Insider Selling: CNO Financial Group, Inc. (NYSE:CNO) Insider Sells 11,300 Shares of Stock

CNO Financial Group, Inc. (NYSE:CNO) insider Jeremy David Williams sold 11,300 shares of the company’s stock in a transaction on Monday, March 31st. The shares were sold at an average price of $41.51, for a total transaction of $469,063.00. Following the completion of the sale, the insider now directly owns 65,299 shares of the company’s stock, valued at $2,710,561.49. This trade represents a 14.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Jeremy David Williams also recently made the following trade(s):

• On Wednesday, April 2nd, Jeremy David Williams sold 3,393 shares of CNO Financial Group stock. The stock was sold at an average price of $41.77, for a total transaction of $141,725.61.

CNO Financial Group Stock Performance

Shares of CNO stock opened at $42.47 on Thursday. The firm has a market capitalization of $4.26 billion, a price-to-earnings ratio of 11.36 and a beta of 1.02. The stock has a fifty day moving average of $40.63 and a 200 day moving average of $38.26. CNO Financial Group, Inc. has a 52 week low of $24.92 and a 52 week high of $43.20. The company has a quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 1.61.

CNO Financial Group (NYSE:CNO) last posted its earnings results on Thursday, February 6th. The financial services provider reported $1.31 EPS for the quarter, topping the consensus estimate of $1.06 by $0.25. CNO Financial Group had a net margin of 9.08% and a return on equity of 17.20%. As a group, research analysts expect that CNO Financial Group, Inc. will post 3.83 earnings per share for the current year.

CNO Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.51%. CNO Financial Group’s dividend payout ratio (DPR) is 17.11%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CNO. Principal Securities Inc. boosted its position in shares of CNO Financial Group by 51.6% during the fourth quarter. Principal Securities Inc. now owns 955 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 325 shares in the last quarter. Pacer Advisors Inc. boosted its stake in CNO Financial Group by 58.7% during the fourth quarter. Pacer Advisors Inc. now owns 24,580 shares of the financial services provider’s stock worth $915,000 after acquiring an additional 9,096 shares in the last quarter. Blue Trust Inc. boosted its position in shares of CNO Financial Group by 7.4% in the 4th quarter. Blue Trust Inc. now owns 6,737 shares of the financial services provider’s stock worth $236,000 after purchasing an additional 464 shares in the last quarter. KBC Group NV grew its position in CNO Financial Group by 49.0% during the 4th quarter. KBC Group NV now owns 4,990 shares of the financial services provider’s stock valued at $186,000 after purchasing an additional 1,641 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in shares of CNO Financial Group during the fourth quarter valued at approximately $903,000. Institutional investors own 95.43% of the company’s stock.

Wall Street Analyst Weigh In

CNO has been the topic of several analyst reports. Keefe, Bruyette & Woods lifted their price objective on CNO Financial Group from $42.00 to $44.00 and gave the stock a “market perform” rating in a report on Wednesday, February 12th. BMO Capital Markets initiated coverage on CNO Financial Group in a research note on Thursday, January 23rd. They issued a “market perform” rating and a $38.00 price target on the stock. Royal Bank of Canada increased their price objective on CNO Financial Group from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. Jefferies Financial Group lifted their target price on shares of CNO Financial Group from $36.00 to $41.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. Finally, Piper Sandler increased their price target on shares of CNO Financial Group from $46.00 to $49.00 and gave the company an “overweight” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, CNO Financial Group has a consensus rating of “Hold” and an average target price of $41.00.

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.