CNO Financial Group, Inc. (NYSE:CNO - Get Free Report) insider Karen Detoro sold 2,778 shares of CNO Financial Group stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $27.10, for a total transaction of $75,283.80. Following the sale, the insider now directly owns 69,605 shares of the company's stock, valued at approximately $1,886,295.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Karen Detoro also recently made the following trade(s):
- On Tuesday, April 2nd, Karen Detoro sold 2,666 shares of CNO Financial Group stock. The shares were sold at an average price of $27.12, for a total value of $72,301.92.
- On Tuesday, March 26th, Karen Detoro sold 1,307 shares of CNO Financial Group stock. The stock was sold at an average price of $26.94, for a total value of $35,210.58.
- On Wednesday, March 20th, Karen Detoro sold 1,282 shares of CNO Financial Group stock. The shares were sold at an average price of $27.00, for a total value of $34,614.00.
CNO Financial Group Stock Down 1.2 %
Shares of CNO Financial Group stock opened at $26.75 on Wednesday. CNO Financial Group, Inc. has a 12-month low of $19.95 and a 12-month high of $28.39. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 1.50. The stock has a 50 day moving average price of $26.88 and a two-hundred day moving average price of $26.10. The stock has a market capitalization of $2.92 billion, a P/E ratio of 11.10 and a beta of 1.03.
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CNO Financial Group (NYSE:CNO - Get Free Report) last posted its quarterly earnings data on Tuesday, February 6th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.33. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $934.05 million. CNO Financial Group had a net margin of 6.67% and a return on equity of 17.51%. Equities analysts expect that CNO Financial Group, Inc. will post 3.19 earnings per share for the current year.
CNO Financial Group Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.24%. The ex-dividend date was Thursday, March 7th. CNO Financial Group's dividend payout ratio is currently 24.90%.
Hedge Funds Weigh In On CNO Financial Group
Several large investors have recently made changes to their positions in the business. Quarry LP acquired a new stake in CNO Financial Group in the 1st quarter valued at approximately $26,000. KBC Group NV acquired a new stake in shares of CNO Financial Group in the fourth quarter worth $40,000. Ronald Blue Trust Inc. grew its stake in shares of CNO Financial Group by 95.8% in the third quarter. Ronald Blue Trust Inc. now owns 1,915 shares of the financial services provider's stock worth $45,000 after acquiring an additional 937 shares during the last quarter. West Tower Group LLC bought a new position in CNO Financial Group during the fourth quarter worth $45,000. Finally, Daiwa Securities Group Inc. acquired a new position in CNO Financial Group during the 4th quarter valued at $50,000. Institutional investors and hedge funds own 95.43% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on CNO shares. Royal Bank of Canada raised their price objective on shares of CNO Financial Group from $29.00 to $30.00 and gave the company an "outperform" rating in a research report on Thursday, February 8th. Evercore ISI raised their price target on shares of CNO Financial Group from $26.00 to $27.00 and gave the company an "underperform" rating in a report on Wednesday, February 28th. Finally, StockNews.com cut shares of CNO Financial Group from a "buy" rating to a "hold" rating in a report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $26.25.
View Our Latest Analysis on CNO Financial Group
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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