CNO Financial Group (NYSE:CNO) Insider Jeremy Williams Sells 4,420 Shares of Stock

CNO Financial Group, Inc. (NYSE:CNO) insider Jeremy Williams sold 4,420 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $55.27, for a total value of $244,293.40. Following the transaction, the insider owned 62,163 shares of the company’s stock, valued at approximately $3,435,749.01. This trade represents a 6.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CNO Financial Group Stock Down 0.4%

Shares of NYSE:CNO opened at $55.49 on Thursday. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 1.65. The company has a fifty day simple moving average of $54.36 and a 200 day simple moving average of $48.60. The firm has a market cap of $5.13 billion, a PE ratio of 19.07 and a beta of 0.80. CNO Financial Group, Inc. has a 12-month low of $38.22 and a 12-month high of $57.59.

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

CNO Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.72 annualized dividend and a dividend yield of 1.3%. CNO Financial Group’s dividend payout ratio (DPR) is presently 24.74%.

Institutional Investors Weigh In On CNO Financial Group

A number of hedge funds have recently made changes to their positions in CNO. BlackRock Inc. bought a new stake in shares of CNO Financial Group in the 2nd quarter worth $682,433,000. Pzena Investment Management LLC bought a new position in CNO Financial Group during the second quarter valued at about $124,476,000. Bank of America Corp DE bought a new position in CNO Financial Group during the second quarter valued at about $50,034,000. Bank of New York Mellon Corp acquired a new position in CNO Financial Group during the second quarter worth about $44,529,000. Finally, Assenagon Asset Management S.A. grew its holdings in CNO Financial Group by 926.6% during the second quarter. Assenagon Asset Management S.A. now owns 795,165 shares of the financial services provider’s stock worth $40,538,000 after acquiring an additional 717,710 shares during the period. Institutional investors own 95.43% of the company’s stock.

Wall Street Analyst Weigh In

CNO has been the subject of several research analyst reports. Wall Street Zen raised CNO Financial Group from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Evercore set a $48.00 target price on CNO Financial Group and gave the stock an “in-line” rating in a report on Monday, June 1st. Weiss Ratings upgraded CNO Financial Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday, August 11th. Capital One Financial set a $70.00 price target on CNO Financial Group in a report on Wednesday, August 26th. Finally, Keefe, Bruyette & Woods upped their price target on CNO Financial Group from $53.00 to $57.00 and gave the company a “market perform” rating in a research report on Monday, August 3rd. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $56.00.

CNO Financial Group Company Profile

CNO Financial Group, Inc is an insurance holding company headquartered in Carmel, Indiana. Through its operating companies, CNO provides insurance and related financial products designed primarily for middle-income Americans, including individuals and families approaching or living in retirement.

CNO’s businesses include Bankers Life, which offers life insurance, annuities and long-term care products through agents; Colonial Penn, which markets life insurance directly to consumers; and Washington National, which provides supplemental health and life insurance products.