Karen Detoro Sells 2,666 Shares of CNO Financial Group, Inc. (NYSE:CNO) Stock

CNO Financial Group, Inc. (NYSE:CNOGet Free Report) insider Karen Detoro sold 2,666 shares of CNO Financial Group stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $27.12, for a total value of $72,301.92. Following the transaction, the insider now owns 72,383 shares in the company, valued at $1,963,026.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Karen Detoro also recently made the following trade(s):

  • On Tuesday, March 26th, Karen Detoro sold 1,307 shares of CNO Financial Group stock. The shares were sold at an average price of $26.94, for a total value of $35,210.58.
  • On Wednesday, March 20th, Karen Detoro sold 1,282 shares of CNO Financial Group stock. The shares were sold at an average price of $27.00, for a total value of $34,614.00.

CNO Financial Group Price Performance

NYSE:CNO opened at $26.93 on Thursday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.19 and a current ratio of 0.19. The stock’s 50-day simple moving average is $26.96 and its 200 day simple moving average is $26.00. The company has a market cap of $2.94 billion, a P/E ratio of 11.17 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.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.33. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $934.05 million. CNO Financial Group had a return on equity of 17.51% and a net margin of 6.67%. As a group, sell-side analysts forecast that CNO Financial Group, Inc. will post 3.19 EPS for the current fiscal year.

CNO Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors 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 currently 24.90%.

Hedge Funds Weigh In On CNO Financial Group

A number of hedge funds and other institutional investors have recently bought and sold shares of CNO. Raymond James & Associates grew its holdings in CNO Financial Group by 11.5% during the first quarter. Raymond James & Associates now owns 60,846 shares of the financial services provider’s stock worth $1,527,000 after purchasing an additional 6,281 shares during the period. Bank of Montreal Can grew its holdings in CNO Financial Group by 191.0% during the first quarter. Bank of Montreal Can now owns 36,666 shares of the financial services provider’s stock worth $936,000 after purchasing an additional 24,066 shares during the period. MetLife Investment Management LLC grew its holdings in CNO Financial Group by 38.3% during the first quarter. MetLife Investment Management LLC now owns 141,090 shares of the financial services provider’s stock worth $3,540,000 after purchasing an additional 39,101 shares during the period. Panagora Asset Management Inc. bought a new position in CNO Financial Group during the first quarter worth about $1,142,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in CNO Financial Group by 7.9% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 44,125 shares of the financial services provider’s stock worth $1,107,000 after purchasing an additional 3,241 shares during the period. Institutional investors own 95.43% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on CNO shares. StockNews.com downgraded CNO Financial Group from a “buy” rating to a “hold” rating in a research note on Thursday. Royal Bank of Canada lifted their price target on CNO Financial Group from $29.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Finally, Evercore ISI lifted their price target on CNO Financial Group from $26.00 to $27.00 and gave the company an “underperform” rating in a research note on Wednesday, February 28th. One equities research 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. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $25.80.

Read Our Latest Research Report on CNO

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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