CNO Financial Group, Inc. (NYSE:CNO) Insider Sells $191,750.47 in Stock

CNO Financial Group, Inc. (NYSE:CNO) insider Jeremy David Williams sold 4,783 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $40.09, for a total transaction of $191,750.47. Following the completion of the sale, the insider now owns 62,121 shares in the company, valued at approximately $2,490,430.89. This trade represents a 7.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

CNO Financial Group Price Performance

NYSE CNO opened at $39.05 on Friday. The stock’s 50-day moving average price is $35.28 and its two-hundred day moving average price is $31.64. 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 company has a market cap of $4.03 billion, a PE ratio of 15.75 and a beta of 1.01. CNO Financial Group, Inc. has a 1 year low of $24.92 and a 1 year high of $40.29.

CNO Financial Group (NYSE:CNO) last posted its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.29. CNO Financial Group had a return on equity of 17.53% and a net margin of 6.06%. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $945.44 million. During the same quarter in the previous year, the company earned $0.88 EPS. The business’s revenue for the quarter was up 19.2% compared to the same quarter last year. On average, analysts predict that CNO Financial Group, Inc. will post 3.63 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Royal Bank of Canada boosted their price target on shares of CNO Financial Group from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Evercore ISI boosted their price target on shares of CNO Financial Group from $27.00 to $29.00 and gave the stock an “underperform” rating in a research report on Wednesday, July 31st. Finally, Piper Sandler boosted their price objective on CNO Financial Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, CNO Financial Group presently has a consensus rating of “Hold” and a consensus target price of $34.50.

Hedge Funds Weigh In On CNO Financial Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. American Century Companies Inc. grew its stake in CNO Financial Group by 19.4% during the 2nd quarter. American Century Companies Inc. now owns 2,117,416 shares of the financial services provider’s stock valued at $58,695,000 after acquiring an additional 343,819 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in CNO Financial Group by 300.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,199,040 shares of the financial services provider’s stock valued at $42,086,000 after acquiring an additional 899,990 shares in the last quarter. FMR LLC grew its stake in CNO Financial Group by 28.8% during the 3rd quarter. FMR LLC now owns 1,040,619 shares of the financial services provider’s stock valued at $36,526,000 after acquiring an additional 232,631 shares in the last quarter. Victory Capital Management Inc. grew its stake in CNO Financial Group by 455.1% during the 2nd quarter. Victory Capital Management Inc. now owns 777,271 shares of the financial services provider’s stock valued at $21,546,000 after acquiring an additional 637,254 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of CNO Financial Group by 97.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 622,348 shares of the financial services provider’s stock valued at $17,251,000 after buying an additional 306,751 shares in the last quarter. Hedge funds and other institutional investors own 95.43% of the company’s stock.

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.