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.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 10th will be given a dividend of $0.11 per share. This is a positive change from CNO Financial Group’s previous quarterly dividend of $0.10. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend is Friday, June 7th. CNO Financial Group’s dividend payout ratio (DPR) is presently 21.86%.

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.

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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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Insider Buying and Selling by Quarter for CNO Financial Group (NYSE:CNO)

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