Key Points
- Insider sale: General Counsel Matthew Zimpfer sold 30,970 shares at an average price of $42.93 for about $1.33 million, cutting his stake by 9.14% to 307,937 shares, per an SEC filing.
- Quarterly results: CNO reported EPS of $1.47 versus a $1.20 consensus, with revenue up 4.2% year‑over‑year, indicating the quarter topped expectations.
- Dividend announced: The company declared a quarterly dividend of $0.17 per share ($0.68 annualized, ~1.6% yield), payable March 24 with an ex‑dividend/record date of March 10.
CNO Financial Group, Inc. (NYSE:CNO - Get Free Report) General Counsel Matthew Zimpfer sold 30,970 shares of the business's stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $42.93, for a total value of $1,329,542.10. Following the transaction, the general counsel directly owned 307,937 shares of the company's stock, valued at approximately $13,219,735.41. The trade was a 9.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.
CNO Financial Group Price Performance
Shares of CNO opened at $43.18 on Friday. The business has a 50-day moving average of $42.32 and a 200-day moving average of $40.38. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.17 and a quick ratio of 0.18. The company has a market capitalization of $4.12 billion, a price-to-earnings ratio of 19.36 and a beta of 0.84. CNO Financial Group, Inc. has a 1 year low of $34.63 and a 1 year high of $44.85.
CNO Financial Group (NYSE:CNO - Get Free Report) last posted its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.27. CNO Financial Group had a return on equity of 15.80% and a net margin of 4.94%.The firm had revenue of $101.10 million during the quarter, compared to analyst estimates of $1 billion. During the same period last year, the company posted $1.18 EPS. The business's quarterly revenue was up 4.2% on a year-over-year basis. As a group, equities research analysts anticipate that CNO Financial Group, Inc. will post 3.83 earnings per share for the current year.
CNO Financial Group Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, March 10th. CNO Financial Group's dividend payout ratio is presently 30.49%.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of CNO. American Century Companies Inc. increased its holdings in shares of CNO Financial Group by 6.2% in the second quarter. American Century Companies Inc. now owns 3,121,527 shares of the financial services provider's stock valued at $120,429,000 after purchasing an additional 183,493 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of CNO Financial Group in the 3rd quarter worth $1,077,000. AlphaQuest LLC acquired a new stake in shares of CNO Financial Group in the 3rd quarter worth $3,057,000. Allianz Asset Management GmbH lifted its holdings in CNO Financial Group by 70.9% in the second quarter. Allianz Asset Management GmbH now owns 1,546,745 shares of the financial services provider's stock valued at $59,673,000 after acquiring an additional 641,950 shares during the last quarter. Finally, Boston Partners increased its position in shares of CNO Financial Group by 141.1% during the 2nd quarter. Boston Partners now owns 86,148 shares of the financial services provider's stock worth $3,324,000 after purchasing an additional 50,411 shares during the last quarter. Hedge funds and other institutional investors own 95.43% of the company's stock.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on CNO shares. Jefferies Financial Group raised CNO Financial Group from a "hold" rating to a "buy" rating and upped their target price for the company from $42.00 to $47.00 in a report on Monday, December 15th. Wall Street Zen lowered CNO Financial Group from a "buy" rating to a "hold" rating in a report on Saturday, February 7th. Piper Sandler boosted their price objective on CNO Financial Group from $46.00 to $50.00 and gave the company an "overweight" rating in a research note on Tuesday, December 23rd. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of CNO Financial Group in a research note on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $47.33.
Check Out Our Latest Research Report on CNO
About CNO Financial Group
(
Get Free Report)
CNO Financial Group is an Indiana‐based holding company that offers a range of insurance and retirement solutions through its operating subsidiaries. Its primary business activities include life insurance, annuities, and supplemental health insurance products designed to help individuals plan for retirement and manage health‐related expenses. The company serves middle‐income Americans, with particular emphasis on senior customers seeking guaranteed coverage and reliable income streams.
Originally founded as Conseco in 1979, the company underwent a financial restructuring and rebranded as CNO Financial Group in 2010.
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