Matthew J. Zimpfer Sells 40,800 Shares of CNO Financial Group, Inc. (NYSE:CNO) Stock

CNO Financial Group, Inc. (NYSE:CNO - Get Free Report) General Counsel Matthew J. Zimpfer sold 40,800 shares of the company's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $41.49, for a total value of $1,692,792.00. Following the sale, the general counsel now directly owns 244,943 shares in the company, valued at $10,162,685.07. This represents a 14.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

CNO Financial Group Stock Performance

Shares of CNO stock traded up $0.11 during mid-day trading on Tuesday, hitting $40.25. 677,369 shares of the stock were exchanged, compared to its average volume of 545,099. The stock's fifty day simple moving average is $38.75 and its two-hundred day simple moving average is $36.83. 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 12-month low of $24.92 and a 12-month high of $42.02. The stock has a market capitalization of $4.15 billion, a price-to-earnings ratio of 10.76 and a beta of 1.04.

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 (EPS) for the quarter, topping 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%. On average, analysts forecast that CNO Financial Group, Inc. will post 3.83 EPS for the current year.

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CNO Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.59%. CNO Financial Group's payout ratio is 17.11%.

Institutional Trading of CNO Financial Group

A number of large investors have recently bought and sold shares of CNO. Jones Financial Companies Lllp raised its holdings in shares of CNO Financial Group by 368.2% in the fourth quarter. Jones Financial Companies Lllp now owns 796 shares of the financial services provider's stock valued at $30,000 after buying an additional 626 shares during the last quarter. Smartleaf Asset Management LLC raised 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 acquiring an additional 417 shares during the last quarter. Principal Securities Inc. lifted its position 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 worth $36,000 after acquiring an additional 325 shares during the period. Headlands Technologies LLC grew its stake in shares of CNO Financial Group by 193.2% in the 4th quarter. Headlands Technologies LLC now owns 1,337 shares of the financial services provider's stock valued at $50,000 after purchasing an additional 881 shares during the last quarter. Finally, Quarry LP increased 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 purchasing an additional 773 shares during the period. Institutional investors and hedge funds own 95.43% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on CNO. Royal Bank of Canada raised their target price on shares of CNO Financial Group from $40.00 to $45.00 and gave the company an "outperform" rating in a report on Monday, February 10th. Keefe, Bruyette & Woods lifted their price objective 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 reissued an "overweight" rating and issued a $46.00 target price (up previously from $44.00) on shares of CNO Financial Group in a report on Monday, February 10th. Jefferies Financial Group lifted their price target on CNO Financial Group from $36.00 to $41.00 and gave the stock a "hold" rating in a report on Tuesday, December 10th. Finally, BMO Capital Markets started coverage on CNO Financial Group in a report on Thursday, January 23rd. They issued a "market perform" rating and a $38.00 price objective on the stock. One 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. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $40.50.

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.