Insider Activity: Is CNO Financial Group Inc (NYSE:CNO) Stock a Sell after Christopher Nickele’s Insider Trading?

November 25, 2016 - By Louis Casey

Insider Activity: Is CNO Financial Group Inc (NYSE:CNO) Stock a Sell after Christopher Nickele's Insider Trading?

Christopher Nickele Insider Sell

Christopher Nickele is the EVP and Chief Actuary of Cno Financial Group Inc. He recently made a sale of 30,000 shares in the Indiana-based company with the transaction value totalling $537,300 US Dollars. The stated number is based on the filed price of $17.9 of a share. And, It’s sure Christopher’s stocks unloading isn’t going to remain ignored as he presently is holding 42,731 shares – ( 0.02% of Cno Financial Group Inc’s Market Cap ).

CNO Financial Group Inc (NYSE:CNO) Ratings Coverage

Out of 7 analysts covering CNO Financial Group (NYSE:CNO), 3 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 43% are positive. $22 is the highest target while $19 is the lowest. The $20.58 average target is 14.33% above today’s ($18) stock price. CNO Financial Group has been the topic of 12 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The stock of CNO Financial Group Inc (NYSE:CNO) earned “Market Perform” rating by Wood on Tuesday, August 2. Bruyette & Woods” reinitiated the shares of CNO in a report on Wednesday, July 29 with “Outperform” rating. The firm earned “Hold” rating on Monday, May 2 by Deutsche Bank. Keefe Bruyette & Woods downgraded it to “Market Perform” rating and $21 target price in Wednesday, November 4 report. On Tuesday, August 25 the stock rating was maintained by BTIG Research with “Buy”. The rating was initiated by Goldman Sachs with “Buy” on Tuesday, November 17. Deutsche Bank initiated the shares of CNO in a report on Monday, January 25 with “Hold” rating. The company was initiated on Wednesday, July 29 by Wood. Raymond James initiated the stock with “Outperform” rating in Tuesday, December 22 report. The stock of CNO Financial Group Inc (NYSE:CNO) earned “Outperform” rating by Wells Fargo on Friday, September 23.

The stock closed at $18 during the last session. It is down 7.46% since April 22, 2016 and is downtrending. It has underperformed by 12.86% the S&P500.

CNO Financial Group, Inc. is a holding firm for a group of insurance companies operating across the United States that develop, market and administer health insurance, annuity, individual life insurance and other insurance products. The company has a market cap of $3.13 billion. It operates through three operating divisions: Bankers Life, Washington National and Colonial Penn. It has a 12.69 P/E ratio. The Bankers Life segment markets and distributes Medicare supplement insurance, interest-sensitive life insurance, traditional life insurance, fixed annuities and long-term care insurance products through a field force of career agents and sales managers supported by a network of sales offices.

According to Zacks Investment Research, “CNO Financial Group, Inc. is a holding company for a group of insurance companies operating throughout the United States that develop, market and administer supplemental health insurance, annuity, individual life insurance and other insurance products. The Company serves America’s middle-income consumers, with a focus on seniors. It manages its business through the following three primary operating segments: Bankers Life, Colonial Penn and Conseco Insurance Group. Bankers Life markets and distributes health and life insurance products and annuities to the middle-income senior market. Colonial Penn markets primarily graded benefit and simplified issue life insurance directly to customers through television advertising, direct mail, the internet and telemarketing. Conseco Insurance Group markets and distributes specified disease insurance, accident, disability, life insurance and annuities to middle-income consumers at home and at the worksite. CNO Financial Group, Inc. is headquartered in Carmel, Indiana.”

Analysts await CNO Financial Group Inc (NYSE:CNO) to report earnings on February, 8. They expect $0.39 earnings per share, up 2.63% or $0.01 from last year’s $0.38 per share. CNO’s profit will be $67.82M for 11.54 P/E if the $0.39 EPS becomes a reality. After $0.37 actual earnings per share reported by CNO Financial Group Inc for the previous quarter, Wall Street now forecasts 5.41% EPS growth.

More notable recent CNO Financial Group Inc (NYSE:CNO) news were published by: Forbes.com which released: “CNO Financial Group Reaches Analyst Target Price” on November 23, 2016, also Prnewswire.com with their article: “CNO Financial Group Declares Quarterly Dividend” published on November 17, 2016, Prnewswire.com published: “CNO Financial Group To Present $17000 Check To Pacers Foundation, Boosting ..” on October 26, 2016. More interesting news about CNO Financial Group Inc (NYSE:CNO) were released by: Prnewswire.com and their article: “CNO Financial Group Announces Termination of Long-Term Care Reinsurance ..” published on September 29, 2016 as well as Prnewswire.com‘s news article titled: “Record Setting Day At CNO Financial Indianapolis Monumental Marathon” with publication date: November 05, 2016.

CNO Company Profile

CNO Financial Group, Inc., incorporated on March 25, 2003, is a holding firm for a group of insurance companies operating across the United States that develop, market and administer health insurance, annuity, individual life insurance and other insurance products. The Firm manages its business through three operating divisions: Bankers Life, Washington National and Colonial Penn. The Firm focuses on serving middle-income pre-retiree and retired Americans. The Firm sells its products through three distribution channels, which include career agents, independent producers and direct marketing. The Company’s product categories include health, annuities and life. Under health category of products, the Company offers Medicare supplement, long-term care, prescription drug plan and Medicare advantage plan, supplemental health, hospital indemnity and disability income products. Under annuities category of products, the Company offers fixed index annuity, traditional fixed rate annuity and single premium immediate annuity products. Under life category of life products, the Company offers traditional and interest-sensitive life insurance products.

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