CNO Financial Group (NYSE:CNO) Insider Karen Detoro Sells 9,374 Shares of Stock

CNO Financial Group, Inc. (NYSE:CNO) insider Karen Detoro sold 9,374 shares of the stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $54.98, for a total value of $515,382.52. Following the completion of the transaction, the insider directly owned 44,250 shares of the company’s stock, valued at approximately $2,432,865. The trade was a 17.48% 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 Stock Performance

Shares of NYSE:CNO opened at $55.33 on Thursday. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.17 and a quick ratio of 0.17. The business’s fifty day moving average price is $53.67 and its two-hundred day moving average price is $47.68. CNO Financial Group, Inc. has a fifty-two week low of $38.22 and a fifty-two week high of $57.59. The stock has a market capitalization of $5.12 billion, a price-to-earnings ratio of 19.01 and a beta of 0.80.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.29. CNO Financial Group had a return on equity of 18.76% and a net margin of 6.02%.The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $999.45 million. During the same period last year, the business earned $0.87 earnings per share. The business’s revenue was up 11.6% on a year-over-year basis. As a group, analysts predict that CNO Financial Group, Inc. will post 4.74 EPS for the current fiscal year.

CNO Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 10th. CNO Financial Group’s dividend payout ratio is currently 24.74%.

Hedge Funds Weigh In On CNO Financial Group

Several hedge funds have recently added to or reduced their stakes in CNO. BlackRock Inc. bought a new stake in CNO Financial Group during the 2nd quarter worth about $682,433,000. California State Teachers Retirement System grew its position in shares of CNO Financial Group by 4,851.5% during the 2nd quarter. California State Teachers Retirement System now owns 5,354,939 shares of the financial services provider’s stock worth $272,995,000 after buying an additional 5,246,791 shares during the period. Pzena Investment Management LLC bought a new stake in shares of CNO Financial Group during the second quarter worth approximately $124,476,000. Bank of America Corp DE acquired a new position in CNO Financial Group in the second quarter valued at approximately $50,034,000. Finally, Bank of New York Mellon Corp bought a new position in CNO Financial Group in the second quarter valued at approximately $44,529,000. Institutional investors own 95.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on CNO shares. Jefferies Financial Group lowered CNO Financial Group from a “buy” rating to a “hold” rating and increased their price target for the stock from $53.00 to $55.00 in a research report on Friday, July 10th. Keefe, Bruyette & Woods increased their target price on CNO Financial Group from $53.00 to $57.00 and gave the stock a “market perform” rating in a report on Monday, August 3rd. Capital One Financial set a $70.00 price target on CNO Financial Group in a report on Wednesday, August 26th. Weiss Ratings raised shares of CNO Financial Group from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, August 11th. Finally, Wall Street Zen upgraded shares of CNO Financial Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $56.00.

CNO Financial Group News Summary

Here are the key news stories impacting CNO Financial Group this week:

• Positive Sentiment: CNO’s September 1 investor briefing highlighted growth strategies and operating momentum in its worksite and Medicare operations, potentially reinforcing the investment case and helping support the stock’s recent strength. CNO Financial Highlights Growth in Worksite and Medicare Operations
• Positive Sentiment: Management’s discussion of business strategies and growth drivers in the worksite and Medicare segments gives investors additional visibility into potential expansion areas and future earnings support. CNO Financial Group Discusses Worksite and Medicare Business Strategies and Growth Drivers Transcript
• Negative Sentiment: Insiders Karen J. Detoro and Jeanne L. Linnenbringer collectively sold approximately 39,213 shares worth about $2.15 million across August 31 through September 2. The sales reduce their individual holdings and could signal profit-taking or create a modest overhang, though both sets of transactions were executed under pre-arranged Rule 10b5-1 plans. Karen J. Detoro SEC Form 4 Jeanne L. Linnenbringer SEC Form 4

About CNO Financial Group

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.