CNO Financial Group, Inc. (NYSE:CNO - Get Free Report) 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 transaction of $155,500.02. Following the transaction, the executive now directly owns 631,844 shares in the company, valued at $24,698,781.96. The trade was a 0.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
CNO Financial Group Stock Up 0.0 %
CNO opened at $38.97 on Wednesday. The company's 50-day moving average price is $35.66 and its two-hundred day moving average price is $31.97. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 1.50. CNO Financial Group, Inc. has a twelve month low of $24.92 and a twelve month high of $40.29. The stock has a market cap of $4.02 billion, a price-to-earnings ratio of 15.71 and a beta of 1.01.
CNO Financial Group (NYSE:CNO - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.11 EPS for the quarter, beating the consensus estimate 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 business 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 earned $0.88 earnings per share. CNO Financial Group's revenue for the quarter was up 19.2% on a year-over-year basis. As a group, equities analysts expect that CNO Financial Group, Inc. will post 3.73 earnings per share for the current year.
CNO Financial Group Announces Dividend
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The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 10th will be paid a dividend of $0.16 per share. The ex-dividend date is Tuesday, December 10th. This represents a $0.64 annualized dividend and a dividend yield of 1.64%. CNO Financial Group's payout ratio is 25.81%.
Institutional Investors Weigh In On CNO Financial Group
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CWM LLC boosted its position 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 worth $32,000 after purchasing an additional 447 shares during the period. Quarry LP lifted its stake in shares of CNO Financial Group by 123.2% during 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 in the last quarter. EntryPoint Capital LLC purchased a new stake in shares of CNO Financial Group during the 1st quarter valued at approximately $52,000. GAMMA Investing LLC boosted its holdings in 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 worth $70,000 after buying an additional 1,164 shares during the period. Finally, Blue Trust Inc. grew its stake in CNO Financial Group by 25.4% in the 2nd quarter. Blue Trust Inc. now owns 2,384 shares of the financial services provider's stock valued at $66,000 after buying an additional 483 shares in the last quarter. 95.43% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
CNO has been the topic of several recent analyst reports. Piper Sandler lifted their target price on shares of CNO Financial Group from $37.00 to $38.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 2nd. Royal Bank of Canada lifted their price target on CNO Financial Group from $38.00 to $40.00 and gave the stock an "outperform" rating in a report on Monday, November 4th. Finally, Evercore ISI upped their price objective on CNO Financial Group from $27.00 to $29.00 and gave the company an "underperform" rating in a research note on Wednesday, July 31st. One 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 company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $34.50.
Get Our Latest Research Report on CNO Financial Group
About CNO Financial Group
(
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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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