CNO Financial Group, Inc. (NYSE:CNO) General Counsel Sells $1,636,080.00 in Stock

CNO Financial Group, Inc. (NYSE:CNO - Get Free Report) General Counsel Matthew J. Zimpfer sold 40,800 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $40.10, for a total value of $1,636,080.00. Following the transaction, the general counsel now directly owns 204,143 shares in the company, valued at $8,186,134.30. This represents a 16.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

CNO Financial Group Price Performance

Shares of CNO traded up $0.11 during mid-day trading on Tuesday, reaching $40.25. 677,369 shares of the company's stock were exchanged, compared to its average volume of 545,099. The company has a quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 1.61. CNO Financial Group, Inc. has a 52-week low of $24.92 and a 52-week high of $42.02. The company has a market cap of $4.15 billion, a price-to-earnings ratio of 10.76 and a beta of 1.04. The company has a 50-day simple moving average of $38.75 and a two-hundred day simple moving average of $36.83.

CNO Financial Group (NYSE:CNO - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.25. CNO Financial Group had a return on equity of 17.20% and a net margin of 9.08%. On average, sell-side analysts predict that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

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CNO Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be issued a $0.16 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.64 dividend on an annualized basis and a yield of 1.59%. CNO Financial Group's dividend payout ratio (DPR) is 17.11%.

Institutional Investors Weigh In On CNO Financial Group

Several hedge funds have recently modified their holdings of CNO. Jones Financial Companies Lllp raised its position in shares of CNO Financial Group by 368.2% in the fourth quarter. Jones Financial Companies Lllp now owns 796 shares of the financial services provider's stock valued at $30,000 after buying an additional 626 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in CNO Financial Group by 95.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 855 shares of the financial services provider's stock worth $32,000 after acquiring an additional 417 shares during the period. Principal Securities Inc. raised its holdings in CNO Financial Group by 51.6% in the 4th quarter. Principal Securities Inc. now owns 955 shares of the financial services provider's stock valued at $36,000 after acquiring an additional 325 shares during the last quarter. Headlands Technologies LLC lifted its stake in shares of CNO Financial Group by 193.2% during the 4th quarter. Headlands Technologies LLC now owns 1,337 shares of the financial services provider's stock worth $50,000 after purchasing an additional 881 shares during the period. Finally, Quarry LP lifted its stake in shares of CNO Financial Group by 137.8% during the 4th quarter. Quarry LP now owns 1,334 shares of the financial services provider's stock worth $50,000 after purchasing an additional 773 shares during the period. 95.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CNO shares. Royal Bank of Canada boosted their target price on shares of CNO Financial Group from $40.00 to $45.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. Jefferies Financial Group upped their target price on shares of CNO Financial Group from $36.00 to $41.00 and gave the stock a "hold" rating in a research report on Tuesday, December 10th. Keefe, Bruyette & Woods boosted their price target on CNO Financial Group from $42.00 to $44.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 12th. BMO Capital Markets assumed coverage on CNO Financial Group in a research note on Thursday, January 23rd. They issued a "market perform" rating and a $38.00 price objective for the company. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $46.00 price objective (up from $44.00) on shares of CNO Financial Group in a report on Monday, February 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $40.50.

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.