CNO Financial Group, Inc. (NYSE:CNO) CIO Eric R. Johnson Sells 3,978 Shares

CNO Financial Group, Inc. (NYSE:CNO) CIO Eric R. Johnson sold 3,978 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $39.09, for a total value of $155,500.02. Following the sale, the executive now directly owns 631,844 shares in the company, valued at approximately $24,698,781.96. The trade was a 0.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

CNO Financial Group Stock Up 1.4 %

Shares of CNO stock opened at $39.38 on Friday. The stock has a 50 day moving average of $35.93 and a 200 day moving average of $32.07. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 1.50. The stock has a market cap of $4.06 billion, a P/E ratio of 15.88 and a beta of 1.01. CNO Financial Group, Inc. has a twelve month low of $24.92 and a twelve month high of $40.29.

CNO Financial Group (NYSE:CNO) last announced its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.29. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $945.44 million. CNO Financial Group had a return on equity of 17.53% and a net margin of 6.06%. CNO Financial Group’s quarterly revenue was up 19.2% on a year-over-year basis. During the same period last year, the business earned $0.88 earnings per share. As a group, sell-side analysts expect that CNO Financial Group, Inc. will post 3.73 EPS for the current year.

CNO Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 10th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Tuesday, December 10th. CNO Financial Group’s dividend payout ratio (DPR) is presently 25.81%.

Institutional Trading of CNO Financial Group

Several large investors have recently made changes to their positions in CNO. SG Americas Securities LLC increased its position in shares of CNO Financial Group by 65.8% during the first quarter. SG Americas Securities LLC now owns 13,645 shares of the financial services provider’s stock worth $375,000 after purchasing an additional 5,415 shares in the last quarter. Sei Investments Co. increased its holdings in shares of CNO Financial Group by 11.8% in the 1st quarter. Sei Investments Co. now owns 119,364 shares of the financial services provider’s stock valued at $3,280,000 after acquiring an additional 12,556 shares during the last quarter. ProShare Advisors LLC lifted its position in CNO Financial Group by 4.2% during the 1st quarter. ProShare Advisors LLC now owns 25,476 shares of the financial services provider’s stock worth $700,000 after acquiring an additional 1,024 shares during the period. State Board of Administration of Florida Retirement System lifted its position in CNO Financial Group by 30.9% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 105,374 shares of the financial services provider’s stock worth $2,896,000 after acquiring an additional 24,844 shares during the period. Finally, Blair William & Co. IL lifted its holdings in shares of CNO Financial Group by 2.1% in the 1st quarter. Blair William & Co. IL now owns 19,189 shares of the financial services provider’s stock valued at $527,000 after buying an additional 399 shares during the period. 95.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CNO has been the subject of several recent analyst reports. Piper Sandler raised their price target on CNO Financial Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Evercore ISI lifted their target price on CNO Financial Group from $27.00 to $29.00 and gave the stock an “underperform” rating in a report on Wednesday, July 31st. Finally, Royal Bank of Canada lifted their target price on CNO Financial Group from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $34.50.

CNO Financial Group Company Profile

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.