Insider Selling: CNO Financial Group, Inc. (NYSE:CNO) Insider Sells 3,393 Shares of Stock

CNO Financial Group, Inc. (NYSE:CNO - Get Free Report) insider Jeremy David Williams sold 3,393 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $41.77, for a total value of $141,725.61. Following the sale, the insider now directly owns 56,599 shares in the company, valued at approximately $2,364,140.23. This represents a 5.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Jeremy David Williams also recently made the following trade(s):

• On Monday, March 31st, Jeremy David Williams sold 11,300 shares of CNO Financial Group stock. The stock was sold at an average price of $41.51, for a total transaction of $469,063.00.

CNO Financial Group Stock Performance

Shares of CNO stock traded down $0.64 during trading on Monday, reaching $36.16. 1,302,167 shares of the company's stock were exchanged, compared to its average volume of 676,954. The firm's fifty day moving average price is $40.61 and its 200-day moving average price is $38.34. CNO Financial Group, Inc. has a twelve month low of $24.92 and a twelve month high of $43.20. The stock has a market capitalization of $3.63 billion, a PE ratio of 9.67 and a beta of 0.90. The company has a quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 1.61.

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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, beating the consensus estimate 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, sell-side analysts anticipate that CNO Financial Group, Inc. will post 3.83 EPS for the current year.

CNO Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend was Monday, March 10th. CNO Financial Group's dividend payout ratio is 17.11%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on CNO shares. BMO Capital Markets initiated coverage on CNO Financial Group in a research note on Thursday, January 23rd. They issued a "market perform" rating and a $38.00 target price on the stock. Royal Bank of Canada increased their target price on shares of CNO Financial Group from $40.00 to $45.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. Keefe, Bruyette & Woods boosted their price target on shares of CNO Financial Group from $42.00 to $44.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 12th. Piper Sandler increased their price target on CNO Financial Group from $46.00 to $49.00 and gave the company an "overweight" rating in a research report on Wednesday, April 2nd. Finally, Jefferies Financial Group boosted their price target on CNO Financial Group from $36.00 to $41.00 and gave the stock a "hold" rating in a research report on Tuesday, December 10th. 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 company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $41.00.

Institutional Investors Weigh In On CNO Financial Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Citigroup Inc. increased its position in CNO Financial Group by 78.0% during the third quarter. Citigroup Inc. now owns 129,925 shares of the financial services provider's stock worth $4,560,000 after acquiring an additional 56,932 shares during the period. Cerity Partners LLC grew its position in shares of CNO Financial Group by 53.1% during the 3rd quarter. Cerity Partners LLC now owns 12,040 shares of the financial services provider's stock worth $423,000 after purchasing an additional 4,178 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of CNO Financial Group during the third quarter worth approximately $227,000. FMR LLC increased its holdings in shares of CNO Financial Group by 28.8% during the third quarter. FMR LLC now owns 1,040,619 shares of the financial services provider's stock worth $36,526,000 after purchasing an additional 232,631 shares during the period. Finally, BNP Paribas Financial Markets raised its position in shares of CNO Financial Group by 69.8% in the third quarter. BNP Paribas Financial Markets now owns 39,946 shares of the financial services provider's stock valued at $1,402,000 after buying an additional 16,420 shares in the last quarter. Institutional investors and hedge funds own 95.43% of the company's stock.

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.