Matthew J. Zimpfer Sells 15,112 Shares of CNO Financial Group Inc (CNO) Stock
CNO Financial Group Inc (NYSE:CNO) EVP Matthew J. Zimpfer sold 15,112 shares of CNO Financial Group stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $16.51, for a total transaction of $249,499.12. Following the transaction, the executive vice president now owns 149,504 shares of the company’s stock, valued at $2,468,311.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of CNO traded down $0.05 during trading hours on Wednesday, reaching $16.51. 23,423 shares of the stock traded hands, compared to its average volume of 999,971. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.25 and a quick ratio of 0.25. CNO Financial Group Inc has a 52 week low of $13.64 and a 52 week high of $22.54. The firm has a market capitalization of $2.65 billion, a P/E ratio of 8.99 and a beta of 1.29.
CNO Financial Group (NYSE:CNO) last released its quarterly earnings results on Monday, April 29th. The financial services provider reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). CNO Financial Group had a negative net margin of 8.03% and a positive return on equity of 7.75%. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $951.93 million. During the same period in the previous year, the business earned $0.39 earnings per share. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, equities research analysts expect that CNO Financial Group Inc will post 2.02 earnings per share for the current year.
A number of research analysts recently weighed in on the stock. ValuEngine raised shares of CNO Financial Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 8th. Zacks Investment Research lowered shares of CNO Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, January 15th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $21.00 price target on shares of CNO Financial Group in a research report on Thursday, February 14th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $21.00.
Several institutional investors and hedge funds have recently added to or reduced their stakes in CNO. BlackRock Inc. raised its position in CNO Financial Group by 5.9% in the fourth quarter. BlackRock Inc. now owns 20,673,231 shares of the financial services provider’s stock worth $307,616,000 after acquiring an additional 1,159,018 shares during the period. LSV Asset Management raised its position in CNO Financial Group by 0.5% in the fourth quarter. LSV Asset Management now owns 6,057,134 shares of the financial services provider’s stock worth $90,130,000 after acquiring an additional 33,000 shares during the period. Wellington Management Group LLP raised its position in CNO Financial Group by 9.3% in the first quarter. Wellington Management Group LLP now owns 4,517,063 shares of the financial services provider’s stock worth $73,086,000 after acquiring an additional 383,058 shares during the period. Paradice Investment Management LLC raised its position in CNO Financial Group by 2.2% in the first quarter. Paradice Investment Management LLC now owns 4,393,717 shares of the financial services provider’s stock worth $71,090,000 after acquiring an additional 93,969 shares during the period. Finally, Northern Trust Corp raised its position in CNO Financial Group by 0.3% in the first quarter. Northern Trust Corp now owns 4,275,530 shares of the financial services provider’s stock worth $69,178,000 after acquiring an additional 12,477 shares during the period. 97.02% of the stock is currently owned by institutional investors.
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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