnings of $1.26 per share, well above the $0.97 analyst consensus, while revenue of $1.29 billion exceeded expectations and increased 11.6% year over year. Analysts expect approximately $4.74 in full-year EPS, supporting the stock’s valuation and recent strength.
• Positive Sentiment: CNO declared a quarterly dividend of $0.18 per share, equivalent to $0.72 annually and a yield of about 1.3%. The dividend’s payout ratio of roughly 24.7% suggests room to maintain the distribution if earnings remain solid. CNO Financial Group stock information
• Neutral Sentiment: Analyst sentiment remains mixed: CNO has two Buy ratings and three Hold ratings, with a consensus price target near $56. Several firms have recently raised their targets, including Capital One Financial at $70, but the average target implies limited upside from recent trading levels.
• Negative Sentiment: Insiders Karen J. Detoro and Jeanne L. Linnenbringer sold a combined approximately 39,213 shares worth about $2.15 million between August 31 and September 2. The transactions reduced their holdings and could create a modest overhang, although all sales were made under pre-arranged Rule 10b5-1 plans, making them less indicative of a new negative view on the business. Karen J. Detoro SEC Form 4 Jeanne L. Linnenbringer SEC Form 4

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CNO. Corient Private Wealth LP raised its holdings in shares of CNO Financial Group by 2.6% in the 2nd quarter. Corient Private Wealth LP now owns 44,104 shares of the financial services provider’s stock worth $2,248,000 after purchasing an additional 1,117 shares during the period. Amundi raised its stake in shares of CNO Financial Group by 8.8% in the 2nd quarter. Amundi now owns 19,141 shares of the financial services provider’s stock valued at $976,000 after acquiring an additional 1,545 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in CNO Financial Group during the 2nd quarter worth $311,000. California State Teachers Retirement System increased its holdings in CNO Financial Group by 4,851.5% in the 2nd quarter. California State Teachers Retirement System now owns 5,354,939 shares of the financial services provider’s stock valued at $272,995,000 after purchasing an additional 5,246,791 shares in the last quarter. Finally, HB Wealth Management LLC acquired a new stake in CNO Financial Group in the 2nd quarter valued at $304,000. 95.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CNO has been the subject of several recent analyst reports. Jefferies Financial Group cut shares of CNO Financial Group from a “buy” rating to a “hold” rating and lifted their target price for the stock from $53.00 to $55.00 in a research note on Friday, July 10th. Evercore set a $48.00 price target on CNO Financial Group and gave the stock an “in-line” rating in a research note on Monday, June 1st. Weiss Ratings raised CNO Financial Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday, August 11th. Keefe, Bruyette & Woods upped their target price on CNO Financial Group from $53.00 to $57.00 and gave the company a “market perform” rating in a research note on Monday, August 3rd. Finally, Capital One Financial set a $70.00 target price on CNO Financial Group in a research report on Wednesday, August 26th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $56.00.

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.