Rocco F. Tarasi III Sells 1,484 Shares of CNO Financial Group, Inc. (NYSE:CNO) Stock

CNO Financial Group, Inc. (NYSE:CNO) CMO Rocco F. Tarasi III sold 1,484 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $38.02, for a total transaction of $56,421.68. Following the sale, the chief marketing officer now directly owns 79,896 shares of the company’s stock, valued at $3,037,645.92. The trade was a 1.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

CNO Financial Group Price Performance

CNO stock opened at $36.02 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.19 and a quick ratio of 0.19. CNO Financial Group, Inc. has a 1 year low of $24.92 and a 1 year high of $40.91. The firm has a 50-day moving average of $37.63 and a 200 day moving average of $33.53. The company has a market cap of $3.72 billion, a P/E ratio of 14.52 and a beta of 1.02.

CNO Financial Group (NYSE:CNO) last released its earnings results on Thursday, October 31st. The financial services provider reported $1.11 EPS for the quarter, beating analysts’ consensus estimates 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%. The firm’s revenue for the quarter was up 19.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.88 EPS. On average, sell-side analysts forecast that CNO Financial Group, Inc. will post 3.73 EPS for the current year.

CNO Financial Group Announces Dividend

The firm also recently announced 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 1.78%. The ex-dividend date is Tuesday, December 10th. CNO Financial Group’s dividend payout ratio is presently 25.81%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Royal Bank of Canada increased their target price on shares of CNO Financial Group from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Piper Sandler increased their price objective on CNO Financial Group from $42.00 to $44.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Jefferies Financial Group boosted their target price on CNO Financial Group from $36.00 to $41.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, CNO Financial Group currently has a consensus rating of “Hold” and an average price target of $37.00.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of CNO Financial Group during the second quarter valued at approximately $852,000. DekaBank Deutsche Girozentrale boosted its holdings in CNO Financial Group by 680.0% in the second quarter. DekaBank Deutsche Girozentrale now owns 34,584 shares of the financial services provider’s stock worth $949,000 after acquiring an additional 30,150 shares in the last quarter. Interval Partners LP purchased a new stake in shares of CNO Financial Group in the second quarter worth $2,360,000. BNP Paribas Financial Markets increased its holdings in shares of CNO Financial Group by 69.8% during the third quarter. BNP Paribas Financial Markets now owns 39,946 shares of the financial services provider’s stock valued at $1,402,000 after acquiring an additional 16,420 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of CNO Financial Group by 97.2% during the second quarter. Allspring Global Investments Holdings LLC now owns 622,348 shares of the financial services provider’s stock valued at $17,251,000 after acquiring an additional 306,751 shares in the last quarter. 95.43% of the stock is owned by hedge funds and other institutional investors.

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.