CNO Financial Group (NYSE:CNO) Stock Unloaded Rep. Jefferson Shreve

Representative Jefferson Shreve (R-Indiana) recently sold shares of CNO Financial Group, Inc. NYSE: CNO. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in CNO Financial Group stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.
• Sold $100,001 - $250,000 in shares of Walmart NYSE: WMT on 5/12/2025.

CNO Financial Group Stock Performance

Shares of CNO stock traded up $0.40 during trading on Friday, reaching $37.77. 658,913 shares of the company's stock were exchanged, compared to its average volume of 691,837. The firm's fifty day moving average price is $37.64 and its 200-day moving average price is $38.81. The stock has a market capitalization of $3.74 billion, a PE ratio of 13.21 and a beta of 0.87. CNO Financial Group, Inc. has a twelve month low of $30.48 and a twelve month high of $43.20. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 1.59.

CNO Financial Group (NYSE:CNO - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.79. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $975.80 million. CNO Financial Group had a return on equity of 17.86% and a net margin of 7.11%. The firm's quarterly revenue was down 13.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.52 EPS. As a group, sell-side analysts anticipate that CNO Financial Group, Inc. will post 3.83 EPS for the current year.

CNO Financial Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th were issued a dividend of $0.17 per share. The ex-dividend date was Tuesday, June 10th. This is a positive change from CNO Financial Group's previous quarterly dividend of $0.16. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.80%. CNO Financial Group's payout ratio is presently 23.78%.

Insider Buying and Selling

In other CNO Financial Group news, insider Michael E. Mead sold 12,581 shares of the business's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $37.97, for a total transaction of $477,700.57. Following the completion of the transaction, the insider owned 15,729 shares of the company's stock, valued at approximately $597,230.13. The trade was a 44.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.00% of the company's stock.

Analysts Set New Price Targets

Separately, Piper Sandler boosted their price target on CNO Financial Group from $46.00 to $49.00 and gave the company an "overweight" rating in a research note on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $41.00.

Institutional Trading of CNO Financial Group

A number of institutional investors have recently modified their holdings of the stock. Fuller & Thaler Asset Management Inc. lifted its position in shares of CNO Financial Group by 3.1% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 4,285,783 shares of the financial services provider's stock valued at $159,474,000 after acquiring an additional 130,342 shares during the period. American Century Companies Inc. lifted its position in shares of CNO Financial Group by 9.3% during the 1st quarter. American Century Companies Inc. now owns 2,938,034 shares of the financial services provider's stock worth $122,369,000 after buying an additional 250,173 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in CNO Financial Group by 72.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,333,698 shares of the financial services provider's stock valued at $51,641,000 after buying an additional 561,327 shares in the last quarter. JPMorgan Chase & Co. raised its stake in CNO Financial Group by 41.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,274,370 shares of the financial services provider's stock worth $47,419,000 after acquiring an additional 372,701 shares in the last quarter. Finally, Invesco Ltd. raised its stake in CNO Financial Group by 10.2% during the first quarter. Invesco Ltd. now owns 990,776 shares of the financial services provider's stock worth $41,266,000 after acquiring an additional 91,550 shares in the last quarter. 95.43% of the stock is currently owned by institutional investors.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

CNO Financial Group Company Profile

CNO Financial Group, Inc, through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, insurance products, and financial services 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.