CNO Financial Group Inc (NYSE:CNO) Director Dan Maurer bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, March 23rd. The stock was purchased at an average price of $11.29 per share, for a total transaction of $112,900.00. Following the transaction, the director now owns 33,079 shares of the company’s stock, valued at $373,461.91. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of NYSE:CNO opened at $14.04 on Friday. CNO Financial Group Inc has a 12-month low of $8.79 and a 12-month high of $20.93. The company has a market capitalization of $1.88 billion, a PE ratio of 7.12 and a beta of 1.24. The business has a 50 day moving average of $15.79 and a two-hundred day moving average of $16.78. 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 (NYSE:CNO) last announced its quarterly earnings results on Tuesday, February 11th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.09. CNO Financial Group had a return on equity of 6.51% and a net margin of 10.19%. The company had revenue of $1.07 billion during the quarter. Equities research analysts predict that CNO Financial Group Inc will post 1.98 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date was Monday, March 9th. CNO Financial Group’s payout ratio is presently 24.44%.
A number of brokerages recently commented on CNO. Morgan Stanley dropped their target price on CNO Financial Group from $19.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 17th. Zacks Investment Research upgraded CNO Financial Group from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Monday, January 20th. TheStreet lowered CNO Financial Group from a “b” rating to a “c+” rating in a research report on Wednesday, March 11th. B. Riley dropped their target price on CNO Financial Group from $20.00 to $18.00 and set a “neutral” rating on the stock in a research report on Monday. Finally, ValuEngine lowered CNO Financial Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 13th. 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 an average price target of $19.20.
A number of large investors have recently made changes to their positions in the business. Pzena Investment Management LLC lifted its holdings in CNO Financial Group by 34.2% in the fourth quarter. Pzena Investment Management LLC now owns 6,770,866 shares of the financial services provider’s stock valued at $122,756,000 after acquiring an additional 1,724,970 shares during the period. LSV Asset Management raised its stake in shares of CNO Financial Group by 1.1% during the 4th quarter. LSV Asset Management now owns 5,847,578 shares of the financial services provider’s stock worth $106,016,000 after buying an additional 62,600 shares during the period. Norges Bank acquired a new position in shares of CNO Financial Group during the 4th quarter worth approximately $48,718,000. Nuveen Asset Management LLC raised its stake in shares of CNO Financial Group by 10.0% during the 4th quarter. Nuveen Asset Management LLC now owns 2,664,807 shares of the financial services provider’s stock worth $48,313,000 after buying an additional 241,274 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of CNO Financial Group by 5.8% during the 4th quarter. Bank of New York Mellon Corp now owns 2,060,726 shares of the financial services provider’s stock worth $37,361,000 after buying an additional 112,306 shares during the period. 98.24% of the stock is owned by institutional investors.
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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