Insider Selling: Roger Keith Long Sells 15,000 Shares of CNO Financial Group Stock (CNO)
CNO Financial Group (NYSE:CNO) Director Roger Keith Long sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $17.72, for a total transaction of $265,800.00. Following the transaction, the director now directly owns 95,694 shares of the company’s stock, valued at approximately $1,695,698. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
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, 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 investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $20.50.
CNO Financial Group (NYSE:CNO) traded down 0.73% on Friday, hitting $17.63. The stock had a trading volume of 655,275 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 $17.03 and a 200-day moving average of $17.36. The company has a market cap of $3.749 billion and a P/E ratio of 16.64.
CNO Financial Group (NYSE:CNO) last released 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. 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. Investors 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 1.35%. 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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