CNO Financial Group Inc (CNO) EVP Matthew J. Zimpfer Sells 15,112 Shares
CNO Financial Group Inc (NYSE:CNO) EVP Matthew J. Zimpfer sold 15,112 shares of CNO Financial Group stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $16.51, for a total transaction of $249,499.12. Following the transaction, the executive vice president now directly owns 149,504 shares in the company, valued at $2,468,311.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
CNO stock opened at $16.76 on Friday. The company has a market cap of $2.67 billion, a price-to-earnings ratio of 9.16 and a beta of 1.29. CNO Financial Group Inc has a one year low of $13.64 and a one year high of $22.54. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.67.
CNO Financial Group (NYSE:CNO) last posted its quarterly earnings results on Monday, April 29th. The financial services provider reported $0.41 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.04). The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $951.93 million. CNO Financial Group had a positive return on equity of 7.75% and a negative net margin of 8.03%. The company’s revenue was up 1.5% compared to the same quarter last year. During the same period last year, the business posted $0.39 earnings per share. On average, analysts anticipate that CNO Financial Group Inc will post 2.02 EPS for the current year.
Hedge funds have recently bought and sold shares of the business. JOYN Advisors Inc. increased its stake in shares of CNO Financial Group by 447.9% in the fourth quarter. JOYN Advisors Inc. now owns 1,967 shares of the financial services provider’s stock worth $29,000 after buying an additional 1,608 shares during the period. Quadrant Capital Group LLC increased its stake in shares of CNO Financial Group by 888.0% in the first quarter. Quadrant Capital Group LLC now owns 3,952 shares of the financial services provider’s stock worth $61,000 after buying an additional 3,552 shares during the period. Advisors Preferred LLC purchased a new position in shares of CNO Financial Group in the fourth quarter worth $64,000. Oregon Public Employees Retirement Fund increased its stake in shares of CNO Financial Group by 1,388.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 982,214 shares of the financial services provider’s stock worth $66,000 after buying an additional 916,205 shares during the period. Finally, Amundi Pioneer Asset Management Inc. purchased a new position in shares of CNO Financial Group in the fourth quarter worth $91,000. 97.02% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have commented on the stock. ValuEngine raised shares of CNO Financial Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 8th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $21.00 price target on shares of CNO Financial Group in a research note on Thursday, February 14th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $21.00.
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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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