Insider Selling: CNO Financial Group Director Sells 100,000 Shares of Stock (CNO)
CNO Financial Group (NYSE:CNO) Director Roger Keith Long unloaded 100,000 shares of CNO Financial Group stock on the open market in a transaction dated Monday, August 18th. The stock was sold at an average price of $17.21, for a total value of $1,721,000.00. Following the completion of the transaction, the director now directly owns 95,694 shares of the company’s stock, valued at approximately $1,646,894. The transaction was disclosed in a filing with the SEC, which is available at this link.
A number of research firms have recently commented on CNO. 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 research analyst has rated the stock with a hold rating and four have given a buy rating to the company. CNO Financial Group has an average rating of “Buy” and a consensus price target of $20.50.
CNO Financial Group (NYSE:CNO) traded up 0.11% on Wednesday, hitting $17.46. 1,351,549 shares of the company’s stock traded hands. CNO Financial Group has a one year low of $13.57 and a one year high of $19.34. The stock’s 50-day moving average is $17.03 and its 200-day moving average is $17.36. The company has a market cap of $3.713 billion and a price-to-earnings ratio of 16.34.
CNO Financial Group (NYSE:CNO) last posted its quarterly earnings results on Monday, July 28th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the 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 declared a quarterly dividend, which is scheduled for Wednesday, September 24th. Stockholders 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 1.37%. 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.
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