CNO Financial Group (NYSE:CNO) General Counsel Sells $1,455,090.00 in Stock

CNO Financial Group, Inc. (NYSE:CNO) General Counsel Matthew Zimpfer sold 33,800 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $43.05, for a total transaction of $1,455,090.00. Following the completion of the transaction, the general counsel owned 307,937 shares in the company, valued at $13,256,687.85. This trade represents a 9.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

CNO Financial Group Stock Performance

CNO Financial Group stock traded down $0.13 during midday trading on Wednesday, hitting $42.99. The company’s stock had a trading volume of 850,597 shares, compared to its average volume of 687,941. CNO Financial Group, Inc. has a 1-year low of $34.63 and a 1-year high of $44.85. 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 company has a 50-day moving average price of $42.55 and a two-hundred day moving average price of $40.59. The company has a market cap of $4.10 billion, a price-to-earnings ratio of 19.28 and a beta of 0.84.

CNO Financial Group (NYSE:CNO) last announced its earnings results on Thursday, February 5th. The financial services provider reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.27. CNO Financial Group had a net margin of 4.94% and a return on equity of 15.80%. The firm had revenue of $101.10 million for the quarter, compared to analyst estimates of $1 billion. During the same quarter in the prior year, the business posted $1.18 EPS. The business’s revenue was up 4.2% compared to the same quarter last year. As a group, sell-side analysts predict that CNO Financial Group, Inc. will post 3.83 earnings per share 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. Shareholders of record on Tuesday, March 10th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Tuesday, March 10th. CNO Financial Group’s dividend payout ratio (DPR) is 30.49%.

Institutional Trading of CNO Financial Group

Several large investors have recently bought and sold shares of CNO. Royal Bank of Canada raised its stake in CNO Financial Group by 29.5% during the first quarter. Royal Bank of Canada now owns 176,059 shares of the financial services provider’s stock worth $7,332,000 after acquiring an additional 40,054 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of CNO Financial Group by 1.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,757 shares of the financial services provider’s stock valued at $2,531,000 after purchasing an additional 797 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in CNO Financial Group by 5.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 376,747 shares of the financial services provider’s stock worth $15,692,000 after purchasing an additional 20,728 shares in the last quarter. Jane Street Group LLC increased its position in CNO Financial Group by 146.4% during the 1st quarter. Jane Street Group LLC now owns 149,159 shares of the financial services provider’s stock worth $6,212,000 after purchasing an additional 88,619 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in CNO Financial Group by 637.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,438 shares of the financial services provider’s stock valued at $60,000 after purchasing an additional 1,243 shares during the last quarter. 95.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of CNO Financial Group in a report on Wednesday, January 21st. Wall Street Zen cut shares of CNO Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Evercore reiterated an “underperform” rating and set a $43.00 price objective on shares of CNO Financial Group in a research note on Wednesday. Jefferies Financial Group raised shares of CNO Financial Group from a “hold” rating to a “buy” rating and raised their target price for the company from $42.00 to $47.00 in a report on Monday, December 15th. Finally, Piper Sandler upped their price target on shares of CNO Financial Group from $46.00 to $50.00 and gave the stock an “overweight” rating in a report on Tuesday, December 23rd. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $46.25.

About CNO Financial Group

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.