CNO Financial Group, Inc. (NYSE:CNO) Insider Jeremy David Williams Sells 11,300 Shares

CNO Financial Group, Inc. (NYSE:CNO - Get Free Report) insider Jeremy David Williams sold 11,300 shares of the business's stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $41.51, for a total value of $469,063.00. Following the sale, the insider now owns 65,299 shares of the company's stock, valued at $2,710,561.49. The trade was a 14.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Wednesday, April 2nd, Jeremy David Williams sold 3,393 shares of CNO Financial Group stock. The stock was sold at an average price of $41.77, for a total transaction of $141,725.61.

CNO Financial Group Stock Down 1.8 %

CNO Financial Group stock traded down $0.64 during midday trading on Monday, hitting $36.16. The stock had a trading volume of 1,302,167 shares, compared to its average volume of 676,954. The business has a fifty day moving average price of $40.61 and a 200 day moving average price of $38.34. CNO Financial Group, Inc. has a 12 month low of $24.92 and a 12 month high of $43.20. The stock has a market cap of $3.63 billion, a P/E ratio of 9.67 and a beta of 0.90. The company has a current ratio of 0.22, a quick ratio of 0.19 and a debt-to-equity ratio of 1.61.

CNO Financial Group (NYSE:CNO - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.31 earnings per share 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%. Research analysts predict that CNO Financial Group, Inc. will post 3.83 EPS for the current year.

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CNO Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.77%. The ex-dividend date was Monday, March 10th. CNO Financial Group's dividend payout ratio (DPR) is presently 17.11%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CNO shares. Piper Sandler boosted their price objective on CNO Financial Group from $46.00 to $49.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 2nd. BMO Capital Markets began coverage on shares of CNO Financial Group in a research report on Thursday, January 23rd. They issued a "market perform" rating and a $38.00 price objective for the company. Royal Bank of Canada upped 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. Jefferies Financial Group boosted their price objective on shares of CNO Financial Group from $36.00 to $41.00 and gave the stock a "hold" rating in a report on Tuesday, December 10th. Finally, Keefe, Bruyette & Woods lifted their target price on 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, CNO Financial Group presently has an average rating of "Hold" and an average target price of $41.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CNO. Jones Financial Companies Lllp grew its holdings 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 buying an additional 626 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in CNO Financial Group by 95.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 855 shares of the financial services provider's stock valued at $32,000 after buying an additional 417 shares during the period. Principal Securities Inc. raised its position in shares of CNO Financial Group by 51.6% during the 4th quarter. Principal Securities Inc. now owns 955 shares of the financial services provider's stock worth $36,000 after buying an additional 325 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of CNO Financial Group by 148.6% in the 1st quarter. Versant Capital Management Inc now owns 1,099 shares of the financial services provider's stock worth $46,000 after acquiring an additional 657 shares during the period. Finally, Quarry LP boosted its holdings in shares of CNO Financial Group by 137.8% in the fourth quarter. Quarry LP now owns 1,334 shares of the financial services provider's stock valued at $50,000 after acquiring an additional 773 shares in the last quarter. 95.43% of the stock is owned by institutional investors and hedge funds.

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.