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

CNO Financial Group, Inc. (NYSE:CNO) insider Jeremy David Williams sold 11,300 shares of the firm’s stock in a transaction on Monday, March 31st. The stock was sold at an average price of $41.51, for a total value of $469,063.00. Following the completion of the sale, the insider now directly owns 65,299 shares of the company’s stock, valued at $2,710,561.49. This represents a 14.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 value of $141,725.61.

CNO Financial Group Stock Performance

NYSE CNO opened at $42.47 on Thursday. The company’s 50 day simple moving average is $40.63 and its two-hundred day simple moving average is $38.26. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.22 and a quick ratio of 0.19. CNO Financial Group, Inc. has a 1 year low of $24.92 and a 1 year high of $43.20. The stock has a market capitalization of $4.26 billion, a PE ratio of 11.36 and a beta of 1.02.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings data 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%. Analysts predict that CNO Financial Group, Inc. will post 3.83 earnings per share for the current fiscal year.

CNO Financial Group Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Fuller & Thaler Asset Management Inc. grew its stake in CNO Financial Group by 3.1% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 4,285,783 shares of the financial services provider’s stock worth $159,474,000 after buying an additional 130,342 shares in the last quarter. American Century Companies Inc. grew its position in CNO Financial Group by 11.7% in the fourth quarter. American Century Companies Inc. now owns 2,687,861 shares of the financial services provider’s stock worth $100,015,000 after acquiring an additional 282,611 shares in the last quarter. Principal Financial Group Inc. increased its stake in CNO Financial Group by 6.0% in the third quarter. Principal Financial Group Inc. now owns 1,899,599 shares of the financial services provider’s stock valued at $66,676,000 after acquiring an additional 107,589 shares during the last quarter. JPMorgan Chase & Co. increased its stake in CNO Financial Group by 41.3% in the fourth quarter. JPMorgan Chase & Co. now owns 1,274,370 shares of the financial services provider’s stock valued at $47,419,000 after acquiring an additional 372,701 shares during the last quarter. Finally, FMR LLC lifted its stake in CNO Financial Group by 28.8% during the third quarter. FMR LLC now owns 1,040,619 shares of the financial services provider’s stock worth $36,526,000 after purchasing an additional 232,631 shares during the last quarter. 95.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. BMO Capital Markets began 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 target price for the company. Jefferies Financial Group raised 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. Piper Sandler lifted their price objective on shares of CNO Financial Group from $46.00 to $49.00 and gave the company an “overweight” rating in a research note on Wednesday. Keefe, Bruyette & Woods increased 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. Finally, Royal Bank of Canada lifted their price target on CNO Financial Group from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $41.00.

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.