CNO Financial Group, Inc. (NYSE:CNO - Get Free Report) CMO Rocco Tarasi III sold 3,308 shares of the company's stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $49.00, for a total transaction of $162,092.00. Following the transaction, the chief marketing officer owned 79,191 shares in the company, valued at $3,880,359. The trade was a 4.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
CNO Financial Group Price Performance
Shares of CNO stock opened at $49.99 on Friday. CNO Financial Group, Inc. has a 1 year low of $35.24 and a 1 year high of $50.20. The firm's 50 day moving average is $45.21 and its 200-day moving average is $43.02. The firm has a market capitalization of $4.67 billion, a price-to-earnings ratio of 20.08 and a beta of 0.81. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 1.61.
CNO Financial Group Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th will be given a dividend of $0.18 per share. The ex-dividend date is Wednesday, June 10th. This is a positive change from CNO Financial Group's previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.4%. CNO Financial Group's dividend payout ratio (DPR) is currently 28.92%.
Hedge Funds Weigh In On CNO Financial Group
Several large investors have recently bought and sold shares of the business. Optiver Holding B.V. lifted its holdings in CNO Financial Group by 90.1% in the third quarter. Optiver Holding B.V. now owns 637 shares of the financial services provider's stock valued at $25,000 after buying an additional 302 shares during the period. Osaic Holdings Inc. lifted its holdings in CNO Financial Group by 39.2% in the second quarter. Osaic Holdings Inc. now owns 1,194 shares of the financial services provider's stock valued at $46,000 after buying an additional 336 shares during the period. Signaturefd LLC lifted its holdings in CNO Financial Group by 18.7% in the fourth quarter. Signaturefd LLC now owns 2,217 shares of the financial services provider's stock valued at $94,000 after buying an additional 349 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in CNO Financial Group by 32.1% in the third quarter. EverSource Wealth Advisors LLC now owns 1,553 shares of the financial services provider's stock valued at $61,000 after buying an additional 377 shares during the period. Finally, Fifth Third Bancorp lifted its holdings in CNO Financial Group by 25.0% in the fourth quarter. Fifth Third Bancorp now owns 1,888 shares of the financial services provider's stock valued at $80,000 after buying an additional 377 shares during the period. 95.43% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on CNO. Keefe, Bruyette & Woods upped their target price on shares of CNO Financial Group from $46.00 to $50.00 and gave the stock a "market perform" rating in a research report on Tuesday, May 5th. Wall Street Zen lowered shares of CNO Financial Group from a "buy" rating to a "hold" rating in a research report on Saturday, March 28th. Evercore set a $48.00 target price on shares of CNO Financial Group and gave the stock an "in-line" rating in a research report on Monday, June 1st. Finally, Weiss Ratings restated a "buy (b)" rating on shares of CNO Financial Group in a report on Monday, April 20th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, CNO Financial Group has an average rating of "Moderate Buy" and a consensus target price of $48.75.
Check Out Our Latest Analysis on CNO Financial Group
CNO Financial Group Company Profile
(
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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