Insider Selling: Susan Menzel Sells 75,000 Shares of CNO Financial Group Stock (CNO)
CNO Financial Group (NYSE:CNO) EVP Susan Menzel sold 75,000 shares of CNO Financial Group stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $14.73, for a total transaction of $1,104,750.00. Following the completion of the transaction, the executive vice president now directly owns 14,099 shares of the company’s stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated an “outperform” rating on shares of CNO Financial Group (NYSE:CNO) in a research note to investors on Tuesday, July 30th. They now have a $17.00 price target on the stock. Separately, analysts at Evercore Partners raised their price target on shares of CNO Financial Group (NYSE:CNO) from $13.50 to $16.00 in a research note to investors on Monday, July 15th. Finally, analysts at FBR Capital Markets raised their price target on shares of CNO Financial Group (NYSE:CNO) from $13.00 to $16.00 in a research note to investors on Tuesday, July 9th. They now have an “outperform” rating on the stock.
Three equities research analysts have rated the stock with a buy rating, CNO Financial Group has an average rating of “Buy” and a consensus target price of $14.40.
Shares of CNO Financial Group (NYSE:CNO) traded down 1.50% during mid-day trading on Thursday, hitting $14.40. 1,099,284 shares of the company’s stock traded hands. CNO Financial Group has a 52-week low of $8.26 and a 52-week high of $14.97. The stock has a 50-day moving average of $14.38 and a 200-day moving average of $12.60. The company has a market cap of $3.201 billion and a price-to-earnings ratio of 19.26.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 24th. Stockholders of record on Tuesday, September 10th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Friday, September 6th.
CNO Financial Group, Inc (NYSE:CNO) is a holding company for a group of insurance companies operating throughout the United States, which develops, markets and administers health insurance, annuity, individual life insurance and other insurance products.
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