Gary C. Bhojwani Sells 18,692 Shares of CNO Financial Group, Inc. (NYSE:CNO) Stock

CNO Financial Group, Inc. (NYSE:CNOGet Free Report) CEO Gary C. Bhojwani sold 18,692 shares of the business’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $27.52, for a total transaction of $514,403.84. Following the sale, the chief executive officer now directly owns 314,002 shares in the company, valued at approximately $8,641,335.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

CNO Financial Group Stock Performance

Shares of CNO opened at $26.91 on Wednesday. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 1.50. The stock has a market cap of $2.93 billion, a P/E ratio of 11.16 and a beta of 1.03. The company has a 50-day moving average of $26.97 and a two-hundred day moving average of $25.99. CNO Financial Group, Inc. has a 12-month low of $19.95 and a 12-month high of $28.39.

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

CNO Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend was Thursday, March 7th. CNO Financial Group’s dividend payout ratio is presently 24.90%.

Wall Street Analyst Weigh In

CNO has been the topic of a number of research analyst reports. StockNews.com downgraded shares of CNO Financial Group from a “buy” rating to a “hold” rating in a report on Tuesday, March 26th. Royal Bank of Canada lifted their target price 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. Finally, Evercore ISI lifted their target price on shares of CNO Financial Group from $26.00 to $27.00 and gave the stock an “underperform” rating in a research report on Wednesday, February 28th. One investment 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $25.80.

Check Out Our Latest Research Report on CNO Financial Group

Hedge Funds Weigh In On CNO Financial Group

A number of institutional investors have recently modified their holdings of the company. Quadrature Capital Ltd acquired a new position in shares of CNO Financial Group in the fourth quarter valued at approximately $524,000. Congress Asset Management Co. MA raised its position in shares of CNO Financial Group by 43.7% in the fourth 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 during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of CNO Financial Group by 8.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 76,691 shares of the financial services provider’s stock valued at $2,140,000 after buying an additional 5,979 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of CNO Financial Group by 8.8% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 72,838 shares of the financial services provider’s stock valued at $2,032,000 after buying an additional 5,862 shares during the last quarter. Finally, Barclays PLC raised its position in shares of CNO Financial Group by 146.7% in the fourth quarter. Barclays PLC now owns 301,807 shares of the financial services provider’s stock valued at $8,420,000 after buying an additional 179,461 shares during the last quarter. Institutional investors and hedge funds own 95.43% of the company’s stock.

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.

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

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