CNO Financial Group CEO Edward J. Bonach Sells 76,333 Shares (CNO)
CNO Financial Group (NYSE:CNO) CEO Edward J. Bonach sold 76,333 shares of CNO Financial Group stock on the open market in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $16.36, for a total value of $1,248,807.88. Following the sale, the chief executive officer now directly owns 436,066 shares of the company’s stock, valued at approximately $7,134,040. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on CNO shares. Analysts at Morgan Stanley upgraded shares of CNO Financial Group from an “equal weight” rating to an “overweight” rating in a research note on Monday. Separately, analysts at Zacks reiterated an “outperform” rating on shares of CNO Financial Group in a research note on Tuesday, July 29th. They now have a $21.00 price target on the stock. Finally, analysts at FBR Capital Markets reiterated an “outperform” rating on shares of CNO Financial Group in a research note on Friday, July 18th. They now have a $21.00 price target on the stock, up previously from $20.00. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $20.50.
Shares of CNO Financial Group (NYSE:CNO) traded up 2.44% on Monday, hitting $16.77. The stock had a trading volume of 1,113,100 shares. CNO Financial Group has a 52 week low of $13.57 and a 52 week high of $19.34. The stock has a 50-day moving average of $17. and a 200-day moving average of $17.37. The company has a market cap of $3.567 billion and a price-to-earnings ratio of 15.34.
CNO Financial Group (NYSE:CNO) last announced its earnings results on Monday, July 28th. The company reported $0.29 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.31 by $0.02. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $991.89 million. Analysts expect that CNO Financial Group will post $1.21 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 24th. Stockholders of record on Wednesday, September 10th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Monday, September 8th.
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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