CNO Financial Group, Inc. (NYSE:CNO) Insider Jeremy David Williams Sells 11,300 Shares

CNO Financial Group, Inc. (NYSE:CNO) insider Jeremy David Williams sold 11,300 shares of the firm’s stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $41.51, for a total transaction of $469,063.00. Following the completion of the transaction, the insider now directly owns 65,299 shares in the company, valued at $2,710,561.49. This trade represents a 14.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Jeremy David Williams also recently made the following trade(s):

• On Wednesday, April 2nd, Jeremy David Williams sold 3,393 shares of CNO Financial Group stock. The shares were sold at an average price of $41.77, for a total transaction of $141,725.61.

CNO Financial Group Trading Down 6.6 %

NYSE CNO opened at $39.57 on Friday. CNO Financial Group, Inc. has a one year low of $24.92 and a one year high of $43.20. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.22 and a quick ratio of 0.19. The firm has a market cap of $3.97 billion, a P/E ratio of 10.58 and a beta of 1.02. The stock’s 50-day moving average is $40.65 and its 200-day moving average is $38.27.

CNO Financial Group (NYSE:CNO) last announced its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.25. CNO Financial Group had a net margin of 9.08% and a return on equity of 17.20%. Sell-side analysts anticipate that CNO Financial Group, Inc. will post 3.83 earnings per share for the current fiscal year.

CNO Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend was Monday, March 10th. CNO Financial Group’s dividend payout ratio (DPR) is presently 17.11%.

Analysts Set New Price Targets

CNO has been the topic 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 research note on Tuesday, December 10th. Keefe, Bruyette & Woods increased their target price on CNO Financial Group from $42.00 to $44.00 and gave the company a “market perform” rating in a research note on Wednesday, February 12th. Royal Bank of Canada raised their target price on CNO Financial Group from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. BMO Capital Markets initiated coverage on CNO Financial Group in a research note on Thursday, January 23rd. They issued a “market perform” rating and a $38.00 price target for the company. Finally, Piper Sandler increased their price target on shares of CNO Financial Group from $46.00 to $49.00 and gave the company an “overweight” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, CNO Financial Group currently has a consensus rating of “Hold” and a consensus target price of $41.00.

Institutional Trading of CNO Financial Group

Institutional investors have recently modified their holdings of the company. Versant Capital Management Inc grew its holdings in shares of CNO Financial Group by 148.6% during the first quarter. Versant Capital Management Inc now owns 1,099 shares of the financial services provider’s stock worth $46,000 after buying an additional 657 shares in the last quarter. 111 Capital bought a new stake in shares of CNO Financial Group in the fourth quarter worth $425,000. Wealth Enhancement Advisory Services LLC boosted its holdings in CNO Financial Group by 16.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,957 shares of the financial services provider’s stock worth $482,000 after purchasing an additional 1,873 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in CNO Financial Group in the fourth quarter valued at $15,093,000. Finally, Jefferies Financial Group Inc. acquired a new stake in CNO Financial Group in the 4th quarter valued at $896,000. 95.43% of the stock is currently owned by institutional investors.

About CNO Financial Group

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.