CNO Financial Group, Inc. (NYSE:CNO – Get Free Report) insider Karen DeToro sold 9,336 shares of the stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $54.73, for a total value of $510,959.28. Following the transaction, the insider owned 42,414 shares of the company’s stock, valued at approximately $2,321,318.22. The trade was a 18.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
CNO Financial Group Stock Down 0.1%
Shares of CNO Financial Group stock opened at $56.67 on Friday. The firm has a market cap of $5.24 billion, a PE ratio of 19.47 and a beta of 0.80. The business’s 50 day simple moving average is $53.85 and its 200 day simple moving average is $47.83. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.17 and a current ratio of 0.17. CNO Financial Group, Inc. has a 52-week low of $38.22 and a 52-week high of $57.59.
CNO Financial Group (NYSE:CNO – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.29. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $999.45 million. CNO Financial Group had a return on equity of 18.76% and a net margin of 6.02%.The business’s revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.87 EPS. On average, analysts predict that CNO Financial Group, Inc. will post 4.74 earnings per share for the current fiscal year.
CNO Financial Group Dividend Announcement
Hedge Funds Weigh In On CNO Financial Group
Institutional investors have recently bought and sold shares of the business. Nykredit A S bought a new stake in CNO Financial Group in the second quarter valued at approximately $39,000. EverSource Wealth Advisors LLC lifted its position in shares of CNO Financial Group by 123.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,176 shares of the financial services provider’s stock valued at $45,000 after buying an additional 649 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of CNO Financial Group by 75.4% during the 1st quarter. Bessemer Group Inc. now owns 1,133 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 487 shares during the period. Osaic Holdings Inc. boosted its stake in shares of CNO Financial Group by 39.2% during the 2nd quarter. Osaic Holdings Inc. now owns 1,194 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 336 shares during the period. Finally, Versant Capital Management Inc increased its holdings in shares of CNO Financial Group by 72.0% during the 2nd quarter. Versant Capital Management Inc now owns 1,132 shares of the financial services provider’s stock worth $58,000 after acquiring an additional 474 shares during the last quarter. Institutional investors and hedge funds own 95.43% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on CNO. Wall Street Zen upgraded shares of CNO Financial Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Jefferies Financial Group downgraded shares of CNO Financial Group from a “buy” rating to a “hold” rating and increased their price objective for the stock from $53.00 to $55.00 in a research note on Friday, July 10th. Weiss Ratings upgraded CNO Financial Group from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, August 11th. Keefe, Bruyette & Woods upped their target price on CNO Financial Group from $53.00 to $57.00 and gave the stock a “market perform” rating in a report on Monday, August 3rd. Finally, Evercore set a $48.00 price target on CNO Financial Group and gave the company an “in-line” rating in a research report on Monday, June 1st. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, CNO Financial Group presently has an average rating of “Hold” and a consensus target price of $56.00.
Check Out Our Latest Research Report on CNO Financial Group
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.
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