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Yvonne K. Franzese, the Chief Human Resources Officer at CNO Financial Group, Inc. (NYSE:CNO), a $4.28 billion market cap insurance company trading near its 52-week high of $42.77, recently executed a series of stock transactions, as disclosed in a recent SEC filing. According to InvestingPro data, CNO’s stock has delivered an impressive 59.75% return over the past year. On March 24 and March 26, Franzese sold a total of 10,206 shares of CNO Financial’s common stock. The sale transactions were conducted at prices ranging from $42.00 to $42.56 per share, resulting in a total transaction value of $429,826.
Additionally, on March 25, Franzese surrendered 6,122 shares back to the company to cover tax obligations related to vested restricted stock units. This transaction was valued at $258,715, based on a price of $42.26 per share.
Following these transactions, Franzese holds 30,321 shares directly, while an additional 75,902 shares are held indirectly through the Yvonne K. Franzese Revocable Trust. The sales were part of a pre-established Rule 10b5-1 trading plan, ensuring compliance with insider trading regulations. InvestingPro analysis reveals that CNO has raised its dividend for 13 consecutive years, while management has been actively buying back shares. For deeper insights into CNO’s valuation and 8 additional exclusive ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, CNO Financial Group reported impressive quarterly results, exceeding expectations with strong performance across its segments. The company achieved significant top-line growth, driven by an increase in agent numbers, the introduction of new products, geographic expansion, and advancements in its Worksite business. Additionally, CNO Financial benefited from strong net investment income, supported by higher new money yields and increased invested asset balances. RBC Capital Markets has responded to this performance by raising CNO Financial’s price target from $40 to $45, maintaining an Outperform rating due to the company’s successful year-end results and proactive capital return strategies.
CNO Financial has also set a conservative initial earnings per share guidance for 2025, with plans to improve its return on equity by 150 basis points over the next three years. Progress towards this goal has been noted, and the company’s strategic initiatives have garnered confidence from RBC Capital. Furthermore, Optavise, a subsidiary of CNO Financial Group, launched Optavise Clear, a new employee benefits solution aimed at simplifying the benefits experience for employees. This service provides personalized guidance and year-round support, addressing the educational gap in employee benefits management.
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