CNO Financial Group, Inc. (NYSE:CNO - Get Free Report) insider Jeremy David Williams sold 4,783 shares of the firm's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $40.09, for a total transaction of $191,750.47. Following the completion of the sale, the insider now owns 62,121 shares of the company's stock, valued at $2,490,430.89. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.
CNO Financial Group Trading Down 1.1 %
Shares of NYSE CNO opened at $39.56 on Wednesday. CNO Financial Group, Inc. has a fifty-two week low of $24.24 and a fifty-two week high of $40.29. The firm has a market capitalization of $4.18 billion, a P/E ratio of 15.95 and a beta of 1.01. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.19 and a quick ratio of 0.19. The company's 50 day simple moving average is $35.09 and its 200 day simple moving average is $31.54.
CNO Financial Group (NYSE:CNO - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.82 by $0.29. CNO Financial Group had a return on equity of 17.53% and a net margin of 6.06%. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $945.44 million. During the same quarter in the prior year, the business posted $0.88 EPS. The firm's quarterly revenue was up 19.2% on a year-over-year basis. On average, analysts predict that CNO Financial Group, Inc. will post 3.63 EPS for the current year.
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Several analysts have recently commented on CNO shares. Evercore ISI increased their price target on shares of CNO Financial Group from $27.00 to $29.00 and gave the company an "underperform" rating in a research note on Wednesday, July 31st. Piper Sandler increased their price objective on CNO Financial Group from $37.00 to $38.00 and gave the company an "overweight" rating in a research report on Wednesday, October 2nd. Finally, Royal Bank of Canada boosted their target price on CNO Financial Group from $38.00 to $40.00 and gave the stock an "outperform" rating in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $34.50.
Check Out Our Latest Analysis on CNO Financial Group
Institutional Trading of CNO Financial Group
A number of institutional investors and hedge funds have recently modified their holdings of the stock. CWM LLC grew its holdings in CNO Financial Group by 64.1% during the second quarter. CWM LLC now owns 1,144 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 447 shares during the period. Quarry LP grew its holdings in shares of CNO Financial Group by 123.2% in the 2nd quarter. Quarry LP now owns 1,694 shares of the financial services provider's stock valued at $47,000 after buying an additional 935 shares during the period. EntryPoint Capital LLC acquired a new position in shares of CNO Financial Group in the 1st quarter valued at $52,000. GAMMA Investing LLC increased its position in shares of CNO Financial Group by 141.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,985 shares of the financial services provider's stock valued at $70,000 after buying an additional 1,164 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in CNO Financial Group by 25.4% during the second quarter. Blue Trust Inc. now owns 2,384 shares of the financial services provider's stock worth $66,000 after acquiring an additional 483 shares in the last quarter. 95.43% of the stock is owned by institutional investors.
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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