Insider Selling: CNO Financial Group, Inc. (NYSE:CNO) Insider Sells 2,097 Shares of Stock

CNO Financial Group, Inc. (NYSE:CNO - Get Free Report) insider Yvonne K. Franzese sold 2,097 shares of the business's stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $42.56, for a total transaction of $89,248.32. Following the sale, the insider now directly owns 30,321 shares in the company, valued at approximately $1,290,461.76. This represents a 6.47 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

CNO Financial Group Trading Down 1.9 %

Shares of CNO traded down $0.81 on Friday, hitting $41.46. 704,562 shares of the stock traded hands, compared to its average volume of 706,293. CNO Financial Group, Inc. has a 1 year low of $24.92 and a 1 year high of $43.20. The stock's 50 day moving average is $40.45 and its two-hundred day moving average is $38.10. The firm 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 quick ratio of 0.19, a current ratio of 0.22 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, 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%. As a group, sell-side analysts predict 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 firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.64 annualized dividend and a yield of 1.54%. CNO Financial Group's dividend payout ratio (DPR) is presently 17.11%.

Institutional Trading of CNO Financial Group

A number of hedge funds have recently added to or reduced their stakes in CNO. GAMMA Investing LLC lifted 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 acquiring an additional 304 shares during the period. Principal Securities Inc. increased its position in CNO Financial Group by 51.6% during the fourth quarter. Principal Securities Inc. now owns 955 shares of the financial services provider's stock worth $36,000 after purchasing an additional 325 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in CNO Financial Group by 1.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,647 shares of the financial services provider's stock worth $795,000 after purchasing an additional 376 shares during the period. Mariner LLC boosted its holdings in shares of CNO Financial Group by 6.7% in the 4th quarter. Mariner LLC now owns 6,116 shares of the financial services provider's stock valued at $228,000 after purchasing an additional 385 shares during the last quarter. Finally, HighTower Advisors LLC grew its stake 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 valued at $293,000 after buying an additional 394 shares during the period. 95.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CNO shares. Keefe, Bruyette & Woods lifted 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 research report on Wednesday, February 12th. BMO Capital Markets initiated coverage on shares of CNO Financial Group in a report on Thursday, January 23rd. They set a "market perform" rating and a $38.00 target price for the company. Royal Bank of Canada raised 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 note on Monday, February 10th. Jefferies Financial Group upped their target price on CNO Financial Group from $36.00 to $41.00 and gave the company a "hold" rating in a research note on Tuesday, December 10th. Finally, Piper Sandler reissued an "overweight" rating and set a $46.00 price target (up previously from $44.00) on shares of CNO Financial Group in a research report on Monday, February 10th. 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 data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price 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.