CNO Financial Group (NYSE:CNO) CMO Rocco Tarasi III Sells 9,283 Shares

CNO Financial Group, Inc. (NYSE:CNO) CMO Rocco Tarasi III sold 9,283 shares of the firm’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $42.60, for a total value of $395,455.80. Following the transaction, the chief marketing officer directly owned 73,932 shares in the company, valued at approximately $3,149,503.20. The trade was a 11.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

CNO Financial Group Stock Up 3.9%

CNO Financial Group stock opened at $42.84 on Tuesday. The company has a market capitalization of $4.08 billion, a P/E ratio of 14.98 and a beta of 0.86. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.18 and a current ratio of 0.18. CNO Financial Group, Inc. has a fifty-two week low of $34.63 and a fifty-two week high of $43.56. The stock has a 50-day simple moving average of $40.32 and a 200-day simple moving average of $38.92.

CNO Financial Group (NYSE:CNO) last released its quarterly earnings results on Friday, May 19th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter. CNO Financial Group had a return on equity of 15.81% and a net margin of 6.64%.The firm had revenue of $968.30 million for the quarter. Equities research analysts expect that CNO Financial Group, Inc. will post 3.83 earnings per share for the current year.

CNO Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Wednesday, December 10th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, December 10th. CNO Financial Group’s payout ratio is presently 23.78%.

Wall Street Analysts Forecast Growth

CNO has been the topic of several research reports. Weiss Ratings reissued a “buy (b)” rating on shares of CNO Financial Group in a research report on Wednesday, October 8th. Wall Street Zen upgraded CNO Financial Group from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Jefferies Financial Group raised CNO Financial Group from a “hold” rating to a “buy” rating and increased their price objective for the stock from $42.00 to $47.00 in a research report on Monday. Finally, Keefe, Bruyette & Woods lifted their target price on CNO Financial Group from $44.00 to $45.00 and gave the company a “market perform” rating in a research note on Thursday, October 9th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, CNO Financial Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.80.

Institutional Trading of CNO Financial Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. grew its position in CNO Financial Group by 13.1% during the first quarter. PNC Financial Services Group Inc. now owns 5,483 shares of the financial services provider’s stock worth $228,000 after buying an additional 633 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of CNO Financial Group during the 1st quarter valued at approximately $259,000. Invesco Ltd. boosted its stake in shares of CNO Financial Group by 10.2% during the 1st quarter. Invesco Ltd. now owns 990,776 shares of the financial services provider’s stock worth $41,266,000 after acquiring an additional 91,550 shares in the last quarter. Nuveen LLC acquired a new stake in shares of CNO Financial Group in the 1st quarter worth approximately $24,071,000. Finally, Russell Investments Group Ltd. increased its stake in CNO Financial Group by 65.4% in the 1st quarter. Russell Investments Group Ltd. now owns 178,251 shares of the financial services provider’s stock valued at $7,424,000 after purchasing an additional 70,479 shares in the last quarter. Institutional investors and hedge funds own 95.43% of the company’s stock.

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.