Insider Selling: CNO Financial Group Director Unloads 132,100 Shares of Stock (CNO)
CNO Financial Group (NYSE:CNO) Director Roger Keith Long sold 132,100 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $17.29, for a total transaction of $2,284,009.00. Following the completion of the sale, the director now directly owns 95,694 shares in the company, valued at approximately $1,654,549. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of CNO Financial Group (NYSE:CNO) traded down 0.34% during mid-day trading on Friday, hitting $17.70. 146,247 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 has a 50-day moving average of $17.03 and a 200-day moving average of $17.36. The company has a market cap of $3.764 billion and a price-to-earnings ratio of 16.64.
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 $1.22 EPS 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 1.35%. The ex-dividend date is Monday, September 8th.
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 analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target 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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