Insider Selling: CNO Financial Group, Inc. (NYSE:CNO) Insider Sells $89,248.32 in Stock

CNO Financial Group, Inc. (NYSE:CNO) insider Yvonne K. Franzese sold 2,097 shares of the business’s stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $42.56, for a total value of $89,248.32. Following the sale, the insider now owns 30,321 shares in the company, valued at $1,290,461.76. The trade was a 6.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

CNO Financial Group Price Performance

NYSE:CNO opened at $41.46 on Friday. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.22 and a quick ratio of 0.19. The company has a 50 day moving average price of $40.45 and a 200-day moving average price of $38.02. CNO Financial Group, Inc. has a 1-year low of $24.92 and a 1-year high of $43.20. The firm has a market cap of $4.16 billion, a price-to-earnings ratio of 11.09 and a beta of 1.02.

CNO Financial Group (NYSE:CNO) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.25. CNO Financial Group had a net margin of 9.08% and a return on equity of 17.20%. Equities research analysts forecast that CNO Financial Group, Inc. will post 3.83 EPS for the current year.

CNO Financial Group Announces Dividend

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

Institutional Trading of CNO Financial Group

A number of institutional investors and hedge funds have recently made changes to their positions in CNO. 111 Capital acquired a new stake in CNO Financial Group in the 4th quarter valued at $425,000. Wealth Enhancement Advisory Services LLC raised its position in shares of CNO Financial Group by 16.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,957 shares of the financial services provider’s stock worth $482,000 after purchasing an additional 1,873 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in CNO Financial Group in the 4th quarter valued at about $15,093,000. Jefferies Financial Group Inc. acquired a new stake in CNO Financial Group in the 4th quarter worth about $896,000. Finally, Mackenzie Financial Corp increased its stake in CNO Financial Group by 20.9% during the 4th quarter. Mackenzie Financial Corp now owns 29,173 shares of the financial services provider’s stock worth $1,086,000 after buying an additional 5,045 shares in the last quarter. 95.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on CNO. Keefe, Bruyette & Woods boosted their target price on shares of CNO Financial Group from $42.00 to $44.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 12th. BMO Capital Markets initiated coverage on CNO Financial Group in a research report on Thursday, January 23rd. They issued a “market perform” rating and a $38.00 target price on the stock. Royal Bank of Canada lifted their price target on CNO Financial Group from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Jefferies Financial Group upped their price objective on shares of CNO Financial Group from $36.00 to $41.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Finally, 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 report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, CNO Financial Group currently has a consensus 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.