CNO Financial Group Inc (CNO) Director Purchases $37,000.00 in Stock

CNO Financial Group Inc (NYSE:CNO) Director Stephen N. David bought 2,000 shares of the company’s stock in a transaction that occurred on Monday, November 5th. The stock was purchased at an average price of $18.50 per share, for a total transaction of $37,000.00. Following the acquisition, the director now owns 19,706 shares of the company’s stock, valued at $364,561. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of NYSE CNO opened at $19.00 on Friday. CNO Financial Group Inc has a 1-year low of $18.15 and a 1-year high of $26.47. The stock has a market cap of $3.13 billion, a PE ratio of 9.41 and a beta of 1.14. The company has a current ratio of 0.26, a quick ratio of 0.14 and a debt-to-equity ratio of 0.71.

CNO Financial Group (NYSE:CNO) last announced its quarterly earnings data on Wednesday, October 31st. The financial services provider reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.02. CNO Financial Group had a negative net margin of 8.95% and a positive return on equity of 7.89%. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $999.03 million. During the same quarter in the prior year, the business earned $0.59 earnings per share. The business’s quarterly revenue was up 37.2% compared to the same quarter last year. Equities analysts anticipate that CNO Financial Group Inc will post 1.97 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. US Bancorp DE raised its holdings in shares of CNO Financial Group by 30.4% during the third quarter. US Bancorp DE now owns 11,685 shares of the financial services provider’s stock valued at $248,000 after purchasing an additional 2,722 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new position in shares of CNO Financial Group during the second quarter valued at about $264,000. Fox Run Management L.L.C. acquired a new position in shares of CNO Financial Group during the third quarter valued at about $266,000. PNC Financial Services Group Inc. raised its holdings in shares of CNO Financial Group by 58.9% during the third quarter. PNC Financial Services Group Inc. now owns 13,396 shares of the financial services provider’s stock valued at $284,000 after purchasing an additional 4,966 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its holdings in shares of CNO Financial Group by 59.2% during the third quarter. DekaBank Deutsche Girozentrale now owns 15,643 shares of the financial services provider’s stock valued at $339,000 after purchasing an additional 5,820 shares during the period. Hedge funds and other institutional investors own 92.49% of the company’s stock.

Several equities analysts recently issued reports on CNO shares. TheStreet lowered shares of CNO Financial Group from a “b” rating to a “c” rating in a report on Thursday, November 1st. ValuEngine lowered shares of CNO Financial Group from a “sell” rating to a “strong sell” rating in a report on Friday, November 2nd. Zacks Investment Research upgraded shares of CNO Financial Group from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Wednesday, October 3rd. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $24.00 target price on shares of CNO Financial Group in a report on Friday, August 17th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. CNO Financial Group has a consensus rating of “Hold” and an average target price of $23.75.

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CNO Financial Group Company Profile

CNO Financial Group, Inc, through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, and other insurance products for senior and middle-income markets in the United States. It operates through Bankers Life, Washington National, Colonial Penn, and Long-Term Care in Run Off segments.

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