CNO Financial Group, Inc. (NYSE:CNO) CMO Rocco F. Tarasi III Sells 1,484 Shares

CNO Financial Group, Inc. (NYSE:CNO) CMO Rocco F. Tarasi III sold 1,484 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $38.02, for a total transaction of $56,421.68. Following the transaction, the chief marketing officer now directly owns 79,896 shares in the company, valued at $3,037,645.92. The trade was a 1.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

CNO Financial Group Trading Down 4.7 %

CNO stock opened at $35.76 on Thursday. CNO Financial Group, Inc. has a 52 week low of $24.92 and a 52 week high of $40.91. The company has a market cap of $3.69 billion, a price-to-earnings ratio of 14.42 and a beta of 1.02. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 1.50. The business has a fifty day simple moving average of $37.59 and a 200-day simple moving average of $33.51.

CNO Financial Group (NYSE:CNO) last announced its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.11 EPS for the quarter, topping the consensus estimate of $0.82 by $0.29. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $945.44 million. CNO Financial Group had a return on equity of 17.53% and a net margin of 6.06%. The firm’s revenue was up 19.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.88 earnings per share. On average, equities research analysts expect that CNO Financial Group, Inc. will post 3.73 EPS for the current year.

CNO Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th will be given a dividend of $0.16 per share. The ex-dividend date is Tuesday, December 10th. This represents a $0.64 dividend on an annualized basis and a yield of 1.79%. CNO Financial Group’s dividend payout ratio (DPR) is 25.81%.

Institutional Investors Weigh In On CNO Financial Group

Several institutional investors have recently bought and sold shares of the business. CWM LLC raised its stake in shares of CNO Financial Group by 64.1% in the 2nd quarter. CWM LLC now owns 1,144 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 447 shares during the period. Quarry LP raised its position in CNO Financial Group by 123.2% in the second quarter. Quarry LP now owns 1,694 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 935 shares during the period. Blue Trust Inc. lifted its stake in shares of CNO Financial Group by 25.4% during the second quarter. Blue Trust Inc. now owns 2,384 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 483 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of CNO Financial Group by 141.8% during the third quarter. GAMMA Investing LLC now owns 1,985 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 1,164 shares in the last quarter. Finally, Point72 DIFC Ltd purchased a new stake in shares of CNO Financial Group in the second quarter worth about $89,000. 95.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Piper Sandler boosted their price target on CNO Financial Group from $42.00 to $44.00 and gave the company an “overweight” rating in a report on Wednesday. Royal Bank of Canada upped their target price on CNO Financial Group from $38.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Finally, Jefferies Financial Group raised their price target on CNO Financial Group from $36.00 to $41.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $37.00.

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.