CNO Financial Group, Inc. (NYSE:CNO) Insider Sells $340,578.00 in Stock

CNO Financial Group, Inc. (NYSE:CNO - Get Free Report) insider Yvonne K. Franzese sold 8,109 shares of the company's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $42.00, for a total value of $340,578.00. Following the completion of the transaction, the insider now directly owns 38,540 shares in the company, valued at $1,618,680. This represents a 17.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

CNO Financial Group Stock Down 1.9 %

Shares of NYSE CNO traded down $0.81 during trading hours on Friday, hitting $41.46. The stock had a trading volume of 704,562 shares, compared to its average volume of 706,293. The firm's 50-day moving average price is $40.45 and its two-hundred day moving average price is $38.10. CNO Financial Group, Inc. has a 52 week low of $24.92 and a 52 week high of $43.20. The company has a market capitalization of $4.16 billion, a P/E ratio of 11.09 and a beta of 1.02. 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 (NYSE:CNO - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.31 EPS for the quarter, beating analysts' consensus estimates of $1.06 by $0.25. CNO Financial Group had a return on equity of 17.20% and a net margin of 9.08%. Analysts anticipate that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

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CNO Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.54%. The ex-dividend date was Monday, March 10th. CNO Financial Group's dividend payout ratio is currently 17.11%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CNO. 111 Capital bought a new stake in CNO Financial Group during the fourth quarter valued at about $425,000. Wealth Enhancement Advisory Services LLC boosted its stake in CNO Financial Group by 16.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,957 shares of the financial services provider's stock valued at $482,000 after purchasing an additional 1,873 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in CNO Financial Group in the 4th quarter valued at approximately $15,093,000. Jefferies Financial Group Inc. bought a new position in CNO Financial Group in the 4th quarter worth approximately $896,000. Finally, Mackenzie Financial Corp lifted its holdings in shares of CNO Financial Group by 20.9% during the fourth quarter. Mackenzie Financial Corp now owns 29,173 shares of the financial services provider's stock worth $1,086,000 after buying an additional 5,045 shares during the last quarter. Institutional investors own 95.43% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Jefferies Financial Group increased their price target on CNO Financial Group from $36.00 to $41.00 and gave the company a "hold" rating in a research report on Tuesday, December 10th. Piper Sandler reiterated an "overweight" rating and issued a $46.00 target price (up from $44.00) on shares of CNO Financial Group 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 company a "market perform" rating in a report on Wednesday, February 12th. BMO Capital Markets started coverage on shares of 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, Royal Bank of Canada lifted their price objective 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $40.50.

CNO Financial Group Company Profile

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.