CNO Financial Group, Inc. (NYSE:CNO – Get Free Report) insider Jeremy Williams sold 4,420 shares of CNO Financial Group stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $55.27, for a total value of $244,293.40. Following the completion of the sale, the insider directly owned 62,163 shares of the company’s stock, valued at $3,435,749.01. The trade was a 6.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
CNO Financial Group Stock Down 0.7%
CNO stock opened at $55.19 on Friday. The company has a market cap of $5.11 billion, a price-to-earnings ratio of 18.96 and a beta of 0.80. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.17 and a current ratio of 0.17. The business’s 50-day moving average is $54.48 and its two-hundred day moving average is $48.74. CNO Financial Group, Inc. has a fifty-two week low of $38.22 and a fifty-two 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.29. CNO Financial Group had a return on equity of 18.76% and a net margin of 6.02%.The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $999.45 million. During the same period in the previous year, the company posted $0.87 EPS. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. As a group, analysts forecast that CNO Financial Group, Inc. will post 4.74 earnings per share for the current year.
CNO Financial Group Announces Dividend
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on the company. Wall Street Zen upgraded CNO Financial Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Keefe, Bruyette & Woods boosted their price target on CNO Financial Group from $53.00 to $57.00 and gave the company a “market perform” rating in a report on Monday, August 3rd. Jefferies Financial Group cut CNO Financial Group from a “buy” rating to a “hold” rating and upped their price target for the stock from $53.00 to $55.00 in a research report on Friday, July 10th. Evercore set a $48.00 price objective on CNO Financial Group and gave the stock an “in-line” rating in a research note on Monday, June 1st. Finally, Capital One Financial set a $70.00 price objective on CNO Financial Group in a research note on Wednesday, August 26th. Two equities research 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 an average price target of $56.00.
Get Our Latest Stock Report on CNO
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. BlackRock Inc. bought a new position in CNO Financial Group during the second quarter valued at approximately $682,433,000. Pzena Investment Management LLC bought a new stake in CNO Financial Group in the 2nd quarter worth approximately $124,476,000. Bank of America Corp DE purchased a new stake in shares of CNO Financial Group during the 2nd quarter worth approximately $50,034,000. Bank of New York Mellon Corp purchased a new stake in shares of CNO Financial Group during the 2nd quarter worth approximately $44,529,000. Finally, Assenagon Asset Management S.A. boosted its position in shares of CNO Financial Group by 926.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 795,165 shares of the financial services provider’s stock valued at $40,538,000 after acquiring an additional 717,710 shares during the last quarter. Hedge funds and other institutional investors own 95.43% of the company’s stock.
CNO Financial Group Company Profile
CNO Financial Group, Inc is an insurance holding company headquartered in Carmel, Indiana. Through its operating companies, CNO provides insurance and related financial products designed primarily for middle-income Americans, including individuals and families approaching or living in retirement.
CNO’s businesses include Bankers Life, which offers life insurance, annuities and long-term care products through agents; Colonial Penn, which markets life insurance directly to consumers; and Washington National, which provides supplemental health and life insurance products.
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