Bitcoin price today: slips below $113k, near 6-wk low despite Fed cut bets
CARMEL, IN—CNO Financial Group, Inc. (NYSE:CNO), a $4.27 billion market cap insurance company trading near its 52-week high of $43.20, saw significant stock activity as Jeremy David Williams, the company’s Chief Actuary, executed a series of stock transactions, according to a recent SEC filing. The stock has delivered impressive returns, gaining 59% over the past year. On March 31, Williams exercised options to acquire 11,300 shares of common stock at $17.38 per share, valued at approximately $196,394.
Subsequently, Williams sold a total of 19,000 shares over several transactions from March 31 to April 2. These sales were executed at prices ranging from $41.3949 to $41.7686 per share, amounting to a total value of about $830,497. The sales were conducted under a Rule 10b5-1 trading plan adopted in November 2024.
Following these transactions, Williams holds 56,599 shares of CNO Financial stock.
In other recent news, CNO Financial Group reported impressive quarterly earnings, surpassing expectations with strong performance across its segments. The company experienced notable growth in its operating channels, driven by an increase in agent numbers, new product introductions, and geographic expansion. Additionally, CNO Financial benefited from a strong net investment income, which was bolstered by higher new money yields and an increase in invested asset balances. RBC Capital Markets has responded to these developments by raising its price target for CNO Financial from $40 to $45, maintaining an Outperform rating. Analyst Scott Heleniak from RBC Capital highlighted the company’s proactive approach to capital return as a key strength.
Furthermore, Optavise, a subsidiary of CNO Financial Group, launched Optavise Clear, a new service designed to simplify the employee benefits experience. This initiative aims to address the widespread confusion over benefits options by providing personalized guidance and year-round support. The service includes benefits education, enrollment assistance, and advocacy services, such as Medicare advocacy. CNO Financial’s strategic initiatives and recent developments indicate a commitment to growth and improved service offerings.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.