CNO Financial Group, Inc. (NYSE:CNO) Insider Yvonne K. Franzese Sells 2,013 Shares

CNO Financial Group, Inc. (NYSE:CNO - Get Free Report) insider Yvonne K. Franzese sold 2,013 shares of the business's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $42.18, for a total value of $84,908.34. Following the completion of the transaction, the insider now directly owns 26,994 shares of the company's stock, valued at approximately $1,138,606.92. This trade represents a 6.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

CNO Financial Group Stock Performance

Shares of NYSE:CNO traded up $0.36 during mid-day trading on Tuesday, reaching $42.01. 705,072 shares of the company traded hands, compared to its average volume of 707,960. The company's 50 day moving average price is $40.57 and its 200-day moving average price is $38.23. The firm has a market cap of $4.21 billion, a PE ratio of 11.23 and a beta of 1.02. CNO Financial Group, Inc. has a 52 week low of $24.92 and a 52 week high of $43.20. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.22 and a quick ratio of 0.19.

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 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%. On average, equities 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 was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were paid a $0.16 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.64 dividend on an annualized basis and a yield of 1.52%. CNO Financial Group's payout ratio is presently 17.11%.

Wall Street Analyst Weigh In

CNO has been the subject of a number of research reports. Royal Bank of Canada boosted their target price 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. Keefe, Bruyette & Woods increased their target price on 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 began coverage on CNO Financial Group in a research note 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 stock a "hold" rating in a research note on Tuesday, December 10th. Finally, Piper Sandler restated an "overweight" rating and set a $46.00 target price (up from $44.00) on shares of CNO Financial Group in a research report on Monday, February 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $40.50.

Institutional Investors Weigh In On CNO Financial Group

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