Insider Selling: CNO Financial Group, Inc. (NYSE:CNO) Insider Sells 3,393 Shares of Stock

CNO Financial Group, Inc. (NYSE:CNO) insider Jeremy David Williams sold 3,393 shares of CNO Financial Group stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $41.77, for a total transaction of $141,725.61. Following the sale, the insider now owns 56,599 shares in the company, valued at approximately $2,364,140.23. This represents a 5.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Jeremy David Williams also recently made the following trade(s):

• On Monday, March 31st, Jeremy David Williams sold 11,300 shares of CNO Financial Group stock. The shares were sold at an average price of $41.51, for a total transaction of $469,063.00.

CNO Financial Group Price Performance

Shares of CNO traded up $0.49 during trading hours on Wednesday, hitting $42.47. 505,469 shares of the company were exchanged, compared to its average volume of 707,156. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.22 and a quick ratio of 0.19. The company has a market capitalization of $4.26 billion, a PE ratio of 11.36 and a beta of 1.02. The firm has a fifty day simple moving average of $40.57 and a 200-day simple moving average of $38.23. CNO Financial Group, Inc. has a one year low of $24.92 and a one year high of $43.20.

CNO Financial Group (NYSE:CNO) 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.

CNO Financial Group Announces Dividend

The company also recently declared 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. The ex-dividend date was Monday, March 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.51%. CNO Financial Group’s dividend payout ratio is currently 17.11%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CNO. Jefferies Financial Group increased their price objective on shares of CNO Financial Group from $36.00 to $41.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Royal Bank of Canada increased their price target on CNO Financial Group from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. Keefe, Bruyette & Woods boosted their price objective on CNO Financial Group from $42.00 to $44.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 12th. BMO Capital Markets began coverage on CNO Financial Group in a report on Thursday, January 23rd. They issued a “market perform” rating and a $38.00 price objective for the company. Finally, Piper Sandler lifted their target price on CNO Financial Group from $46.00 to $49.00 and gave the stock an “overweight” rating in a report on Wednesday. One equities 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 company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $41.00.

Institutional Investors Weigh In On CNO Financial Group

Several hedge funds have recently made changes to their positions in CNO. Citigroup Inc. raised its stake in CNO Financial Group by 78.0% during the 3rd quarter. Citigroup Inc. now owns 129,925 shares of the financial services provider’s stock valued at $4,560,000 after purchasing an additional 56,932 shares during the period. Cerity Partners LLC raised its position in 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 valued at $423,000 after buying an additional 4,178 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in CNO Financial Group in the 3rd quarter worth about $227,000. FMR LLC boosted its position in CNO Financial Group by 28.8% during the 3rd quarter. FMR LLC now owns 1,040,619 shares of the financial services provider’s stock worth $36,526,000 after acquiring an additional 232,631 shares during the period. Finally, BNP Paribas Financial Markets grew its stake in CNO Financial Group by 69.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 39,946 shares of the financial services provider’s stock valued at $1,402,000 after acquiring an additional 16,420 shares in the last quarter. Hedge funds and other institutional investors 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.