CNO Financial Group, Inc. (NYSE:CNO) Insider Jeremy David Williams Sells 4,783 Shares

CNO Financial Group, Inc. (NYSE:CNO) insider Jeremy David Williams sold 4,783 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $40.09, for a total transaction of $191,750.47. Following the transaction, the insider now directly owns 62,121 shares in the company, valued at $2,490,430.89. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

CNO Financial Group Stock Performance

NYSE:CNO opened at $39.56 on Wednesday. The firm has a market capitalization of $4.18 billion, a PE ratio of 15.95 and a beta of 1.01. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 1.50. CNO Financial Group, Inc. has a 12-month low of $24.24 and a 12-month high of $40.29. The firm has a 50-day moving average price of $35.09 and a 200 day moving average price of $31.54.

CNO Financial Group (NYSE:CNO) last posted its earnings results on Thursday, October 31st. The financial services provider reported $1.11 EPS for the quarter, topping the consensus estimate of $0.82 by $0.29. CNO Financial Group had a return on equity of 17.53% and a net margin of 6.06%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $945.44 million. During the same quarter last year, the company earned $0.88 EPS. CNO Financial Group’s revenue was up 19.2% on a year-over-year basis. Research analysts anticipate that CNO Financial Group, Inc. will post 3.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Piper Sandler boosted their price objective on shares of CNO Financial Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Evercore ISI boosted their price target on CNO Financial Group from $27.00 to $29.00 and gave the company an “underperform” rating in a research note on Wednesday, July 31st. Finally, Royal Bank of Canada raised their price objective on CNO Financial Group from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $34.50.

Institutional Investors Weigh In On CNO Financial Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Algert Global LLC increased its position in shares of CNO Financial Group by 55.0% during the 3rd quarter. Algert Global LLC now owns 148,401 shares of the financial services provider’s stock worth $5,209,000 after purchasing an additional 52,659 shares in the last quarter. Cerity Partners LLC increased its holdings in shares of CNO Financial Group by 53.1% during the third quarter. Cerity Partners LLC now owns 12,040 shares of the financial services provider’s stock worth $423,000 after buying an additional 4,178 shares in the last quarter. Citigroup Inc. increased its holdings in shares of CNO Financial Group by 78.0% during the third quarter. Citigroup Inc. now owns 129,925 shares of the financial services provider’s stock worth $4,560,000 after buying an additional 56,932 shares in the last quarter. Intech Investment Management LLC raised its stake in shares of CNO Financial Group by 52.5% in the third quarter. Intech Investment Management LLC now owns 25,621 shares of the financial services provider’s stock valued at $899,000 after acquiring an additional 8,815 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board acquired a new position in shares of CNO Financial Group in the 3rd quarter worth approximately $227,000. Institutional investors and hedge funds own 95.43% of the company’s stock.

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.