CNO Financial Group Director Sells $179,000 in Stock (CNO)
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.
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