CNO Financial Group, Inc. (NYSE:CNO) CMO Sells $82,500.00 in Stock

CNO Financial Group, Inc. (NYSE:CNOGet Free Report) CMO Rocco F. Tarasi III sold 3,000 shares of the company’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $27.50, for a total value of $82,500.00. Following the completion of the sale, the chief marketing officer now owns 88,077 shares in the company, valued at $2,422,117.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

CNO Financial Group Stock Performance

NYSE CNO opened at $26.91 on Wednesday. The business’s 50-day moving average price is $26.97 and its 200 day moving average price is $25.99. CNO Financial Group, Inc. has a twelve month low of $19.95 and a twelve month high of $28.39. The company has a market capitalization of $2.93 billion, a PE ratio of 11.16 and a beta of 1.03. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 1.50.

CNO Financial Group (NYSE:CNOGet Free Report) last released its earnings results on Tuesday, February 6th. The financial services provider reported $1.18 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $934.05 million. On average, research 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 disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were paid a $0.15 dividend. 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 dividend payout ratio is currently 24.90%.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Analysis on CNO Financial Group

Hedge Funds Weigh In On CNO Financial Group

Several hedge funds and other institutional investors have recently modified their holdings of CNO. Quarry LP purchased a new stake in shares of CNO Financial Group during the 1st quarter valued at about $26,000. KBC Group NV purchased a new stake in shares of CNO Financial Group during the 4th quarter valued at about $40,000. Ronald Blue Trust Inc. raised its holdings in shares of CNO Financial Group by 95.8% during the 3rd quarter. Ronald Blue Trust Inc. now owns 1,915 shares of the financial services provider’s stock valued at $45,000 after buying an additional 937 shares during the period. West Tower Group LLC purchased a new stake in shares of CNO Financial Group during the 4th quarter valued at about $45,000. Finally, Daiwa Securities Group Inc. purchased a new stake in shares of CNO Financial Group during the 4th quarter valued at about $50,000. 95.43% of the stock is owned by institutional investors and hedge funds.

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.

See Also

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.