Matthew J. Zimpfer Sells 40,800 Shares of CNO Financial Group, Inc. (NYSE:CNO) Stock

CNO Financial Group, Inc. (NYSE:CNO) General Counsel Matthew J. Zimpfer sold 40,800 shares of CNO Financial Group stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $41.49, for a total transaction of $1,692,792.00. Following the transaction, the general counsel now directly owns 244,943 shares in the company, valued at approximately $10,162,685.07. The trade was a 14.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

CNO Financial Group Trading Down 2.0 %

NYSE:CNO opened at $39.81 on Friday. CNO Financial Group, Inc. has a 12 month low of $24.92 and a 12 month high of $42.02. The firm has a fifty day simple moving average of $38.72 and a 200-day simple moving average of $36.73. The company has a current ratio of 0.22, a quick ratio of 0.19 and a debt-to-equity ratio of 1.61. The company has a market capitalization of $4.11 billion, a P/E ratio of 10.64 and a beta of 1.04.

CNO Financial Group (NYSE:CNO) last posted its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.31 EPS for the quarter, topping the consensus estimate of $1.06 by $0.25. CNO Financial Group had a net margin of 9.08% and a return on equity of 17.20%. On average, equities research analysts anticipate that CNO Financial Group, Inc. will post 3.83 earnings per share for the current year.

CNO Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.64 annualized dividend and a dividend yield of 1.61%. CNO Financial Group’s payout ratio is currently 17.11%.

Wall Street Analysts Forecast Growth

CNO has been the topic of several research reports. Royal Bank of Canada lifted their price objective on shares of CNO Financial Group from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, February 10th. Piper Sandler reaffirmed an “overweight” rating and issued a $46.00 price target (up from $44.00) on shares of CNO Financial Group in a report on Monday, February 10th. Jefferies Financial Group lifted their price target 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. Keefe, Bruyette & Woods lifted their price target on shares of CNO Financial Group from $42.00 to $44.00 and gave the stock a “market perform” rating in a report on Wednesday, February 12th. Finally, BMO Capital Markets started coverage on shares of CNO Financial Group in a report on Thursday, January 23rd. They issued a “market perform” rating and a $38.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $40.50.

Institutional Investors Weigh In On CNO Financial Group

Several institutional investors and hedge funds have recently made changes to their positions in the stock. CWM LLC lifted its position in CNO Financial Group by 53.0% during the third quarter. CWM LLC now owns 1,750 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 606 shares during the period. Blue Trust Inc. lifted its position in CNO Financial Group by 163.1% during the third quarter. Blue Trust Inc. now owns 6,273 shares of the financial services provider’s stock valued at $220,000 after purchasing an additional 3,889 shares during the period. Assenagon Asset Management S.A. lifted its position in CNO Financial Group by 300.9% during the third quarter. Assenagon Asset Management S.A. now owns 1,199,040 shares of the financial services provider’s stock valued at $42,086,000 after purchasing an additional 899,990 shares during the period. DekaBank Deutsche Girozentrale lifted its position in CNO Financial Group by 11.9% during the third quarter. DekaBank Deutsche Girozentrale now owns 38,711 shares of the financial services provider’s stock valued at $1,313,000 after purchasing an additional 4,127 shares during the period. Finally, State of Alaska Department of Revenue lifted its position in CNO Financial Group by 3.5% during the third quarter. State of Alaska Department of Revenue now owns 12,290 shares of the financial services provider’s stock valued at $431,000 after purchasing an additional 415 shares during the period. 95.43% of the stock is currently owned by institutional investors and hedge funds.

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.