In yesterday’s Wall Street session, CNO Financial Group Inc. (NYSE:CNO) shares traded at $23.04, down -0.09% from the previous session.
CNO stock price is now 13.80% away from the 50-day moving average and 9.96% away from the 200-day moving average. The market capitalization of the company currently stands at $2.57B.
With the price target of $25, RBC Capital Mkts recently initiated with Outperform rating for CNO Financial Group Inc. (NYSE: CNO). On January 26, 2022, Jefferies recently initiated its ‘Hold’ rating on the stock quoting a target price of $25, while ‘Piper Sandler’ rates the stock as ‘Neutral’.
In other news, Sievert Frederick James, Director sold 6,000 shares of the company’s stock on Aug 16. The stock was sold for $120,000 at an average price of $20.00. Upon completion of the transaction, the Director now directly owns 61,118 shares in the company, valued at $1.41 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 01, Director Sievert Frederick James sold 3,000 shares of the business’s stock. A total of $61,260 was realized by selling the stock at an average price of $20.42. This leaves the insider owning 67,118 shares of the company worth $1.55 million. Insiders disposed of 314,074 shares of company stock worth roughly $7.24 million over the past 1 year. A total of 0.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CNO stock. A new stake in CNO Financial Group Inc. shares was purchased by ASSENAGON ASSET MANAGEMENT S.A. during the first quarter worth $2,044,000. GREAT WEST LIFE ASSURANCE CO /CAN/ invested $1,935,000 in shares of CNO during the first quarter. In the first quarter, AMALGAMATED FINANCIAL CORP. acquired a new stake in CNO Financial Group Inc. valued at approximately $1,776,000. CIPHER CAPITAL LP acquired a new stake in CNO for approximately $1,525,000. BALYASNY ASSET MANAGEMENT LLC purchased a new stake in CNO valued at around $1,036,000 in the second quarter. In total, there are 363 active investors with 99.70% ownership of the company’s stock.
On Wednesday morning CNO Financial Group Inc. (NYSE: CNO) stock kicked off with the opening price of $22.93. During the past 12 months, CNO Financial Group Inc. has had a low of $16.56 and a high of $26.74. The fifty day moving average price for CNO is $20.33 and a two-hundred day moving average price translates $20.94 for the stock.
The latest earnings results from CNO Financial Group Inc. (NYSE: CNO) was released for Jun, 2022. The net profit margin was 12.80% and return on equity was 15.10% for CNO. For the current quarter, analysts expect CNO to generate $893.79M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/23/2022. Investors who held shares on 12/09/2022 were paid a $0.14 dividend. On an annualized basis, this represents a $0.56 dividend and a 2.43% percent yield. There was an ex-dividend date of 12/08/2022 for this dividend. In terms of dividend payout ratio, CNO is presently at 13.50%.
CNO Financial Group Inc.(CNO) 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 offers Medicare supplement, supplemental health, and long-term care insurance policies; life insurance; and annuities, as well as Medicare advantage plans to individuals through phone, online, mail, and face-to-face. The company also focuses on worksite and group sales for businesses, associations, and other membership groups by interacting with customers at their place of employment. In addition, it provides fixed index annuities; fixed interest annuities, including fixed rate single and flexible premium deferred annuities; single premium immediate annuities; supplemental health products, such as specified disease, accident, and hospital indemnity products; and long-term care plans primarily to retirees and older self-employed individuals in the middle-income market. Further, the company offers universal life and other interest-sensitive life products; and traditional life policies that include whole life, graded benefit life, term life, and single premium whole life products, as well as graded benefit life insurance products. CNO Financial Group, Inc. markets its products under the Bankers Life, Washington National, and Colonial Penn brand names. The company sells its products through agents, independent producers, and direct marketing. CNO Financial Group, Inc. was founded in 1979 and is headquartered in Carmel, Indiana.