Insider Sell: President, Consumer Division Scott Goldberg Sells 9,402 Shares of CNO Financial ...
Scott Goldberg, President of the Consumer Division at CNO Financial Group Inc (NYSE:CNO), sold 9,402 shares of the company on March 11, 2024, according to a recent SEC filing. The transaction was executed at an average price of $26.62 per share, resulting in a total sale amount of $250,309.24.
CNO Financial Group Inc is a holding company for a group of insurance companies operating throughout the United States, which develop, market, and administer health insurance, annuity, individual life insurance, and other insurance products. The company focuses on middle-income working Americans and retirees.
Over the past year, the insider has sold a total of 20,818 shares of CNO Financial Group Inc and has not made any purchase of shares. The recent sale by Scott Goldberg represents a continuation of this selling trend.
The insider transaction history for CNO Financial Group Inc shows a pattern of insider sales over the past year, with 21 insider sells and only 1 insider buy recorded.
On the valuation front, CNO Financial Group Inc's shares were trading at $26.62 on the day of the insider's recent sale, giving the company a market capitalization of $2.924 billion. The price-earnings ratio stands at 11.13, which is below the industry median of 12.32 but above the company's historical median price-earnings ratio.
According to the GuruFocus Value chart, with a current price of $26.62 and a GF Value of $28.40, CNO Financial Group Inc is considered Fairly Valued, with a price-to-GF-Value ratio of 0.94.
The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates provided by Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
