CNO Financial Group (NYSE:CNO) Insider Scott Goldberg Sells 11,060 Shares of Stock

CNO Financial Group, Inc. (NYSE:CNO) insider Scott Goldberg sold 11,060 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $39.97, for a total transaction of $442,068.20. Following the completion of the sale, the insider owned 214,524 shares in the company, valued at $8,574,524.28. The trade was a 4.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

CNO Financial Group Trading Up 2.0%

Shares of NYSE:CNO opened at $40.53 on Tuesday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.17 and a current ratio of 0.17. The stock has a market capitalization of $3.82 billion, a price-to-earnings ratio of 18.18 and a beta of 0.83. CNO Financial Group, Inc. has a 1-year low of $34.63 and a 1-year high of $44.85. The company has a 50 day moving average price of $41.78 and a 200 day moving average price of $41.09.

CNO Financial Group (NYSE:CNO) last posted its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.27. CNO Financial Group had a return on equity of 15.80% and a net margin of 4.94%.The company had revenue of $101.10 million for the quarter, compared to analysts’ expectations of $1 billion. During the same quarter in the prior year, the company earned $1.18 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis. On average, research analysts anticipate that CNO Financial Group, Inc. will post 3.83 EPS for the current fiscal year.

CNO Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.7%. CNO Financial Group’s payout ratio is 30.49%.

Analyst Ratings Changes

A number of research firms recently weighed in on CNO. Piper Sandler increased their price target on CNO Financial Group from $46.00 to $50.00 and gave the company an “overweight” rating in a research report on Tuesday, December 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of CNO Financial Group in a research note on Wednesday, January 21st. Evercore restated an “underperform” rating and set a $43.00 price objective on shares of CNO Financial Group in a report on Wednesday, February 18th. Jefferies Financial Group raised shares of CNO Financial Group from a “hold” rating to a “buy” rating and upped their price objective for the company from $42.00 to $47.00 in a research note on Monday, December 15th. Finally, Wall Street Zen upgraded shares of CNO Financial Group from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, CNO Financial Group has an average rating of “Hold” and an average target price of $46.25.

Institutional Trading of CNO Financial Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. Hsbc Holdings PLC raised its position in CNO Financial Group by 102.1% during the fourth quarter. Hsbc Holdings PLC now owns 45,025 shares of the financial services provider’s stock valued at $1,914,000 after buying an additional 22,749 shares during the period. Rockefeller Capital Management L.P. boosted its position in CNO Financial Group by 60.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 3,248 shares of the financial services provider’s stock worth $138,000 after acquiring an additional 1,224 shares during the period. Corient Private Wealth LLC grew its stake in CNO Financial Group by 2.6% during the 4th quarter. Corient Private Wealth LLC now owns 19,683 shares of the financial services provider’s stock valued at $836,000 after acquiring an additional 498 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in CNO Financial Group by 684.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,881 shares of the financial services provider’s stock valued at $165,000 after acquiring an additional 3,386 shares in the last quarter. Finally, DGS Capital Management LLC increased its holdings in shares of CNO Financial Group by 16.8% in the 4th quarter. DGS Capital Management LLC now owns 17,017 shares of the financial services provider’s stock valued at $723,000 after purchasing an additional 2,450 shares during the period. Institutional investors and hedge funds own 95.43% of the company’s stock.

CNO Financial Group Company Profile

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.