CNO Financial Group, Inc. (NYSE:CNO - Get Free Report) CMO Rocco F. Tarasi III sold 1,484 shares of CNO Financial Group stock in a transaction on Monday, December 16th. The stock was 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 in the company, valued at $3,037,645.92. This trade represents a 1.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
CNO Financial Group Stock Performance
Shares of CNO opened at $35.76 on Thursday. CNO Financial Group, Inc. has a 12-month low of $24.92 and a 12-month high of $40.91. The business's fifty day moving average price is $37.59 and its 200 day moving average price is $33.51. 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 stock has a market capitalization of $3.69 billion, a PE ratio of 14.42 and a beta of 1.02.
CNO Financial Group (NYSE:CNO - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.29. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $945.44 million. CNO Financial Group had a return on equity of 17.53% and a net margin of 6.06%. The business's revenue was up 19.2% on a year-over-year basis. During the same quarter last year, the business posted $0.88 EPS. Equities research analysts forecast that CNO Financial Group, Inc. will post 3.73 EPS for the current year.
CNO Financial Group Dividend Announcement
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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 issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Tuesday, December 10th. CNO Financial Group's dividend payout ratio (DPR) is 25.81%.
Analysts Set New Price Targets
CNO has been the subject of a number of analyst reports. Jefferies Financial Group increased their price target on CNO Financial Group from $36.00 to $41.00 and gave the company a "hold" rating in a report on Tuesday, December 10th. Piper Sandler raised their price target on shares of CNO Financial Group from $42.00 to $44.00 and gave the stock an "overweight" rating in a research report on Wednesday. Finally, Royal Bank of Canada upped their price target on shares of CNO Financial Group from $38.00 to $40.00 and gave the company an "outperform" rating in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $37.00.
Check Out Our Latest Analysis on CNO Financial Group
Institutional Trading of CNO Financial Group
Large investors have recently modified their holdings of the company. DGS Capital Management LLC acquired a new position in CNO Financial Group during the 3rd quarter valued at about $256,000. Tidal Investments LLC increased its stake in shares of CNO Financial Group by 11.3% in the third quarter. Tidal Investments LLC now owns 11,246 shares of the financial services provider's stock valued at $395,000 after purchasing an additional 1,145 shares during the period. Vestcor Inc bought a new stake in shares of CNO Financial Group during the third quarter valued at approximately $579,000. Barclays PLC boosted its position in shares of CNO Financial Group by 113.7% during the third quarter. Barclays PLC now owns 219,141 shares of the financial services provider's stock worth $7,691,000 after buying an additional 116,617 shares during the period. Finally, EP Wealth Advisors LLC acquired a new stake in CNO Financial Group in the 3rd quarter valued at approximately $418,000. Institutional investors and hedge funds own 95.43% of the company's stock.
About CNO Financial Group
(
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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