Cno Financial Group, Inc. (CNO): John R Kline , SVP & Chief Acctg Officer of Cno Financial Group, Inc. sold 25,000 shares on May 26, 2016. The Insider selling transaction was reported by the company on May 27, 2016 to the Securities and Exchange Commission. The shares were sold at $20.15 per share for a total value of $503,652.50 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 23, 2016, Bruce K. Baude (EVP, Chief Ops & Tech Officer) sold 62,890 shares at $19.33 per share price.On May 12, 2016, Matthew J. Zimpfer (EVP and General Counsel) sold 43,500 shares at $19.28 per share price.Also, On May 10, 2016, Edward J Bonach (CEO) sold 35,000 shares at $18.85 per share price.On Nov 3, 2015, Scott R Perry (Chief Business Officer) sold 11,000 shares at $19.72 per share price.
CNO Financial Group Inc: On Wednesday, May 25, 2016 heightened volatility was witnessed in CNO Financial Group Inc which led to swings in the share price. The shares opened for trading at $20.2 and hit $20.5101 on the upside , eventually ending the session at $20.29, with a gain of 1.05% or 0.21 points. The heightened volatility saw the trading volume jump to 12,02,071 shares. The 52-week high of the share price is $20.88 and the company has a market cap of $3,634 M . The 52-week low of the share price is at $14.66.
Company has been under the radar of several Street Analysts.CNO Financial Group Inc is Reiterated by Deutsche Bank to Hold and the brokerage firm has raised the Price Target to $ 20 from a previous price target of $19 .The Rating was issued on May 2, 2016.
CNO Financial Group Inc. is a holding company for a group of insurance companies operating throughout the United States that develop market and administer health insurance annuity individual life insurance and other insurance products. The Company manages its business through three operating segments: Bankers Life Washington National and Colonial Penn. Bankers Life markets and distributes Medicare supplement insurance interest-sensitive life insurance traditional life insurance fixed annuities and long-term care insurance products. Washington National markets and distributes supplemental health including specified disease accident and hospital indemnity insurance products and life insurance. Colonial Penn markets primarily graded benefit and simplified issue life insurance.