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Gary Bhojwani, the Chief Executive Officer of CNO Financial Group, Inc. (NYSE:CNO), recently sold a significant portion of his holdings in the company. According to a recent SEC filing, Bhojwani sold shares totaling approximately $2.2 million. The transactions occurred on April 1 and April 3, 2025, with sale prices ranging from $40.1651 to $41.356 per share. The sale comes as CNO’s stock has demonstrated remarkable strength, posting a 60% return over the past year and trading near its 52-week high of $43.20.
The sales were executed under a Rule 10b5-1 trading plan, which Bhojwani adopted on December 11, 2024. Following these transactions, Bhojwani holds 202,666 shares directly. Additionally, he holds 700,587 shares indirectly through the Gary C. Bhojwani Revocable Trust. According to InvestingPro analysis, CNO currently appears slightly undervalued, with strong fundamentals including a P/E ratio of 10.47 and consistent dividend growth for 13 consecutive years.
Investors often monitor insider transactions like these to gauge the confidence of company executives in the future performance of their company. CNO Financial Group, based in Carmel, Indiana, operates in the accident and health insurance sector. With a market capitalization of $4 billion and an overall financial health score rated as "GOOD" by InvestingPro, the company maintains strong liquidity with current assets exceeding short-term obligations.
In other recent news, CNO Financial Group reported strong quarterly results, surpassing expectations with notable top-line growth across its operating channels. This growth was attributed to an increase in agent numbers, the introduction of new products, geographic expansion, and advancements in its Worksite business. Additionally, the company benefited from a robust net investment income, driven by higher new money yields and a rise in invested asset balances. RBC Capital Markets responded to these positive developments by raising the price target for CNO Financial Group from $40 to $45, maintaining an Outperform rating. Analyst Scott Heleniak cited the company’s successful year-end performance and proactive capital return approach as significant factors. In a separate development, Optavise, a subsidiary of CNO Financial Group, launched Optavise Clear, a new service designed to simplify the employee benefits experience. This service aims to provide personalized guidance and support for employees, addressing the educational gap in benefits management. These recent developments highlight CNO Financial Group’s strategic initiatives and continued efforts to enhance its service offerings.
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