CNO Financial Group (NYSE:CNO) Insider Sells $328,735.68 in Stock

CNO Financial Group, Inc. (NYSE:CNOGet Free Report) insider Karen Detoro sold 5,964 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $55.12, for a total transaction of $328,735.68. Following the sale, the insider directly owned 36,450 shares in the company, valued at approximately $2,009,124. The trade was a 14.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CNO Financial Group Stock Up 1.4%

Shares of CNO Financial Group stock traded up $0.79 during trading hours on Wednesday, hitting $55.33. The company had a trading volume of 672,027 shares, compared to its average volume of 722,595. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.17 and a quick ratio of 0.17. The company’s 50-day moving average is $53.61 and its two-hundred day moving average is $47.59. The company has a market cap of $5.12 billion, a P/E ratio of 19.01 and a beta of 0.80. CNO Financial Group, Inc. has a twelve month low of $38.22 and a twelve month high of $57.59.

CNO Financial Group (NYSE:CNOGet Free Report) last announced its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.26 EPS for the quarter, topping the consensus estimate of $0.97 by $0.29. CNO Financial Group had a net margin of 6.02% and a return on equity of 18.76%. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $999.45 million. During the same period last year, the business earned $0.87 EPS. CNO Financial Group’s revenue for the quarter was up 11.6% compared to the same quarter last year. Analysts anticipate that CNO Financial Group, Inc. will post 4.74 earnings per share for the current fiscal year.

CNO Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 10th. CNO Financial Group’s payout ratio is presently 24.74%.

Analyst Upgrades and Downgrades

CNO has been the topic of several research analyst reports. Keefe, Bruyette & Woods lifted their price target on CNO Financial Group from $53.00 to $57.00 and gave the stock a “market perform” rating in a research report on Monday, August 3rd. Jefferies Financial Group lowered shares of CNO Financial Group from a “buy” rating to a “hold” rating and raised their target price for the stock from $53.00 to $55.00 in a research report on Friday, July 10th. Weiss Ratings raised shares of CNO Financial Group from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, August 11th. Wall Street Zen upgraded shares of CNO Financial Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, Capital One Financial set a $70.00 price objective on shares of CNO Financial Group in a research report on Wednesday, August 26th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $56.00.

Get Our Latest Research Report on CNO

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CNO. Nykredit A S acquired a new stake in shares of CNO Financial Group during the second quarter worth $39,000. EverSource Wealth Advisors LLC increased its stake in CNO Financial Group by 123.1% in the 2nd 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 period. Bessemer Group Inc. raised its position in 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 buying an additional 487 shares during the last quarter. Osaic Holdings Inc. lifted its stake in shares of CNO Financial Group by 39.2% in 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 lifted its stake in shares of CNO Financial Group by 72.0% in 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 period. Institutional investors and hedge funds own 95.43% of the company’s stock.

About CNO Financial Group

(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.

Further Reading

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

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