Karen Detoro Sells 5,964 Shares of CNO Financial Group (NYSE:CNO) Stock

CNO Financial Group, Inc. (NYSE:CNO) insider Karen DeToro sold 5,964 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $55.12, for a total value of $328,735.68. Following the completion of the transaction, the insider directly owned 36,450 shares of the company’s stock, valued at $2,009,124. The trade was a 14.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CNO Financial Group Stock Up 2.5%

CNO opened at $56.71 on Friday. The business’s fifty day moving average is $53.76 and its two-hundred day moving average is $47.77. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.17 and a current ratio of 0.17. The company has a market cap of $5.25 billion, a price-to-earnings ratio of 19.49 and a beta of 0.80. CNO Financial Group, Inc. has a one year low of $38.22 and a one year high of $57.59.

CNO Financial Group (NYSE:CNO) last posted its earnings results on Thursday, July 30th. The financial services provider reported $1.26 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.29. CNO Financial Group had a return on equity of 18.76% and a net margin of 6.02%.The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $999.45 million. During the same quarter in the prior year, the company earned $0.87 earnings per share. CNO Financial Group’s revenue was up 11.6% compared to the same quarter last year. Analysts anticipate that CNO Financial Group, Inc. will post 4.74 EPS for the current fiscal year.

CNO Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th will be given a dividend of $0.18 per share. The ex-dividend date is Thursday, September 10th. This represents a $0.72 dividend on an annualized basis and a yield of 1.3%. CNO Financial Group’s payout ratio is presently 24.74%.

Analyst Ratings Changes

Several analysts have recently commented on CNO shares. Jefferies Financial Group lowered shares of CNO Financial Group from a “buy” rating to a “hold” rating and increased their price target for the company from $53.00 to $55.00 in a research report on Friday, July 10th. Evercore set a $48.00 target price on CNO Financial Group and gave the company an “in-line” rating in a research note on Monday, June 1st. Wall Street Zen upgraded CNO Financial Group from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Keefe, Bruyette & Woods raised their price target on CNO Financial Group from $53.00 to $57.00 and gave the stock a “market perform” rating in a research report on Monday, August 3rd. Finally, Weiss Ratings raised CNO Financial Group from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, August 11th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $56.00.

Hedge Funds Weigh In On CNO Financial Group

A number of institutional investors have recently modified their holdings of CNO. Louisiana State Employees Retirement System purchased a new position in CNO Financial Group during the first quarter worth about $1,125,000. Callan Family Office LLC purchased a new stake in CNO Financial Group in the 2nd quarter valued at about $1,089,000. BlackRock Inc. acquired a new position in shares of CNO Financial Group during the 2nd quarter valued at about $682,433,000. Hsbc Holdings PLC increased its stake in shares of CNO Financial Group by 102.1% during the 4th quarter. Hsbc Holdings PLC now owns 45,025 shares of the financial services provider’s stock valued at $1,914,000 after acquiring an additional 22,749 shares during the last quarter. Finally, Deutsche Bank AG purchased a new position in shares of CNO Financial Group during the 2nd quarter worth about $6,545,000. Institutional investors and hedge funds own 95.43% of the company’s stock.

CNO Financial Group News Roundup

Here are the key news stories impacting CNO Financial Group this week:

• Positive Sentiment: CNO’s investor briefing highlighted growth strategies and operating momentum in its worksite and Medicare businesses, offering investors greater visibility into potential expansion and future earnings. CNO Financial Highlights Growth in Worksite and Medicare Operations
• Positive Sentiment: The company recently reported quarterly earnings of $1.26 per share, well above the $0.97 analyst consensus, while revenue of $1.29 billion exceeded expectations and increased 11.6% year over year. Analysts expect approximately $4.74 in full-year EPS, supporting the stock’s valuation and recent strength.
• Positive Sentiment: CNO declared a quarterly dividend of $0.18 per share, equivalent to $0.72 annually and a yield of about 1.3%. The dividend’s payout ratio of roughly 24.7% suggests room to maintain the distribution if earnings remain solid. CNO Financial Group stock information
• Neutral Sentiment: Analyst sentiment remains mixed: CNO has two Buy ratings and three Hold ratings, with a consensus price target near $56. Several firms have recently raised their targets, including Capital One Financial at $70, but the average target implies limited upside from recent trading levels.
• Negative Sentiment: Insiders Karen J. Detoro and Jeanne L. Linnenbringer sold a combined approximately 39,213 shares worth about $2.15 million between August 31 and September 2. The transactions reduced their holdings and could create a modest overhang, although all sales were made under pre-arranged Rule 10b5-1 plans, making them less indicative of a new negative view on the business. Karen J. Detoro SEC Form 4 Jeanne L. Linnenbringer SEC Form 4

About CNO Financial Group

CNO Financial Group is an Indiana?based holding company that offers a range of insurance and retirement solutions through its operating subsidiaries. Its primary business activities include life insurance, annuities, and supplemental health insurance products designed to help individuals plan for retirement and manage health?related expenses. The company serves middle?income Americans, with particular emphasis on senior customers seeking guaranteed coverage and reliable income streams.

Originally founded as Conseco in 1979, the company underwent a financial restructuring and rebranded as CNO Financial Group in 2010.