Insider Selling: CNO Financial Group Director Unloads 25,000 Shares of Stock (CNO)
CNO Financial Group (NYSE:CNO) Director Roger Keith Long sold 25,000 shares of the stock on the open market in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $16.69, for a total value of $417,250.00. Following the sale, the director now directly owns 95,694 shares of the company’s stock, valued at approximately $1,597,133. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of CNO Financial Group (NYSE:CNO) traded up 1.49% on Thursday, hitting $17.05. 1,024,786 shares of the company’s stock traded hands. CNO Financial Group has a 52 week low of $13.57 and a 52 week high of $19.34. The stock’s 50-day moving average is $17.1 and its 200-day moving average is $17.34. The company has a market cap of $3.626 billion and a P/E ratio of 15.75.
CNO Financial Group (NYSE:CNO) last posted its earnings data 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. On average, analysts predict that CNO Financial Group will post $1.22 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 24th. Investors 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 1.43%. The ex-dividend date is Monday, September 8th.
CNO has been the subject of a number of recent research reports. 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 analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $20.50.
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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