Insider Sell: President of Consumer Division Scott Goldberg Sells Shares of CNO Financial Group ...
Scott Goldberg, President of the Consumer Division at CNO Financial Group Inc (NYSE:CNO), executed a sale of 15,119 shares in the company on March 12, 2024. The transaction was filed with the SEC and can be found through the following SEC Filing.
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. CNO Financial Group Inc focuses on middle-income and aging Americans, aiming to offer financial security to its customers.
Over the past year, the insider has sold a total of 35,937 shares and has not made any purchases of the company's stock.
The insider transaction history for CNO Financial Group Inc indicates a pattern of more insider sales than buys over the past year, with 1 insider buy and 22 insider sells recorded.
On the date of the insider's recent transaction, shares of CNO Financial Group Inc were trading at $26.7, resulting in a market capitalization of $2.911 billion.
The company's price-earnings ratio stands at 11.08, which is below the industry median of 12.35 and above the historical median price-earnings ratio for the company.
With the current share price of $26.7 and a GuruFocus Value of $28.41, CNO Financial Group Inc has a price-to-GF-Value ratio of 0.94, indicating that the stock is Fairly Valued according to the GF Value metric.
The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor related to past returns and growth, 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.
