Gary C. Bhojwani Sells 16,837 Shares of CNO Financial Group, Inc. (NYSE:CNO) Stock

CNO Financial Group, Inc. (NYSE:CNOGet Free Report) CEO Gary C. Bhojwani sold 16,837 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $27.00, for a total value of $454,599.00. Following the completion of the sale, the chief executive officer now owns 406,808 shares in the company, valued at approximately $10,983,816. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

CNO Financial Group Trading Down 2.3 %

CNO Financial Group stock opened at $26.54 on Friday. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 1.50. CNO Financial Group, Inc. has a 12 month low of $19.95 and a 12 month high of $28.39. The stock’s 50 day simple moving average is $26.97 and its two-hundred day simple moving average is $25.77. The firm has a market cap of $2.89 billion, a PE ratio of 11.01 and a beta of 1.03.

CNO Financial Group (NYSE:CNOGet Free Report) last released its quarterly earnings data on Tuesday, February 6th. The financial services provider reported $1.18 EPS for the quarter, topping the consensus estimate of $0.85 by $0.33. CNO Financial Group had a return on equity of 17.51% and a net margin of 6.67%. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $934.05 million. Analysts anticipate that CNO Financial Group, Inc. will post 3.17 earnings per share for the current year.

CNO Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.26%. CNO Financial Group’s dividend payout ratio (DPR) is 24.90%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. American Century Companies Inc. lifted its position in shares of CNO Financial Group by 10.2% during the 3rd quarter. American Century Companies Inc. now owns 1,350,120 shares of the financial services provider’s stock valued at $32,038,000 after buying an additional 125,047 shares in the last quarter. Hsbc Holdings PLC purchased a new position in shares of CNO Financial Group during the 3rd quarter valued at approximately $1,257,000. Massachusetts Financial Services Co. MA lifted its position in shares of CNO Financial Group by 1.2% during 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 buying an additional 22,012 shares in the last quarter. Ibex Wealth Advisors purchased a new position in shares of CNO Financial Group during the 3rd quarter valued at approximately $466,000. Finally, Mackenzie Financial Corp raised its stake in CNO Financial Group by 27.6% in the 3rd quarter. Mackenzie Financial Corp now owns 28,249 shares of the financial services provider’s stock valued at $646,000 after purchasing an additional 6,102 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Evercore ISI upped their target price on CNO Financial Group from $26.00 to $27.00 and gave the company an “underperform” rating in a research report on Wednesday, February 28th. StockNews.com upgraded CNO Financial Group from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. Finally, Royal Bank of Canada upped their price objective on CNO Financial Group from $29.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $25.80.

View Our Latest Stock Analysis on CNO Financial Group

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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