CNO Financial Group, Inc. (NYSE:CNO) Insider Scott L. Goldberg Sells 25,500 Shares

CNO Financial Group, Inc. (NYSE:CNO - Get Free Report) insider Scott L. Goldberg sold 25,500 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $40.02, for a total transaction of $1,020,510.00. Following the sale, the insider now owns 169,342 shares in the company, valued at $6,777,066.84. This represents a 13.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

CNO Financial Group Stock Down 0.1 %

CNO stock traded down $0.05 during trading hours on Friday, hitting $39.65. The company's stock had a trading volume of 612,872 shares, compared to its average volume of 651,619. The company has a quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 1.61. The company has a market capitalization of $4.00 billion, a PE ratio of 10.60 and a beta of 1.02. CNO Financial Group, Inc. has a 12 month low of $24.92 and a 12 month high of $42.41. The stock has a 50 day moving average price of $39.43 and a two-hundred day moving average price of $37.36.

CNO Financial Group (NYSE:CNO - Get Free Report) last posted its earnings results on Thursday, February 6th. The financial services provider reported $1.31 EPS for the quarter, topping 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%. On average, equities research analysts expect that CNO Financial Group, Inc. will post 3.83 earnings per share for the current year.

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CNO Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Monday, March 10th. CNO Financial Group's dividend payout ratio is currently 17.11%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CNO. Piper Sandler restated an "overweight" rating and set a $46.00 price target (up previously from $44.00) on shares of CNO Financial Group in a report on Monday, February 10th. Royal Bank of Canada boosted their price target 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. Jefferies Financial Group boosted their price target on shares of CNO Financial Group from $36.00 to $41.00 and gave the company a "hold" rating in a report on Tuesday, December 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. Finally, BMO Capital Markets started coverage on shares of CNO Financial Group in a research report on Thursday, January 23rd. They set 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 issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, CNO Financial Group presently has an average rating of "Hold" and a consensus price target of $40.50.

Institutional Trading of CNO Financial Group

Several large investors have recently modified their holdings of the company. GAMMA Investing LLC boosted its holdings in shares of CNO Financial Group by 15.3% during the 4th quarter. GAMMA Investing LLC now owns 2,289 shares of the financial services provider's stock worth $85,000 after buying an additional 304 shares during the period. Principal Securities Inc. boosted its holdings 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 during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of CNO Financial Group by 1.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,647 shares of the financial services provider's stock worth $795,000 after buying an additional 376 shares during the period. Mariner LLC boosted its holdings in shares of CNO Financial Group by 6.7% during the 4th quarter. Mariner LLC now owns 6,116 shares of the financial services provider's stock worth $228,000 after buying an additional 385 shares during the period. Finally, HighTower Advisors LLC boosted its holdings in shares of CNO Financial Group by 5.3% during the 4th quarter. HighTower Advisors LLC now owns 7,873 shares of the financial services provider's stock worth $293,000 after buying an additional 394 shares during the period. 95.43% of the stock is owned by institutional investors.

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.