Share on StockTwits

CNO Financial Group (NYSE:CNO) Director Roger Keith Long sold 10,000 shares of CNO Financial Group stock on the open market in a transaction dated Friday, August 29th. The stock was sold at an average price of $17.90, for a total transaction of $179,000.00. Following the sale, the director now directly owns 85,694 shares of the company’s stock, valued at approximately $1,533,923. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

CNO Financial Group (NYSE:CNO) traded down 1.38% during mid-day trading on Wednesday, hitting $17.82. 806,920 shares of the company’s stock traded hands. CNO Financial Group has a 1-year low of $13.83 and a 1-year high of $19.34. The stock’s 50-day moving average is $17. and its 200-day moving average is $17.40. The company has a market cap of $3.790 billion and a price-to-earnings ratio of 16.94.

CNO Financial Group (NYSE:CNO) last posted its quarterly earnings results on Monday, July 28th. The company reported $0.29 EPS for the quarter, missing the Thomson Reuters 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.

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 investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. CNO Financial Group 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.

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.