Insider Selling: CNO Financial Group, Inc. (NYSE:CNO) EVP Sells $197,880.02 in Stock

CNO Financial Group, Inc. (NYSE:CNO) EVP Yvonne K. Franzese sold 7,214 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $27.43, for a total value of $197,880.02. Following the completion of the sale, the executive vice president now owns 46,632 shares of the company’s stock, valued at $1,279,115.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

CNO Financial Group Trading Up 0.1 %

Shares of CNO opened at $26.93 on Thursday. The business’s 50-day moving average price is $26.96 and its 200 day moving average price is $26.00. The stock has a market capitalization of $2.94 billion, a P/E ratio of 11.17 and a beta of 1.03. 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.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings results on Tuesday, February 6th. The financial services provider reported $1.18 earnings per share for the quarter, topping 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 analysts’ expectations of $934.05 million. Analysts expect that CNO Financial Group, Inc. will post 3.19 earnings per share for the current year.

CNO Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.60 annualized dividend and a yield of 2.23%. CNO Financial Group’s dividend payout ratio (DPR) is presently 24.90%.

Hedge Funds Weigh In On CNO Financial Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Quarry LP purchased a new position in CNO Financial Group during the 1st quarter valued at about $26,000. KBC Group NV purchased a new position in CNO Financial Group during the 4th quarter valued at about $40,000. Ronald Blue Trust Inc. grew its stake in CNO Financial Group by 95.8% during the 3rd quarter. Ronald Blue Trust Inc. now owns 1,915 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 937 shares in the last quarter. West Tower Group LLC purchased a new position in CNO Financial Group during the 4th quarter valued at about $45,000. Finally, Daiwa Securities Group Inc. purchased a new position in CNO Financial Group during the 4th quarter valued at about $50,000. Hedge funds and other institutional investors own 95.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CNO shares. StockNews.com downgraded CNO Financial Group from a “buy” rating to a “hold” rating in a research report on Thursday. Evercore ISI lifted 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. Finally, Royal Bank of Canada lifted 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $25.80.

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.