Rocco Tarasi III Sells 3,308 Shares of CNO Financial Group (NYSE:CNO) Stock

CNO Financial Group, Inc. (NYSE:CNOGet Free Report) CMO Rocco Tarasi III sold 3,308 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $49.00, for a total value of $162,092.00. Following the sale, the chief marketing officer directly owned 79,191 shares in the company, valued at approximately $3,880,359. This trade represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CNO Financial Group Stock Performance

CNO Financial Group stock traded up $0.36 during midday trading on Thursday, hitting $49.99. 531,198 shares of the company were exchanged, compared to its average volume of 681,845. The firm has a market capitalization of $4.67 billion, a PE ratio of 20.08 and a beta of 0.81. CNO Financial Group, Inc. has a fifty-two week low of $35.24 and a fifty-two week high of $50.20. The business has a fifty day simple moving average of $45.04 and a two-hundred day simple moving average of $42.95. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.17 and a current ratio of 0.17.

CNO Financial Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This is an increase from CNO Financial Group’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a yield of 1.4%. CNO Financial Group’s dividend payout ratio is 28.92%.

Hedge Funds Weigh In On CNO Financial Group

A number of large investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP purchased a new stake in shares of CNO Financial Group during the third quarter worth approximately $1,469,000. Lighthouse Investment Partners LLC purchased a new stake in shares of CNO Financial Group during the third quarter worth approximately $8,018,000. JPMorgan Chase & Co. increased its position in shares of CNO Financial Group by 11.6% during the third quarter. JPMorgan Chase & Co. now owns 882,512 shares of the financial services provider’s stock worth $34,903,000 after purchasing an additional 91,417 shares in the last quarter. American Century Companies Inc. increased its position in shares of CNO Financial Group by 3.8% during the third quarter. American Century Companies Inc. now owns 3,239,944 shares of the financial services provider’s stock worth $128,140,000 after purchasing an additional 118,417 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of CNO Financial Group by 1.0% during the third quarter. Franklin Resources Inc. now owns 4,302,316 shares of the financial services provider’s stock worth $170,157,000 after purchasing an additional 42,467 shares in the last quarter. 95.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on CNO shares. Wall Street Zen lowered CNO Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Keefe, Bruyette & Woods upped their price objective on shares of CNO Financial Group from $46.00 to $50.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 5th. Evercore set a $48.00 price objective on shares of CNO Financial Group and gave the stock an “in-line” rating in a research report on Monday, June 1st. Finally, Weiss Ratings restated a “buy (b)” rating on shares of CNO Financial Group in a research report on Monday, April 20th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, CNO Financial Group currently has an average rating of “Moderate Buy” and an average price target of $48.75.

Check Out Our Latest Analysis on CNO Financial Group

CNO Financial Group Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for CNO Financial Group (NYSE:CNO)

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