Yvonne K. Franzese Sells 8,109 Shares of CNO Financial Group, Inc. (NYSE:CNO) Stock

CNO Financial Group, Inc. (NYSE:CNO) insider Yvonne K. Franzese sold 8,109 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $42.00, for a total transaction of $340,578.00. Following the transaction, the insider now owns 38,540 shares in the company, valued at approximately $1,618,680. This trade represents a 17.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

CNO Financial Group Stock Performance

Shares of CNO stock opened at $42.24 on Friday. 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 stock has a 50 day simple moving average of $40.40 and a 200-day simple moving average of $37.96. The company has a market cap of $4.24 billion, a price-to-earnings ratio of 11.29 and a beta of 1.02. 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 released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.25. CNO Financial Group had a return on equity of 17.20% and a net margin of 9.08%. On average, equities analysts forecast that CNO Financial Group, Inc. will post 3.83 EPS for the current year.

CNO Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend was Monday, March 10th. CNO Financial Group’s dividend payout ratio (DPR) is 17.11%.

Wall Street Analyst Weigh In

CNO has been the topic of several research reports. Jefferies Financial Group raised their price objective on shares of CNO Financial Group from $36.00 to $41.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. BMO Capital Markets assumed coverage on CNO Financial Group in a research report on Thursday, January 23rd. They issued a “market perform” rating and a $38.00 price target on the stock. Piper Sandler reaffirmed an “overweight” rating and set a $46.00 price objective (up from $44.00) on shares of CNO Financial Group in a research report on Monday, February 10th. Keefe, Bruyette & Woods boosted their target price on CNO Financial Group from $42.00 to $44.00 and gave the company a “market perform” rating in a report on Wednesday, February 12th. Finally, Royal Bank of Canada increased 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, CNO Financial Group has a consensus rating of “Hold” and a consensus target price of $40.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CNO. GAMMA Investing LLC lifted its position in shares of CNO Financial Group by 15.3% during the 4th quarter. GAMMA Investing LLC now owns 2,289 shares of the financial services provider’s stock valued at $85,000 after acquiring an additional 304 shares during the period. Principal Securities Inc. raised its holdings in 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. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in CNO Financial Group by 1.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,647 shares of the financial services provider’s stock worth $795,000 after purchasing an additional 376 shares in the last quarter. Mariner LLC grew its holdings in CNO Financial Group by 6.7% in the fourth quarter. Mariner LLC now owns 6,116 shares of the financial services provider’s stock valued at $228,000 after purchasing an additional 385 shares during the last quarter. Finally, HighTower Advisors LLC increased its position in shares of CNO Financial Group by 5.3% in the fourth quarter. HighTower Advisors LLC now owns 7,873 shares of the financial services provider’s stock valued at $293,000 after buying an additional 394 shares in the last quarter. 95.43% of the stock is currently owned by institutional investors and hedge funds.

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.