Karen Detoro Sells 9,374 Shares of CNO Financial Group (NYSE:CNO) Stock

CNO Financial Group, Inc. (NYSE:CNO) insider Karen DeToro sold 9,374 shares of CNO Financial Group stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $54.98, for a total value of $515,382.52. Following the completion of the transaction, the insider owned 44,250 shares in the company, valued at $2,432,865. The trade was a 17.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CNO Financial Group Price Performance

Shares of NYSE:CNO opened at $56.71 on Friday. The business has a 50 day moving average price of $53.76 and a 200 day moving average price of $47.77. CNO Financial Group, Inc. has a twelve month low of $38.22 and a twelve month high of $57.59. The company has a market cap of $5.25 billion, a price-to-earnings ratio of 19.49 and a beta of 0.80. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 1.65.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.26 EPS for the quarter, topping the consensus estimate of $0.97 by $0.29. CNO Financial Group had a return on equity of 18.76% and a net margin of 6.02%.The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $999.45 million. During the same period in the previous year, the business posted $0.87 EPS. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. Research analysts predict that CNO Financial Group, Inc. will post 4.74 earnings per share for the current year.

CNO Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.72 dividend on an annualized basis and a yield of 1.3%. CNO Financial Group’s payout ratio is 24.74%.

CNO Financial Group News Roundup

Here are the key news stories impacting CNO Financial Group this week:

• Positive Sentiment: CNO’s investor briefing highlighted growth strategies and operating momentum in its worksite and Medicare businesses, offering investors greater visibility into potential expansion and future earnings. CNO Financial Highlights Growth in Worksite and Medicare Operations
• Positive Sentiment: The company recently reported quarterly earnings of $1.26 per share, well above the $0.97 analyst consensus, while revenue of $1.29 billion exceeded expectations and increased 11.6% year over year. Analysts expect approximately $4.74 in full-year EPS, supporting the stock’s valuation and recent strength.
• Positive Sentiment: CNO declared a quarterly dividend of $0.18 per share, equivalent to $0.72 annually and a yield of about 1.3%. The dividend’s payout ratio of roughly 24.7% suggests room to maintain the distribution if earnings remain solid. CNO Financial Group stock information
• Neutral Sentiment: Analyst sentiment remains mixed: CNO has two Buy ratings and three Hold ratings, with a consensus price target near $56. Several firms have recently raised their targets, including Capital One Financial at $70, but the average target implies limited upside from recent trading levels.
• Negative Sentiment: Insiders Karen J. Detoro and Jeanne L. Linnenbringer sold a combined approximately 39,213 shares worth about $2.15 million between August 31 and September 2. The transactions reduced their holdings and could create a modest overhang, although all sales were made under pre-arranged Rule 10b5-1 plans, making them less indicative of a new negative view on the business. Karen J. Detoro SEC Form 4 Jeanne L. Linnenbringer SEC Form 4

Hedge Funds Weigh In On CNO Financial Group

A number of hedge funds have recently made changes to their positions in CNO. Louisiana State Employees Retirement System acquired a new stake in CNO Financial Group during the 1st quarter valued at $1,125,000. Callan Family Office LLC acquired a new position in CNO Financial Group in the second quarter worth $1,089,000. BlackRock Inc. bought a new stake in shares of CNO Financial Group during the second quarter worth $682,433,000. Hsbc Holdings PLC grew its holdings in shares of CNO Financial Group by 102.1% during the fourth quarter. Hsbc Holdings PLC now owns 45,025 shares of the financial services provider’s stock worth $1,914,000 after purchasing an additional 22,749 shares during the last quarter. Finally, Deutsche Bank AG acquired a new stake in shares of CNO Financial Group in the second quarter valued at $6,545,000. Institutional investors and hedge funds own 95.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Wall Street Zen upgraded shares of CNO Financial Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Jefferies Financial Group cut shares of CNO Financial Group from a “buy” rating to a “hold” rating and increased their target price for the company from $53.00 to $55.00 in a research note on Friday, July 10th. Capital One Financial set a $70.00 target price on CNO Financial Group in a research report on Wednesday, August 26th. Evercore set a $48.00 price target on CNO Financial Group and gave the company an “in-line” rating in a research note on Monday, June 1st. Finally, Keefe, Bruyette & Woods upped their price target on CNO Financial Group from $53.00 to $57.00 and gave the company a “market perform” rating in a report on Monday, August 3rd. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, CNO Financial Group has a consensus rating of “Hold” and a consensus target price of $56.00.

CNO Financial Group Company Profile

CNO Financial Group is an Indiana‐based holding company that offers a range of insurance and retirement solutions through its operating subsidiaries. Its primary business activities include life insurance, annuities, and supplemental health insurance products designed to help individuals plan for retirement and manage health‐related expenses. The company serves middle‐income Americans, with particular emphasis on senior customers seeking guaranteed coverage and reliable income streams.

Originally founded as Conseco in 1979, the company underwent a financial restructuring and rebranded as CNO Financial Group in 2010.