CNO Financial Group, Inc. (NYSE:CNO) Insider Scott L. Goldberg Sells 25,500 Shares

CNO Financial Group, Inc. (NYSE:CNO - Get Free Report) insider Scott L. Goldberg sold 25,500 shares of the firm's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $40.11, for a total transaction of $1,022,805.00. Following the sale, the insider now directly owns 169,342 shares of the company's stock, valued at approximately $6,792,307.62. The trade was a 13.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

CNO Financial Group Stock Performance

Shares of CNO Financial Group stock traded down $0.05 during trading hours on Friday, reaching $39.65. The company's stock had a trading volume of 612,872 shares, compared to its average volume of 651,619. The company's 50 day simple moving average is $39.43 and its 200 day simple moving average is $37.36. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.19 and a current ratio of 0.22. CNO Financial Group, Inc. has a one year low of $24.92 and a one year high of $42.41. The stock has a market cap of $4.00 billion, a P/E ratio of 10.60 and a beta of 1.02.

CNO Financial Group (NYSE:CNO - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.25. CNO Financial Group had a net margin of 9.08% and a return on equity of 17.20%. As a group, analysts expect 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 firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be given a $0.16 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.61%. CNO Financial Group's payout ratio is currently 17.11%.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CNO. Pacer Advisors Inc. lifted its position in CNO Financial Group by 58.7% in the 4th quarter. Pacer Advisors Inc. now owns 24,580 shares of the financial services provider's stock valued at $915,000 after purchasing an additional 9,096 shares during the last quarter. Principal Financial Group Inc. lifted its position in CNO Financial Group by 6.0% in the 3rd quarter. Principal Financial Group Inc. now owns 1,899,599 shares of the financial services provider's stock valued at $66,676,000 after purchasing an additional 107,589 shares during the last quarter. Allianz Asset Management GmbH lifted its position in CNO Financial Group by 1.3% in the 4th quarter. Allianz Asset Management GmbH now owns 848,407 shares of the financial services provider's stock valued at $31,569,000 after purchasing an additional 10,846 shares during the last quarter. BNP Paribas Financial Markets lifted its position in CNO Financial Group by 69.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 39,946 shares of the financial services provider's stock valued at $1,402,000 after purchasing an additional 16,420 shares during the last quarter. Finally, Congress Asset Management Co. lifted its position in CNO Financial Group by 5.9% in the 4th quarter. Congress Asset Management Co. now owns 157,004 shares of the financial services provider's stock valued at $5,842,000 after purchasing an additional 8,689 shares during the last quarter. 95.43% of the stock is currently owned by institutional investors.

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.