Insider Selling: CNO Financial Group Director Unloads 20,000 Shares of Stock (CNO)
CNO Financial Group (NYSE:CNO) Director Roger Keith Long unloaded 20,000 shares of the company’s stock on the open market in a transaction dated Monday, September 23rd. The shares were sold at an average price of $14.02, for a total transaction of $280,400.00. Following the transaction, the director now directly owns 103,465 shares in the company, valued at approximately $1,450,579. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on CNO shares. Analysts at Zacks downgraded shares of CNO Financial Group (NYSE:CNO) from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $15.00 price target on the stock. Finally, 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.
One investment analyst has rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $14.00.
CNO Financial Group (NYSE:CNO) traded up 2.19% on Wednesday, hitting $14.47. The stock had a trading volume of 1,825,972 shares. CNO Financial Group has a 1-year low of $8.26 and a 1-year high of $14.97. The stock has a 50-day moving average of $14.37 and a 200-day moving average of $12.84. The company has a market cap of $3.217 billion and a price-to-earnings ratio of 18.66.
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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