Yahoo Finance Insider Sale: Chief Information Officer Michael Mead Sells Shares of CNO Financial Group Inc (CNO)
Chief Information Officer Michael Mead sold 5,013 shares of CNO Financial Group Inc (NYSE:CNO) on June 3, 2024, as reported in a recent SEC Filing. Following this transaction, the insider now owns 36,522 shares of the company.
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.
Over the past year, Michael Mead has sold a total of 12,703 shares of the company and has not made any purchases. The insider transaction history for CNO Financial Group Inc shows a total of 35 insider sells and no insider buys over the past year.
Shares of CNO Financial Group Inc were trading at $28.85 on the day of the transaction. The company has a market cap of $3.094 billion. The price-earnings ratio of the stock is 8.33, which is lower than the industry median of 11.48 and also lower than the companys historical median.
The GF Value of CNO Financial Group Inc is $27.66, leading to a price-to-GF-Value ratio of 1.04, indicating that the stock is Fairly Valued.
The GF Value is calculated based on historical multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the companys past returns and growth, and future business performance estimates from Morningstar analysts.
This sale by the insider could be part of normal portfolio adjustments or other strategic financial planning. Investors often monitor insider transactions as they can provide insights into how the company's executives view the stock's valuation and future prospects.
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.
