CNO Financial Group, Inc. (NYSE:CNO) CMO Rocco F. Tarasi III Sells 4,500 Shares

CNO Financial Group, Inc. (NYSE:CNO) CMO Rocco F. Tarasi III sold 4,500 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $37.51, for a total transaction of $168,795.00. Following the completion of the transaction, the chief marketing officer now directly owns 72,896 shares in the company, valued at approximately $2,734,328.96. This represents a 5.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

CNO Financial Group Stock Performance

Shares of CNO stock opened at $36.78 on Friday. The company has a market capitalization of $3.80 billion, a price-to-earnings ratio of 14.83 and a beta of 1.02. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.19 and a current ratio of 0.19. The company’s 50-day moving average is $37.63 and its 200 day moving average is $33.53. CNO Financial Group, Inc. has a one year low of $24.92 and a one year high of $40.91.

CNO Financial Group (NYSE:CNO) last announced its earnings results on Thursday, October 31st. The financial services provider reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.29. CNO Financial Group had a net margin of 6.06% and a return on equity of 17.53%. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $945.44 million. During the same period in the previous year, the business earned $0.88 EPS. The company’s quarterly revenue was up 19.2% compared to the same quarter last year. Sell-side analysts expect that CNO Financial Group, Inc. will post 3.73 EPS for the current fiscal year.

CNO Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Tuesday, December 10th. CNO Financial Group’s dividend payout ratio (DPR) is 25.81%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Royal Bank of Canada upped their target price on CNO Financial Group from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Jefferies Financial Group boosted their price target on CNO Financial Group from $36.00 to $41.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Finally, Piper Sandler increased their price objective on shares of CNO Financial Group from $42.00 to $44.00 and gave the stock an “overweight” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, CNO Financial Group currently has a consensus rating of “Hold” and a consensus target price of $37.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CNO. CWM LLC raised its stake in shares of CNO Financial Group by 64.1% in the second quarter. CWM LLC now owns 1,144 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 447 shares during the period. Quarry LP raised its holdings in shares of CNO Financial Group by 123.2% in the second quarter. Quarry LP now owns 1,694 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 935 shares in the last quarter. Blue Trust Inc. lifted its position in shares of CNO Financial Group by 25.4% in the 2nd quarter. Blue Trust Inc. now owns 2,384 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 483 shares during the period. GAMMA Investing LLC lifted its holdings in CNO Financial Group by 141.8% during the third quarter. GAMMA Investing LLC now owns 1,985 shares of the financial services provider’s stock worth $70,000 after buying an additional 1,164 shares during the period. Finally, Point72 DIFC Ltd purchased a new stake in shares of CNO Financial Group during the 2nd quarter valued at $89,000. 95.43% of the stock is currently owned by institutional investors.

CNO Financial Group Company Profile

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.