CNO Financial Group, Inc. (NYSE:CNO) CEO Gary C. Bhojwani Sells 20,200 Shares

CNO Financial Group, Inc. (NYSE:CNOGet Free Report) CEO Gary C. Bhojwani sold 20,200 shares of CNO Financial Group stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $27.31, for a total value of $551,662.00. Following the sale, the chief executive officer now directly owns 293,802 shares in the company, valued at $8,023,732.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

CNO Financial Group Stock Down 1.1 %

Shares of CNO opened at $26.91 on Wednesday. The business’s fifty day moving average price is $26.97 and its two-hundred day moving average price is $25.99. The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of 11.16 and a beta of 1.03. CNO Financial Group, Inc. has a 52 week low of $19.95 and a 52 week high of $28.39. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.19 and a current ratio of 0.19.

CNO Financial Group (NYSE:CNOGet Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The financial services provider reported $1.18 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 firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $934.05 million. On average, analysts predict that CNO Financial Group, Inc. will post 3.17 earnings per share for the current year.

CNO Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.23%. The ex-dividend date was Thursday, March 7th. CNO Financial Group’s payout ratio is 24.90%.

Hedge Funds Weigh In On CNO Financial Group

Several hedge funds have recently added to or reduced their stakes in CNO. Quadrature Capital Ltd bought a new stake in shares of CNO Financial Group in the 4th quarter valued at about $524,000. Congress Asset Management Co. MA increased its position in shares of CNO Financial Group by 43.7% in the 4th quarter. Congress Asset Management Co. MA now owns 157,126 shares of the financial services provider’s stock valued at $4,384,000 after buying an additional 47,762 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in CNO Financial Group by 8.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 76,691 shares of the financial services provider’s stock worth $2,140,000 after buying an additional 5,979 shares during the period. Mercer Global Advisors Inc. ADV raised its position in shares of CNO Financial Group by 8.8% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 72,838 shares of the financial services provider’s stock worth $2,032,000 after purchasing an additional 5,862 shares during the period. Finally, Barclays PLC lifted its holdings in shares of CNO Financial Group by 146.7% during the 4th quarter. Barclays PLC now owns 301,807 shares of the financial services provider’s stock valued at $8,420,000 after purchasing an additional 179,461 shares in the last quarter. Institutional investors and hedge funds own 95.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Royal Bank of Canada upped their target price on shares of CNO Financial Group from $29.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Evercore ISI increased their target price on CNO Financial Group from $26.00 to $27.00 and gave the stock an “underperform” rating in a report on Wednesday, February 28th. Finally, StockNews.com lowered CNO Financial Group from a “buy” rating to a “hold” rating in a research note on Tuesday, March 26th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, CNO Financial Group currently has a consensus rating of “Hold” and an average price target of $25.80.

Get Our Latest Stock Analysis on CNO Financial Group

CNO Financial Group Company Profile

(Get Free Report)

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.

Featured Stories

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

Receive News & Ratings for CNO Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNO Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.