CNO Financial Group, Inc. (NYSE:CNO) CMO Sells $168,795.00 in Stock

CNO Financial Group, Inc. (NYSE:CNO) CMO Rocco F. Tarasi III sold 4,500 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $37.51, for a total value of $168,795.00. Following the sale, the chief marketing officer now directly owns 72,896 shares of the company’s stock, valued at approximately $2,734,328.96. This trade represents a 5.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

CNO Financial Group Price Performance

CNO stock opened at $36.02 on Friday. The firm has a market cap of $3.72 billion, a P/E ratio of 14.52 and a beta of 1.02. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.19 and a current ratio of 0.19. CNO Financial Group, Inc. has a 1 year low of $24.92 and a 1 year high of $40.91. The stock has a 50-day simple moving average of $37.63 and a 200-day simple moving average of $33.53.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.29. CNO Financial Group had a net margin of 6.06% and a return on equity of 17.53%. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $945.44 million. During the same quarter last year, the company earned $0.88 earnings per share. CNO Financial Group’s revenue for the quarter was up 19.2% on a year-over-year basis. On average, equities analysts predict that CNO Financial Group, Inc. will post 3.73 earnings per share for the current fiscal year.

CNO Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $0.64 dividend on an annualized basis and a yield of 1.78%. CNO Financial Group’s dividend payout ratio is currently 25.81%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CNO shares. Piper Sandler lifted their price objective on CNO Financial Group from $42.00 to $44.00 and gave the company an “overweight” rating in a research note on Wednesday. Jefferies Financial Group lifted their price target on shares of CNO Financial Group from $36.00 to $41.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. Finally, Royal Bank of Canada increased their price objective on shares of CNO Financial Group from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, CNO Financial Group presently has a consensus rating of “Hold” and a consensus price target of $37.00.

Hedge Funds Weigh In On CNO Financial Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. American Century Companies Inc. increased its position in shares of CNO Financial Group by 19.4% during the second quarter. American Century Companies Inc. now owns 2,117,416 shares of the financial services provider’s stock worth $58,695,000 after acquiring an additional 343,819 shares during the last quarter. Principal Financial Group Inc. grew its stake in CNO Financial Group by 6.0% during the 3rd quarter. Principal Financial Group Inc. now owns 1,899,599 shares of the financial services provider’s stock valued at $66,676,000 after purchasing an additional 107,589 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in CNO Financial Group by 300.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,199,040 shares of the financial services provider’s stock worth $42,086,000 after purchasing an additional 899,990 shares during the last quarter. FMR LLC raised its position in shares of CNO Financial Group by 28.8% in the 3rd quarter. FMR LLC now owns 1,040,619 shares of the financial services provider’s stock valued at $36,526,000 after purchasing an additional 232,631 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of CNO Financial Group by 455.1% during the 2nd quarter. Victory Capital Management Inc. now owns 777,271 shares of the financial services provider’s stock valued at $21,546,000 after buying an additional 637,254 shares during the last quarter. 95.43% of the stock is owned by hedge funds and other institutional investors.

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.