CNO Financial Group Inc (NYSE:CNO) Director Frederick James Sievert sold 9,415 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $15.94, for a total transaction of $150,075.10. Following the completion of the transaction, the director now owns 65,555 shares in the company, valued at approximately $1,044,946.70. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

CNO Financial Group stock traded up $0.19 during trading hours on Thursday, hitting $16.15. The company had a trading volume of 8,286 shares, compared to its average volume of 843,739. The firm has a market capitalization of $2.48 billion, a P/E ratio of 8.74 and a beta of 1.23. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.25 and a quick ratio of 0.25. The firm’s fifty day moving average is $15.23 and its 200-day moving average is $16.24. CNO Financial Group Inc has a fifty-two week low of $13.64 and a fifty-two week high of $22.13.

CNO Financial Group (NYSE:CNO) last released its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $0.48 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.48. The firm had revenue of $979.80 million for the quarter, compared to analyst estimates of $956.66 million. CNO Financial Group had a negative net margin of 9.67% and a positive return on equity of 7.71%. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.49 EPS. Analysts anticipate that CNO Financial Group Inc will post 1.9 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th will be paid a dividend of $0.11 per share. The ex-dividend date is Monday, September 9th. This represents a $0.44 annualized dividend and a dividend yield of 2.72%. CNO Financial Group’s dividend payout ratio (DPR) is 24.04%.

Institutional investors and hedge funds have recently made changes to their positions in the company. Northern Trust Corp increased its stake in shares of CNO Financial Group by 0.8% during the 2nd quarter. Northern Trust Corp now owns 4,307,615 shares of the financial services provider’s stock worth $71,851,000 after purchasing an additional 32,085 shares during the last quarter. NumerixS Investment Technologies Inc increased its stake in shares of CNO Financial Group by 161.8% during the 1st quarter. NumerixS Investment Technologies Inc now owns 14,200 shares of the financial services provider’s stock worth $230,000 after purchasing an additional 8,775 shares during the last quarter. Virginia Retirement Systems ET AL increased its stake in shares of CNO Financial Group by 19.9% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 84,500 shares of the financial services provider’s stock worth $1,409,000 after purchasing an additional 14,000 shares during the last quarter. Carillon Tower Advisers Inc. increased its stake in shares of CNO Financial Group by 2.0% during the 2nd quarter. Carillon Tower Advisers Inc. now owns 165,482 shares of the financial services provider’s stock worth $2,760,000 after purchasing an additional 3,275 shares during the last quarter. Finally, Scout Investments Inc. increased its stake in shares of CNO Financial Group by 64.9% during the 2nd quarter. Scout Investments Inc. now owns 275,330 shares of the financial services provider’s stock worth $4,593,000 after purchasing an additional 108,354 shares during the last quarter. Institutional investors own 96.41% of the company’s stock.

Several research analysts have weighed in on CNO shares. Citigroup dropped their price objective on shares of CNO Financial Group from $18.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, September 13th. Zacks Investment Research lowered shares of CNO Financial Group from a “hold” rating to a “sell” rating and set a $17.00 price objective on the stock. in a research note on Thursday, September 12th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $18.33.

About CNO Financial Group

CNO Financial Group, Inc, through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, and other insurance products for senior and middle-income markets in the United States. It operates through Bankers Life, Washington National, Colonial Penn, and Long-Term Care in Run Off segments.

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