Rocco F. Tarasi III Sells 3,197 Shares of CNO Financial Group, Inc. (NYSE:CNO) Stock

CNO Financial Group, Inc. (NYSE:CNOGet Free Report) CMO Rocco F. Tarasi III sold 3,197 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $28.00, for a total value of $89,516.00. Following the completion of the sale, the chief marketing officer now directly owns 84,880 shares of the company’s stock, valued at approximately $2,376,640. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

CNO Financial Group Stock Performance

Shares of CNO opened at $28.30 on Wednesday. The company has a market capitalization of $3.06 billion, a PE ratio of 8.25 and a beta of 1.03. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.18 and a quick ratio of 0.18. CNO Financial Group, Inc. has a one year low of $21.06 and a one year high of $28.63. The company’s fifty day moving average price is $26.78 and its 200 day moving average price is $26.66.

CNO Financial Group (NYSE:CNOGet Free Report) last posted its quarterly earnings data on Monday, April 29th. The financial services provider reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.12). CNO Financial Group had a return on equity of 16.77% and a net margin of 9.07%. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $935.76 million. During the same quarter in the previous year, the firm posted $0.51 earnings per share. The company’s revenue for the quarter was up 15.0% on a year-over-year basis. As a group, analysts expect that CNO Financial Group, Inc. will post 3.1 earnings per share for the current year.

CNO Financial Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 10th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.26%. This is a boost from CNO Financial Group’s previous quarterly dividend of $0.15. The ex-dividend date is Monday, June 10th. CNO Financial Group’s dividend payout ratio is currently 17.49%.

Hedge Funds Weigh In On CNO Financial Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. American Century Companies Inc. grew its position in CNO Financial Group by 10.2% in the 3rd quarter. American Century Companies Inc. now owns 1,350,120 shares of the financial services provider’s stock worth $32,038,000 after purchasing an additional 125,047 shares during the last quarter. Assenagon Asset Management S.A. grew its position in CNO Financial Group by 97.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 587,569 shares of the financial services provider’s stock worth $16,393,000 after buying an additional 290,585 shares in the last quarter. Calamos Advisors LLC acquired a new stake in CNO Financial Group during the fourth quarter worth about $1,063,000. Hsbc Holdings PLC bought a new position in CNO Financial Group during the third quarter valued at about $1,257,000. Finally, Massachusetts Financial Services Co. MA raised its holdings in CNO Financial Group by 1.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,838,581 shares of the financial services provider’s stock valued at $43,630,000 after acquiring an additional 22,012 shares in the last quarter. Institutional investors own 95.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CNO. Evercore ISI increased their price target on shares of CNO Financial Group from $26.00 to $27.00 and gave the stock an “underperform” rating in a research note on Wednesday, February 28th. StockNews.com lowered CNO Financial Group from a “buy” rating to a “hold” rating in a report on Friday, April 12th. Royal Bank of Canada upped their price target on CNO Financial Group from $29.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Finally, Piper Sandler raised CNO Financial Group from a “neutral” rating to an “overweight” rating and set a $29.00 price objective on the stock in a report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $27.50.

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CNO Financial Group Company Profile

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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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