CNO Financial Group Inc (NYSE:CNO) Director Frederick James Sievert sold 9,415 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $15.94, for a total value of $150,075.10. Following the transaction, the director now directly owns 65,555 shares of the company’s stock, valued at $1,044,946.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
CNO Financial Group stock traded up $0.41 during mid-day trading on Friday, reaching $15.19. The company’s stock had a trading volume of 1,598,611 shares, compared to its average volume of 1,061,555. CNO Financial Group Inc has a 12-month low of $13.64 and a 12-month high of $20.45. The company has a market capitalization of $2.28 billion, a P/E ratio of 8.30 and a beta of 1.24. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.25 and a current ratio of 0.25. The firm’s fifty day moving average price is $15.26 and its two-hundred day moving average price is $16.11.
CNO Financial Group (NYSE:CNO) last released its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $0.48 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.48. The business had revenue of $979.80 million during the quarter, compared to analyst estimates of $956.66 million. CNO Financial Group had a negative net margin of 9.67% and a positive return on equity of 7.71%. CNO Financial Group’s revenue was down 6.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.49 EPS. On average, research analysts predict that CNO Financial Group Inc will post 1.88 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date of this dividend was Monday, September 9th. CNO Financial Group’s dividend payout ratio is currently 24.04%.
Several brokerages have recently commented on CNO. Zacks Investment Research downgraded CNO Financial Group from a “hold” rating to a “sell” rating and set a $17.00 target price for the company. in a research note on Thursday, September 12th. ValuEngine raised shares of CNO Financial Group from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Citigroup dropped their price target on shares of CNO Financial Group from $18.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, September 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $18.33.
Several hedge funds and other institutional investors have recently bought and sold shares of CNO. State of Alaska Department of Revenue bought a new stake in CNO Financial Group in the third quarter worth $439,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in CNO Financial Group in the second quarter worth $769,000. Royal Bank of Canada lifted its stake in CNO Financial Group by 36.0% in the second quarter. Royal Bank of Canada now owns 186,280 shares of the financial services provider’s stock worth $3,107,000 after purchasing an additional 49,335 shares during the last quarter. Nuveen Asset Management LLC lifted its stake in CNO Financial Group by 24.0% in the second quarter. Nuveen Asset Management LLC now owns 2,783,780 shares of the financial services provider’s stock worth $46,433,000 after purchasing an additional 539,021 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of CNO Financial Group by 4.4% during the second quarter. Price T Rowe Associates Inc. MD now owns 143,886 shares of the financial services provider’s stock valued at $2,400,000 after acquiring an additional 6,030 shares during the last quarter. 96.41% of the stock is owned by institutional investors.
About CNO Financial Group
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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