CNO Financial Group, Inc. (NYSE:CNO) Insider Yvonne K. Franzese Sells 2,097 Shares

CNO Financial Group, Inc. (NYSE:CNO) insider Yvonne K. Franzese sold 2,097 shares of CNO Financial Group stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $42.56, for a total transaction of $89,248.32. Following the completion of the transaction, the insider now directly owns 30,321 shares in the company, valued at $1,290,461.76. The trade was a 6.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

CNO Financial Group Price Performance

Shares of CNO opened at $42.34 on Thursday. The company has a current ratio of 0.22, a quick ratio of 0.19 and a debt-to-equity ratio of 1.61. The stock’s 50 day moving average is $40.32 and its two-hundred day moving average is $37.93. CNO Financial Group, Inc. has a twelve month low of $24.92 and a twelve month high of $43.20. The firm has a market capitalization of $4.25 billion, a PE ratio of 11.32 and a beta of 1.02.

CNO Financial Group (NYSE:CNO) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate 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 anticipate that CNO Financial Group, Inc. will post 3.83 earnings per share for the current year.

CNO Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were given a dividend of $0.16 per share. The ex-dividend date was Monday, March 10th. This represents a $0.64 annualized dividend and a yield of 1.51%. CNO Financial Group’s payout ratio is currently 17.11%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CNO. Jones Financial Companies Lllp boosted its stake in shares of CNO Financial Group by 368.2% during 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 in the last quarter. Smartleaf Asset Management LLC raised its holdings 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 purchasing an additional 417 shares during the last quarter. Principal Securities Inc. boosted 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 in the last quarter. Quarry LP grew its holdings in 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 last quarter. Finally, Headlands Technologies LLC increased its position 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 valued at $50,000 after buying an additional 881 shares in the last quarter. 95.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on CNO shares. Royal Bank of Canada lifted their price objective 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. Piper Sandler restated an “overweight” rating and issued a $46.00 price target (up previously from $44.00) on shares of CNO Financial Group in a research report on Monday, February 10th. Keefe, Bruyette & Woods upped their price objective on CNO Financial Group from $42.00 to $44.00 and gave the company a “market perform” rating in a research note on Wednesday, February 12th. Jefferies Financial Group lifted 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, BMO Capital Markets started 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $40.50.

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.