CNO Financial Group, Inc. (NYSE:CNO) Director Steven E. Shebik Buys 8,583 Shares

CNO Financial Group, Inc. (NYSE:CNO – Get Rating) Director Steven E. Shebik acquired 8,583 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The stock was purchased at an average price of $21.85 per share, with a total value of $187,538.55. Following the completion of the acquisition, the director now directly owns 39,565 shares of the company’s stock, valued at $864,495.25. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

CNO Financial Group Stock Performance

Shares of CNO Financial Group stock opened at $22.05 on Friday. CNO Financial Group, Inc. has a one year low of $16.56 and a one year high of $26.35. The company has a market capitalization of $2.53 billion, a PE ratio of 9.07 and a beta of 1.12. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.19 and a current ratio of 0.19. The company has a 50-day simple moving average of $21.76 and a two-hundred day simple moving average of $22.97.

CNO Financial Group (NYSE:CNO – Get Rating) last issued its quarterly earnings results on Monday, May 1st. The financial services provider reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.14). CNO Financial Group had a return on equity of 16.21% and a net margin of 7.59%. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $926.00 million. During the same quarter in the previous year, the firm posted $0.42 EPS. CNO Financial Group’s revenue was up 19.3% on a year-over-year basis. Research analysts expect that CNO Financial Group, Inc. will post 2.79 EPS for the current fiscal year.

CNO Financial Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 23rd. Stockholders of record on Friday, June 9th will be paid a dividend of $0.15 per share. This is a positive change from CNO Financial Group’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Thursday, June 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.72%. CNO Financial Group’s payout ratio is presently 24.69%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Morgan Stanley decreased their price objective on CNO Financial Group from $26.00 to $24.00 and set an “equal weight” rating for the company in a report on Wednesday, April 12th. Jefferies Financial Group boosted their target price on shares of CNO Financial Group from $23.00 to $25.00 and gave the stock a “hold” rating in a report on Tuesday, February 21st. StockNews.com started coverage on shares of CNO Financial Group in a report on Thursday. They issued a “hold” rating for the company. Piper Sandler reduced their target price on shares of CNO Financial Group from $28.00 to $24.00 and set a “neutral” rating for the company in a report on Wednesday, April 5th. Finally, Royal Bank of Canada boosted their target price on shares of CNO Financial Group from $26.00 to $28.00 and gave the stock an “outperform” rating in a report on Thursday, February 9th. Four research analysts have rated the stock with a hold rating and one has 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 an average target price of $25.25.

Institutional Investors Weigh In On CNO Financial Group

A number of large investors have recently modified their holdings of CNO. Wipfli Financial Advisors LLC purchased a new stake in shares of CNO Financial Group during the third quarter worth about $25,000. Quarry LP purchased a new stake in CNO Financial Group in the first quarter valued at approximately $26,000. Financial Management Professionals Inc. purchased a new stake in CNO Financial Group in the first quarter valued at approximately $28,000. Lazard Asset Management LLC purchased a new stake in CNO Financial Group in the third quarter valued at approximately $30,000. Finally, Point72 Hong Kong Ltd boosted its position in CNO Financial Group by 365.6% in the third quarter. Point72 Hong Kong Ltd now owns 1,676 shares of the financial services provider’s stock valued at $30,000 after buying an additional 1,316 shares during the last quarter. Hedge funds and other institutional investors own 96.15% of the company’s stock.

About CNO Financial Group

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CNO Financial Group, Inc is an insurance holding company, which engages in developing, marketing, and administering health insurance, annuity, individual life insurance and other insurance products. It operates through the following segments: Bankers Life, Washington National, and Colonial Penn. The Bankers Life segment markets and distributes medicare supplement insurance, interest-sensitive life insurance, traditional life insurance, fixed annuities and long-term care insurance products to the middle-income senior market through a dedicated field force of career agents and sales managers supported by a network of community-based sales offices.