CNO Financial Group, Inc. (NYSE:CNO) CMO Rocco F. Tarasi III Sells 1,484 Shares

CNO Financial Group, Inc. (NYSE:CNO - Get Free Report) CMO Rocco F. Tarasi III sold 1,484 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $38.02, for a total transaction of $56,421.68. Following the sale, the chief marketing officer now owns 79,896 shares of the company's stock, valued at $3,037,645.92. This trade represents a 1.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

CNO Financial Group Trading Down 4.7 %

Shares of NYSE:CNO traded down $1.76 during trading on Wednesday, hitting $35.76. 900,644 shares of the company's stock were exchanged, compared to its average volume of 733,476. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 1.50. The firm has a market cap of $3.69 billion, a P/E ratio of 14.42 and a beta of 1.02. The firm has a 50-day moving average price of $37.59 and a two-hundred day moving average price of $33.51. CNO Financial Group, Inc. has a 1-year low of $24.92 and a 1-year high of $40.91.

CNO Financial Group (NYSE:CNO - Get Free Report) last released its earnings results on Thursday, October 31st. The financial services provider reported $1.11 EPS for the quarter, topping analysts' consensus estimates of $0.82 by $0.29. CNO Financial Group had a net margin of 6.06% and a return on equity of 17.53%. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $945.44 million. During the same quarter in the previous year, the business earned $0.88 EPS. The business's quarterly revenue was up 19.2% compared to the same quarter last year. Equities analysts predict that CNO Financial Group, Inc. will post 3.73 earnings per share for the current year.

CNO Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Tuesday, December 10th. CNO Financial Group's payout ratio is presently 25.81%.

Hedge Funds Weigh In On CNO Financial Group

A number of hedge funds and other institutional investors have recently made changes to their positions in CNO. CWM LLC raised its stake in shares of CNO Financial Group by 64.1% in the 2nd quarter. CWM LLC now owns 1,144 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 447 shares during the period. Quarry LP grew its holdings in shares of CNO Financial Group by 123.2% during the second quarter. Quarry LP now owns 1,694 shares of the financial services provider's stock worth $47,000 after buying an additional 935 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of CNO Financial Group by 141.8% during the third quarter. GAMMA Investing LLC now owns 1,985 shares of the financial services provider's stock worth $70,000 after buying an additional 1,164 shares in the last quarter. Blue Trust Inc. raised its position in CNO Financial Group by 25.4% in the 2nd quarter. Blue Trust Inc. now owns 2,384 shares of the financial services provider's stock valued at $66,000 after buying an additional 483 shares during the last quarter. Finally, Point72 DIFC Ltd bought a new stake in CNO Financial Group in the 2nd quarter valued at approximately $89,000. 95.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CNO has been the subject of a number of recent analyst reports. Piper Sandler raised their price target on CNO Financial Group from $42.00 to $44.00 and gave the company an "overweight" rating in a report on Wednesday. Royal Bank of Canada upped their target price on shares of CNO Financial Group from $38.00 to $40.00 and gave the stock an "outperform" rating in a research report on Monday, November 4th. Finally, Jefferies Financial Group raised their price target on shares of CNO Financial Group from $36.00 to $41.00 and gave the company a "hold" rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, CNO Financial Group presently has an average rating of "Hold" and an average target price of $37.00.

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.

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