Jeremy David Williams Sells 3,393 Shares of CNO Financial Group, Inc. (NYSE:CNO) Stock

CNO Financial Group, Inc. (NYSE:CNO) insider Jeremy David Williams sold 3,393 shares of the company’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $41.77, for a total transaction of $141,725.61. Following the completion of the transaction, the insider now directly owns 56,599 shares in the company, valued at approximately $2,364,140.23. The trade was a 5.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Monday, March 31st, Jeremy David Williams sold 11,300 shares of CNO Financial Group stock. The stock was sold at an average price of $41.51, for a total value of $469,063.00.

CNO Financial Group Price Performance

Shares of CNO Financial Group stock opened at $36.83 on Friday. The stock has a market capitalization of $3.69 billion, a price-to-earnings ratio of 9.85 and a beta of 0.90. The company has a fifty day moving average of $40.61 and a 200-day moving average of $38.29. CNO Financial Group, Inc. has a 52-week low of $24.92 and a 52-week high of $43.20. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.19 and a current ratio of 0.22.

CNO Financial Group (NYSE:CNO) last posted its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.25. CNO Financial Group had a net margin of 9.08% and a return on equity of 17.20%. Equities research analysts expect that CNO Financial Group, Inc. will post 3.83 EPS for the current year.

CNO Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were paid a $0.16 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.64 dividend on an annualized basis and a yield of 1.74%. CNO Financial Group’s dividend payout ratio (DPR) is currently 17.11%.

Institutional Trading of CNO Financial Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp increased its stake in shares of CNO Financial Group by 368.2% in the fourth quarter. Jones Financial Companies Lllp now owns 796 shares of the financial services provider’s stock worth $30,000 after buying an additional 626 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of CNO Financial Group by 95.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 855 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 417 shares during the last quarter. Principal Securities Inc. boosted its holdings in shares of CNO Financial Group by 51.6% during the fourth quarter. Principal Securities Inc. now owns 955 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 325 shares during the period. Versant Capital Management Inc grew its stake in shares of CNO Financial Group by 148.6% in the first quarter. Versant Capital Management Inc now owns 1,099 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 657 shares during the last quarter. Finally, Headlands Technologies LLC increased its holdings in CNO Financial Group by 193.2% during the 4th quarter. Headlands Technologies LLC now owns 1,337 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 881 shares during the period. Institutional investors own 95.43% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on CNO. Piper Sandler boosted their price objective on CNO Financial Group from $46.00 to $49.00 and gave the stock an “overweight” rating in a report on Wednesday. Keefe, Bruyette & Woods increased their price target on shares of CNO Financial Group from $42.00 to $44.00 and gave the stock a “market perform” rating in a report on Wednesday, February 12th. Jefferies Financial Group lifted their price objective on shares of CNO Financial Group from $36.00 to $41.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. BMO Capital Markets began coverage on CNO Financial Group in a research note on Thursday, January 23rd. They issued a “market perform” rating and a $38.00 target price on the stock. Finally, Royal Bank of Canada lifted their price target on CNO Financial Group from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $41.00.

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.