CNO Financial Group, Inc. (NYSE:CNO) CMO Sells $56,421.68 in Stock

CNO Financial Group, Inc. (NYSE:CNO) CMO Rocco F. Tarasi III sold 1,484 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $38.02, for a total value of $56,421.68. Following the completion of the transaction, the chief marketing officer now directly owns 79,896 shares in the company, valued at $3,037,645.92. This trade represents a 1.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

CNO Financial Group Stock Performance

Shares of CNO opened at $36.02 on Friday. The firm has a market capitalization of $3.72 billion, a P/E ratio of 14.52 and a beta of 1.02. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.19 and a quick ratio of 0.19. CNO Financial Group, Inc. has a one year low of $24.92 and a one year high of $40.91. The business has a fifty day moving average of $37.63 and a 200 day moving average of $33.53.

CNO Financial Group (NYSE:CNO) last released its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the company posted $0.88 EPS. The business’s quarterly revenue was up 19.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that CNO Financial Group, Inc. will post 3.73 EPS for the current year.

CNO Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $0.64 dividend on an annualized basis and a yield of 1.78%. CNO Financial Group’s dividend payout ratio is currently 25.81%.

Analyst Ratings Changes

Several research analysts have recently weighed in on CNO shares. Royal Bank of Canada boosted their price target on CNO Financial Group from $38.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Jefferies Financial Group boosted their target price on CNO Financial Group from $36.00 to $41.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. Finally, Piper Sandler raised their price target on shares of CNO Financial Group from $42.00 to $44.00 and gave the company an “overweight” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $37.00.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CNO. American Century Companies Inc. raised its stake in shares of CNO Financial Group by 19.4% in the second quarter. American Century Companies Inc. now owns 2,117,416 shares of the financial services provider’s stock worth $58,695,000 after buying an additional 343,819 shares during the period. Principal Financial Group Inc. increased its holdings in CNO Financial Group by 6.0% in the 3rd quarter. Principal Financial Group Inc. now owns 1,899,599 shares of the financial services provider’s stock worth $66,676,000 after acquiring an additional 107,589 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in CNO Financial Group by 300.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,199,040 shares of the financial services provider’s stock worth $42,086,000 after acquiring an additional 899,990 shares during the period. FMR LLC lifted its holdings 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 valued at $36,526,000 after purchasing an additional 232,631 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of CNO Financial Group by 455.1% in the second quarter. Victory Capital Management Inc. now owns 777,271 shares of the financial services provider’s stock worth $21,546,000 after purchasing an additional 637,254 shares during the period. 95.43% of the stock is currently owned by institutional investors.

About CNO Financial Group

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.