CNO Financial Group, Inc. (NYSE:CNO) Insider Jeanne L. Linnenbringer Sells 5,364 Shares

CNO Financial Group, Inc. (NYSE:CNO) insider Jeanne L. Linnenbringer sold 5,364 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $34.88, for a total transaction of $187,096.32. Following the sale, the insider now directly owns 44,884 shares in the company, valued at $1,565,553.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

CNO Financial Group Stock Down 0.7 %

Shares of CNO opened at $34.26 on Friday. The company has a market capitalization of $3.71 billion, a price-to-earnings ratio of 9.99 and a beta of 1.04. CNO Financial Group, Inc. has a 52 week low of $22.27 and a 52 week high of $35.45. The stock’s 50-day moving average price is $31.42 and its 200-day moving average price is $28.63. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 1.66.

CNO Financial Group (NYSE:CNO) last released its quarterly earnings data on Monday, July 29th. The financial services provider reported $1.05 EPS for the quarter, topping the consensus estimate of $0.72 by $0.33. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $929.99 million. CNO Financial Group had a return on equity of 18.30% and a net margin of 9.96%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.54 EPS. On average, sell-side analysts predict that CNO Financial Group, Inc. will post 3.43 EPS for the current year.

CNO Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th will be issued a $0.16 dividend. The ex-dividend date is Tuesday, September 10th. This represents a $0.64 dividend on an annualized basis and a yield of 1.87%. CNO Financial Group’s payout ratio is 18.66%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CNO. Principal Financial Group Inc. increased its holdings in CNO Financial Group by 3.6% in the 4th quarter. Principal Financial Group Inc. now owns 2,226,375 shares of the financial services provider’s stock worth $62,116,000 after acquiring an additional 76,514 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of CNO Financial Group during the second quarter worth about $852,000. Trexquant Investment LP acquired a new position in shares of CNO Financial Group during the 4th quarter worth about $1,250,000. State Board of Administration of Florida Retirement System lifted its stake in CNO Financial Group by 30.9% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 105,374 shares of the financial services provider’s stock valued at $2,896,000 after buying an additional 24,844 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in CNO Financial Group in the 1st quarter worth about $890,000. Institutional investors and hedge funds own 95.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Keefe, Bruyette & Woods boosted their price target on CNO Financial Group from $30.00 to $31.00 and gave the company a “market perform” rating in a research note on Monday, July 8th. Royal Bank of Canada upped their target price on CNO Financial Group from $30.00 to $38.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Piper Sandler raised their price target on shares of CNO Financial Group from $29.00 to $31.00 and gave the stock an “overweight” rating in a research report on Friday, June 28th. Finally, Evercore ISI upped their price objective on shares of CNO Financial Group from $27.00 to $29.00 and gave the company an “underperform” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $30.60.

About CNO Financial Group

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.