CNO Financial Group, Inc. (NYSE:CNO) CEO Gary C. Bhojwani Sells 9,434 Shares

CNO Financial Group, Inc. (NYSE:CNO) CEO Gary C. Bhojwani sold 9,434 shares of the business’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $26.87, for a total transaction of $253,491.58. Following the sale, the chief executive officer now owns 332,694 shares in the company, valued at $8,939,487.78. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

CNO Financial Group Trading Up 1.6 %

NYSE CNO opened at $27.40 on Thursday. CNO Financial Group, Inc. has a 12 month low of $19.95 and a 12 month high of $28.39. The company has a 50-day moving average of $26.98 and a 200-day moving average of $25.87. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.19 and a quick ratio of 0.19. The company has a market cap of $2.99 billion, a P/E ratio of 11.37 and a beta of 1.03.

CNO Financial Group (NYSE:CNO) last issued its earnings results on Tuesday, February 6th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.33. CNO Financial Group had a return on equity of 17.51% and a net margin of 6.67%. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $934.05 million. As a group, equities analysts predict that CNO Financial Group, Inc. will post 3.17 earnings per share for the current year.

CNO Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date was Thursday, March 7th. CNO Financial Group’s payout ratio is currently 24.90%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Royal Bank of Canada boosted their price objective on shares of CNO Financial Group from $29.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. StockNews.com downgraded shares of CNO Financial Group from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Evercore ISI boosted their target price on shares of CNO Financial Group from $26.00 to $27.00 and gave the company an “underperform” rating in a research note on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $25.80.

Institutional Trading of CNO Financial Group

A number of institutional investors have recently modified their holdings of the company. Norges Bank purchased a new position in CNO Financial Group in the 4th quarter worth approximately $32,205,000. BlackRock Inc. boosted its holdings in CNO Financial Group by 4.1% in the 1st quarter. BlackRock Inc. now owns 15,806,159 shares of the financial services provider’s stock worth $350,739,000 after acquiring an additional 626,454 shares during the period. Retirement Systems of Alabama purchased a new position in CNO Financial Group in the 4th quarter worth approximately $10,568,000. Assenagon Asset Management S.A. boosted its holdings in CNO Financial Group by 97.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 587,569 shares of the financial services provider’s stock worth $16,393,000 after acquiring an additional 290,585 shares during the period. Finally, AQR Capital Management LLC boosted its stake in shares of CNO Financial Group by 13.9% during the 3rd quarter. AQR Capital Management LLC now owns 2,189,796 shares of the financial services provider’s stock valued at $51,964,000 after buying an additional 266,945 shares during the last quarter. Hedge funds and other institutional investors own 95.43% of the company’s stock.

CNO Financial Group Company Profile

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.