Insider Buying: CNO Financial Group Inc (NYSE:CNO) CEO Buys $225,800.00 in Stock

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CNO Financial Group Inc (NYSE:CNO) CEO Gary C. Bhojwani acquired 20,000 shares of CNO Financial Group stock in a transaction on Monday, March 23rd. The stock was purchased at an average price of $11.29 per share, with a total value of $225,800.00. Following the purchase, the chief executive officer now owns 331,608 shares of the company’s stock, valued at approximately $3,743,854.32. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of NYSE CNO opened at $14.04 on Friday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.56. CNO Financial Group Inc has a twelve month low of $8.79 and a twelve month high of $20.93. The stock has a 50 day moving average of $15.79 and a two-hundred day moving average of $16.78. The stock has a market cap of $1.65 billion, a P/E ratio of 5.26 and a beta of 1.24.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings data on Tuesday, February 11th. The financial services provider reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.09. The company had revenue of $1.07 billion during the quarter. CNO Financial Group had a return on equity of 6.51% and a net margin of 10.19%. As a group, research analysts predict that CNO Financial Group Inc will post 1.98 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend was Monday, March 9th. CNO Financial Group’s payout ratio is currently 24.44%.

A number of equities research analysts have weighed in on CNO shares. ValuEngine cut CNO Financial Group from a “hold” rating to a “sell” rating in a research note on Thursday, February 13th. B. Riley reduced their price objective on CNO Financial Group from $20.00 to $18.00 and set a “neutral” rating for the company in a research note on Monday. Morgan Stanley reduced their price objective on CNO Financial Group from $19.00 to $13.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 17th. TheStreet cut CNO Financial Group from a “b” rating to a “c+” rating in a research note on Wednesday, March 11th. Finally, Zacks Investment Research upgraded CNO Financial Group from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Monday, January 20th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $19.20.

Large investors have recently added to or reduced their stakes in the company. Millennium Management LLC increased its holdings in shares of CNO Financial Group by 291.4% in the third quarter. Millennium Management LLC now owns 1,652,253 shares of the financial services provider’s stock valued at $26,155,000 after purchasing an additional 1,230,122 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of CNO Financial Group by 105.8% in the third quarter. Tower Research Capital LLC TRC now owns 8,584 shares of the financial services provider’s stock valued at $136,000 after purchasing an additional 4,413 shares during the period. Great West Life Assurance Co. Can acquired a new position in shares of CNO Financial Group in the fourth quarter valued at approximately $1,392,000. Citigroup Inc. increased its holdings in shares of CNO Financial Group by 19.9% in the fourth quarter. Citigroup Inc. now owns 98,953 shares of the financial services provider’s stock valued at $1,794,000 after purchasing an additional 16,420 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of CNO Financial Group by 508.3% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 250,297 shares of the financial services provider’s stock valued at $4,538,000 after purchasing an additional 209,151 shares during the period. 98.24% of the stock is currently owned by institutional investors and hedge funds.

CNO Financial Group Company Profile

CNO Financial Group, Inc, through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, and other insurance products for senior and middle-income markets in the United States. It operates through Bankers Life, Washington National, Colonial Penn, and Long-Term Care in Run Off segments.

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Insider Buying and Selling by Quarter for CNO Financial Group (NYSE:CNO)

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