Karen Detoro Sells 1,307 Shares of CNO Financial Group, Inc. (NYSE:CNO) Stock

CNO Financial Group, Inc. (NYSE:CNO) insider Karen Detoro sold 1,307 shares of the company’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $26.94, for a total value of $35,210.58. Following the transaction, the insider now directly owns 75,049 shares in the company, valued at $2,021,820.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Karen Detoro also recently made the following trade(s):

• On Wednesday, March 20th, Karen Detoro sold 1,282 shares of CNO Financial Group stock. The shares were sold at an average price of $27.00, for a total value of $34,614.00.

CNO Financial Group Trading Up 1.6 %

Shares of CNO opened at $27.40 on Thursday. CNO Financial Group, Inc. has a 1 year low of $19.95 and a 1 year high of $28.39. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 1.50. The stock has a 50 day simple moving average of $26.98 and a 200-day simple moving average of $25.87. The stock has a market cap of $2.99 billion, a PE ratio of 11.37 and a beta of 1.03.

CNO Financial Group (NYSE:CNO) last announced its quarterly earnings data on Tuesday, February 6th. The financial services provider reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.33. CNO Financial Group had a return on equity of 17.51% and a net margin of 6.67%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $934.05 million. On average, sell-side analysts predict that CNO Financial Group, Inc. will post 3.17 EPS for the current fiscal year.

CNO Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend was Thursday, March 7th. CNO Financial Group’s dividend payout ratio is 24.90%.

Institutional Trading of CNO Financial Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Meritage Portfolio Management boosted its holdings in shares of CNO Financial Group by 2.1% during the fourth quarter. Meritage Portfolio Management now owns 17,920 shares of the financial services provider’s stock worth $500,000 after acquiring an additional 377 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of CNO Financial Group by 0.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 66,286 shares of the financial services provider’s stock valued at $1,515,000 after acquiring an additional 466 shares during the last quarter. Cim Investment Management Inc. lifted its stake in shares of CNO Financial Group by 3.6% in the 1st quarter. Cim Investment Management Inc. now owns 14,675 shares of the financial services provider’s stock valued at $326,000 after acquiring an additional 504 shares during the last quarter. Legal & General Group Plc increased its holdings in CNO Financial Group by 0.3% in the fourth quarter. Legal & General Group Plc now owns 176,787 shares of the financial services provider’s stock valued at $4,040,000 after purchasing an additional 508 shares during the period. Finally, Assetmark Inc. increased its holdings in CNO Financial Group by 18.0% in the third quarter. Assetmark Inc. now owns 4,166 shares of the financial services provider’s stock valued at $99,000 after purchasing an additional 634 shares during the period. Institutional investors and hedge funds own 95.43% of the company’s stock.

Wall Street Analyst Weigh In

CNO has been the topic of a number of recent research reports. StockNews.com downgraded CNO Financial Group from a “buy” rating to a “hold” rating in a research note on Tuesday. Royal Bank of Canada upped their price target on CNO Financial Group from $29.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Finally, Evercore ISI upped their price target on CNO Financial Group from $26.00 to $27.00 and gave the stock an “underperform” rating in a research note on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, CNO Financial Group has a consensus rating of “Hold” and an average price target of $25.80.

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.