CNO Financial Group Inc. (NYSE:CNO) dropped 3.6% during trading on Wednesday . The stock traded as low as $17.77 and last traded at $17.77, with a volume of 962,244 shares trading hands. The stock had previously closed at $18.43.

CNO has been the topic of several research reports. Citigroup Inc. cut their price objective on shares of CNO Financial Group from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, July 7th. FBR & Co reaffirmed a “buy” rating and issued a $21.00 price objective on shares of CNO Financial Group in a research report on Monday, April 18th. BTIG Research reaffirmed a “buy” rating on shares of CNO Financial Group in a research report on Friday, July 15th. Deutsche Bank AG cut their price objective on shares of CNO Financial Group from $20.00 to $19.00 and set a “hold” rating on the stock in a research report on Thursday, July 7th. Finally, Evercore ISI initiated coverage on shares of CNO Financial Group in a research report on Wednesday, July 6th. They set a “hold” rating and a $19.00 price target on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. CNO Financial Group currently has an average rating of “Hold” and an average target price of $20.31.

The stock has a market cap of $3.14 billion and a P/E ratio of 12.63. The firm has a 50-day moving average of $18.07 and a 200-day moving average of $18.09.

CNO Financial Group (NYSE:CNO) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.35 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.35. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $961.56 million. During the same quarter last year, the company earned $0.34 earnings per share. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. Equities research analysts predict that CNO Financial Group Inc. will post $1.39 earnings per share for the current fiscal year.

In other news, EVP Christopher J. Nickele sold 24,996 shares of the stock in a transaction on Thursday, June 23rd. The shares were sold at an average price of $19.25, for a total transaction of $481,173.00. Following the completion of the sale, the executive vice president now directly owns 74,975 shares in the company, valued at $1,443,268.75. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Bruce K. Baude sold 62,890 shares of the stock in a transaction on Thursday, May 19th. The stock was sold at an average price of $19.32, for a total transaction of $1,215,034.80. Following the sale, the executive vice president now owns 115,878 shares of the company’s stock, valued at $2,238,762.96. The disclosure for this sale can be found here.

Several large investors have recently bought and sold shares of CNO. Employees Retirement System of Texas boosted its stake in CNO Financial Group by 56.3% in the fourth quarter. Employees Retirement System of Texas now owns 211,000 shares of the company’s stock valued at $4,028,000 after buying an additional 76,000 shares during the period. Fiduciary Management Associates LLC boosted its stake in CNO Financial Group by 5,614.6% in the fourth quarter. Fiduciary Management Associates LLC now owns 1,386,080 shares of the company’s stock worth $26,459,000 after buying an additional 1,361,825 shares during the last quarter. Victory Capital Management Inc. boosted its stake in CNO Financial Group by 4.2% in the fourth quarter. Victory Capital Management Inc. now owns 3,403,620 shares of the company’s stock worth $64,975,000 after buying an additional 137,753 shares during the last quarter. Wells Fargo & Company MN boosted its stake in CNO Financial Group by 1.0% in the fourth quarter. Wells Fargo & Company MN now owns 3,323,187 shares of the company’s stock worth $63,439,000 after buying an additional 34,234 shares during the last quarter. Finally, Liberty Mutual Group Asset Management Inc. boosted its stake in CNO Financial Group by 51.3% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 123,911 shares of the company’s stock worth $2,366,000 after buying an additional 42,035 shares during the last quarter.

CNO Financial Group, Inc is a holding company for a group of insurance companies operating across the United States that develop, market and administer health insurance, annuity, individual life insurance and other insurance products. It operates through three operating segments: Bankers Life, Washington National and Colonial Penn.

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