CNO Financial Group, Inc. (NYSE:CNO) Insider Yvonne K. Franzese Sells 2,013 Shares

CNO Financial Group, Inc. (NYSE:CNO) insider Yvonne K. Franzese sold 2,013 shares of the company’s stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $42.18, for a total transaction of $84,908.34. Following the completion of the transaction, the insider now owns 26,994 shares of the company’s stock, valued at approximately $1,138,606.92. The trade was a 6.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

CNO Financial Group Price Performance

CNO Financial Group stock traded down $0.81 during midday trading on Friday, reaching $41.46. 704,514 shares of the stock traded hands, compared to its average volume of 707,060. The stock has a market cap of $4.16 billion, a P/E ratio of 11.09 and a beta of 1.02. The stock’s fifty day moving average is $40.40 and its 200-day moving average is $37.96. 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, Inc. has a 12 month low of $24.92 and a 12 month high of $43.20.

CNO Financial Group (NYSE:CNO) last announced its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.25. CNO Financial Group had a net margin of 9.08% and a return on equity of 17.20%. As a group, equities research analysts anticipate that CNO Financial Group, Inc. will post 3.83 EPS for the current year.

CNO Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were paid a dividend of $0.16 per share. The ex-dividend date was Monday, March 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.54%. CNO Financial Group’s dividend payout ratio is presently 17.11%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. BMO Capital Markets assumed coverage on shares of CNO Financial Group in a research note on Thursday, January 23rd. They set a “market perform” rating and a $38.00 target price on the stock. Keefe, Bruyette & Woods boosted their price objective on 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. Piper Sandler reiterated an “overweight” rating and set a $46.00 target price (up previously from $44.00) on shares of CNO Financial Group in a research report on Monday, February 10th. Royal Bank of Canada boosted their price target on CNO Financial Group from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Finally, Jefferies Financial Group upped their price target on CNO Financial Group from $36.00 to $41.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, CNO Financial Group currently has an average rating of “Hold” and an average target price of $40.50.

Institutional Trading of CNO Financial Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CNO. Jones Financial Companies Lllp grew its stake in shares of CNO Financial Group by 368.2% during the fourth quarter. Jones Financial Companies Lllp now owns 796 shares of the financial services provider’s stock valued at $30,000 after buying an additional 626 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in CNO Financial Group by 95.2% in 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 period. Principal Securities Inc. lifted its position in shares of 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. Quarry LP boosted its stake in shares of CNO Financial Group by 137.8% during 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 period. Finally, Headlands Technologies LLC grew its holdings 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 worth $50,000 after purchasing an additional 881 shares during the last quarter. 95.43% of the stock is owned by hedge funds and other 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.