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 firm’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $27.52, for a total value of $514,403.84. Following the transaction, the chief executive officer now owns 314,002 shares of the company’s stock, valued at $8,641,335.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

CNO Financial Group Price Performance

Shares of CNO opened at $26.91 on Wednesday. CNO Financial Group, Inc. has a 12-month low of $19.95 and a 12-month high of $28.39. The stock has a market cap of $2.93 billion, a P/E ratio of 11.16 and a beta of 1.03. The business’s fifty day moving average is $26.97 and its 200 day moving average is $25.99. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 1.50.

CNO Financial Group (NYSE:CNOGet Free Report) last issued 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. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $934.05 million. CNO Financial Group had a return on equity of 17.51% and a net margin of 6.67%. Sell-side analysts anticipate that CNO Financial Group, Inc. will post 3.17 earnings per share for the current fiscal year.

CNO Financial Group Dividend Announcement

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

Institutional Trading of CNO Financial Group

Several institutional investors have recently made changes to their positions in the company. Meritage Portfolio Management increased its stake in CNO Financial Group by 2.1% in the 4th quarter. Meritage Portfolio Management now owns 17,920 shares of the financial services provider’s stock valued at $500,000 after buying an additional 377 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of CNO Financial Group by 0.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 66,286 shares of the financial services provider’s stock valued at $1,515,000 after purchasing an additional 466 shares during the last quarter. Cim Investment Management Inc. raised its stake in shares of CNO Financial Group by 3.6% during the 1st quarter. Cim Investment Management Inc. now owns 14,675 shares of the financial services provider’s stock worth $326,000 after purchasing an additional 504 shares during the period. Legal & General Group Plc raised its position in CNO Financial Group by 0.3% in the fourth quarter. Legal & General Group Plc now owns 176,787 shares of the financial services provider’s stock worth $4,040,000 after acquiring an additional 508 shares during the period. Finally, Assetmark Inc. boosted its stake in CNO Financial Group by 18.0% in the third quarter. Assetmark Inc. now owns 4,166 shares of the financial services provider’s stock valued at $99,000 after acquiring an additional 634 shares during the last quarter. Institutional investors own 95.43% of the company’s stock.

Analyst Ratings Changes

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

Check Out Our Latest Analysis on CNO

About CNO Financial Group

(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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