CNO Financial Group, Inc. (NYSE:CNO) Insider Yvonne K. Franzese Sells 2,013 Shares

CNO Financial Group, Inc. (NYSE:CNO) insider Yvonne K. Franzese sold 2,013 shares of the company’s stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $42.18, for a total value of $84,908.34. Following the completion of the sale, the insider now directly owns 26,994 shares of the company’s stock, valued at $1,138,606.92. The trade was a 6.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

CNO Financial Group Stock Down 1.9 %

CNO stock opened at $41.46 on Friday. CNO Financial Group, Inc. has a 52 week low of $24.92 and a 52 week high of $43.20. The company has a market capitalization of $4.16 billion, a price-to-earnings ratio of 11.09 and a beta of 1.02. The firm’s 50-day moving average is $40.45 and its two-hundred day moving average is $38.02. The company has a current ratio of 0.22, a quick ratio of 0.19 and a debt-to-equity ratio of 1.61.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.31 EPS for the quarter, topping the consensus estimate of $1.06 by $0.25. CNO Financial Group had a net margin of 9.08% and a return on equity of 17.20%. On average, analysts forecast that CNO Financial Group, Inc. will post 3.83 earnings per share for the current fiscal year.

CNO Financial Group Announces Dividend

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

Wall Street Analyst Weigh In

CNO has been the topic of several analyst reports. Royal Bank of Canada lifted their price objective on CNO Financial Group from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Piper Sandler restated an “overweight” rating and set a $46.00 price target (up previously from $44.00) on shares of CNO Financial Group in a research report on Monday, February 10th. Keefe, Bruyette & Woods lifted their price objective on shares of CNO Financial Group from $42.00 to $44.00 and gave the company a “market perform” rating in a research report on Wednesday, February 12th. Jefferies Financial Group upped their target price on shares of CNO Financial Group from $36.00 to $41.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. Finally, BMO Capital Markets began coverage on CNO Financial Group in a research report on Thursday, January 23rd. They set a “market perform” rating and a $38.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, CNO Financial Group has an average rating of “Hold” and an average target price of $40.50.

Institutional Trading of CNO Financial Group

Large investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp lifted its position in shares of CNO Financial Group by 368.2% during the 4th quarter. Jones Financial Companies Lllp now owns 796 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 626 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of CNO Financial Group by 95.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 855 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 417 shares during the last quarter. Principal Securities Inc. boosted its position in shares of CNO Financial Group by 51.6% in the 4th quarter. Principal Securities Inc. now owns 955 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 325 shares during the period. Headlands Technologies LLC increased its stake in CNO Financial Group by 193.2% in the 4th quarter. Headlands Technologies LLC now owns 1,337 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 881 shares in the last quarter. Finally, Quarry LP raised its holdings in CNO Financial Group by 137.8% during the 4th quarter. Quarry LP now owns 1,334 shares of the financial services provider’s stock worth $50,000 after buying an additional 773 shares during the period. 95.43% of the stock is currently owned by institutional investors.

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.