CNO Financial Group Director Sells $417,250 in Stock (CNO)
CNO Financial Group (NYSE:CNO) Director Roger Keith Long unloaded 25,000 shares of the company’s stock 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 transaction was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. 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, August 11th. 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 equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. CNO Financial Group currently has a consensus rating of “Buy” and a consensus price target of $20.50.
Shares of CNO Financial Group (NYSE:CNO) opened at 16.83 on Monday. CNO Financial Group has a one year low of $13.57 and a one year high of $19.34. The stock has a 50-day moving average of $17.07 and a 200-day moving average of $17.34. The company has a market cap of $3.579 billion and a P/E ratio of 15.77.
CNO Financial Group (NYSE:CNO) last announced its earnings results on Monday, July 28th. The company reported $0.29 earnings per share (EPS) 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 $1.22 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.