Scott L. Goldberg Sells 25,500 Shares of CNO Financial Group, Inc. (NYSE:CNO) Stock

CNO Financial Group, Inc. (NYSE:CNO) insider Scott L. Goldberg sold 25,500 shares of the business’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $40.02, for a total value of $1,020,510.00. Following the completion of the sale, the insider now directly owns 169,342 shares of the company’s stock, valued at approximately $6,777,066.84. This trade represents a 13.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

CNO Financial Group Trading Down 0.1 %

CNO opened at $39.65 on Friday. The business has a 50 day simple moving average of $39.38 and a two-hundred day simple moving average of $37.25. The firm has a market capitalization of $4.00 billion, a price-to-earnings ratio of 10.60 and a beta of 1.02. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.22 and a quick ratio of 0.19. CNO Financial Group, Inc. has a one year low of $24.92 and a one year high of $42.41.

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

CNO Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.16 per share. The ex-dividend date is Monday, March 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.61%. CNO Financial Group’s dividend payout ratio (DPR) is 17.11%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of CNO Financial Group during the 4th quarter worth approximately $15,093,000. Jefferies Financial Group Inc. purchased a new position in shares of CNO Financial Group during the 4th quarter worth approximately $896,000. Mackenzie Financial Corp grew its holdings in shares of CNO Financial Group by 20.9% during the 4th quarter. Mackenzie Financial Corp now owns 29,173 shares of the financial services provider’s stock worth $1,086,000 after acquiring an additional 5,045 shares during the period. CSS LLC IL purchased a new position in shares of CNO Financial Group during the 4th quarter worth approximately $637,000. Finally, PharVision Advisers LLC purchased a new position in shares of CNO Financial Group during the 4th quarter worth approximately $210,000. Hedge funds and other institutional investors own 95.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CNO. Keefe, Bruyette & Woods boosted their target price on CNO Financial Group from $42.00 to $44.00 and gave the company a “market perform” rating in a research note on Wednesday, February 12th. Royal Bank of Canada boosted their target price 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. Piper Sandler reissued an “overweight” rating and issued a $46.00 target price (up previously from $44.00) on shares of CNO Financial Group in a research note on Monday, February 10th. BMO Capital Markets started coverage on CNO Financial Group in a research note on Thursday, January 23rd. They issued a “market perform” rating and a $38.00 target price for the company. Finally, Jefferies Financial Group upped their price target on CNO Financial Group from $36.00 to $41.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, CNO Financial Group currently has an average rating of “Hold” and a consensus target price of $40.50.

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.