CNO Financial Group (NYSE:CNO) Insider Yvonne Franzese Sells 9,000 Shares

CNO Financial Group, Inc. (NYSE:CNO) insider Yvonne Franzese sold 9,000 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $43.17, for a total transaction of $388,530.00. Following the transaction, the insider directly owned 35,062 shares of the company’s stock, valued at $1,513,626.54. The trade was a 20.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

CNO Financial Group Price Performance

Shares of CNO Financial Group stock traded down $0.13 during trading on Wednesday, hitting $42.99. 850,597 shares of the company’s stock traded hands, compared to its average volume of 687,941. The company has a market cap of $4.10 billion, a PE ratio of 19.28 and a beta of 0.84. The firm’s fifty day moving average price is $42.55 and its 200 day moving average price is $40.59. CNO Financial Group, Inc. has a twelve month low of $34.63 and a twelve month 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.

CNO Financial Group (NYSE:CNO) last announced its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.27. The firm had revenue of $101.10 million during the quarter, compared to analysts’ expectations of $1 billion. CNO Financial Group had a net margin of 4.94% and a return on equity of 15.80%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.18 earnings per share. Analysts forecast 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 announced a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Tuesday, March 10th. CNO Financial Group’s dividend payout ratio (DPR) is 30.49%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CNO. Piper Sandler increased their price objective on CNO Financial Group from $46.00 to $50.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of CNO Financial Group in a report on Wednesday, January 21st. Wall Street Zen downgraded shares of CNO Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Jefferies Financial Group upgraded shares of CNO Financial Group from a “hold” rating to a “buy” rating and boosted their price target for the company from $42.00 to $47.00 in a research report on Monday, December 15th. Finally, Evercore reaffirmed an “underperform” rating and set a $43.00 price objective on shares of CNO Financial Group in a report on Wednesday. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $46.25.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its holdings in CNO Financial Group by 29.5% during the 1st 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 during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of CNO Financial Group by 1.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,757 shares of the financial services provider’s stock worth $2,531,000 after purchasing an additional 797 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of CNO Financial Group by 5.8% during the first 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 grew its stake in shares of CNO Financial Group by 146.4% during the first quarter. Jane Street Group LLC now owns 149,159 shares of the financial services provider’s stock valued at $6,212,000 after purchasing an additional 88,619 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in shares of CNO Financial Group by 637.4% in the first 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 in the last quarter. Institutional investors and hedge funds 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.