CNO Financial Group (NYSE:CNO) CMO Sells $395,455.80 in Stock

CNO Financial Group, Inc. (NYSE:CNO) CMO Rocco Tarasi III sold 9,283 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $42.60, for a total transaction of $395,455.80. Following the completion of the sale, the chief marketing officer owned 73,932 shares in the company, valued at $3,149,503.20. This represents a 11.16% 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 0.3%

CNO Financial Group stock opened at $43.00 on Thursday. 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 market cap of $4.10 billion, a P/E ratio of 15.03 and a beta of 0.86. The firm’s fifty day moving average price is $40.44 and its 200-day moving average price is $38.98.

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

CNO Financial Group Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.6%. CNO Financial Group’s dividend payout ratio is presently 23.78%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CNO shares. Keefe, Bruyette & Woods upped their target price on shares of CNO Financial Group from $44.00 to $45.00 and gave the stock a “market perform” rating in a research report on Thursday, October 9th. Wall Street Zen upgraded CNO Financial Group from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of CNO Financial Group in a report on Wednesday, October 8th. Finally, Jefferies Financial Group upgraded CNO Financial Group from a “hold” rating to a “buy” rating and increased their price objective for the company from $42.00 to $47.00 in a research report on Monday. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $44.80.

Institutional Investors Weigh In On CNO Financial Group

Several institutional investors have recently bought and sold shares of the stock. Optiver Holding B.V. lifted its holdings in shares of CNO Financial Group by 90.1% in the third quarter. Optiver Holding B.V. now owns 637 shares of the financial services provider’s stock worth $25,000 after buying an additional 302 shares in the last quarter. Osaic Holdings Inc. increased its holdings in CNO Financial Group by 39.2% in the 2nd quarter. Osaic Holdings Inc. now owns 1,194 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 336 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in CNO Financial Group by 32.1% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,553 shares of the financial services provider’s stock valued at $61,000 after acquiring an additional 377 shares during the last quarter. Blue Trust Inc. lifted its stake in CNO Financial Group by 8.1% in the 3rd quarter. Blue Trust Inc. now owns 5,409 shares of the financial services provider’s stock worth $214,000 after purchasing an additional 403 shares in the last quarter. Finally, Pathstone Holdings LLC boosted its holdings in shares of CNO Financial Group by 1.2% during the 3rd quarter. Pathstone Holdings LLC now owns 36,833 shares of the financial services provider’s stock valued at $1,457,000 after purchasing an additional 439 shares during the last quarter. 95.43% of the stock is currently 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.