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Yvonne K. Franzese, the Chief Human Resources Officer at CNO Financial Group, Inc. (NYSE:CNO), recently sold a significant portion of her holdings in the company. According to a filing with the Securities and Exchange Commission, Franzese sold a total of 3,327 shares over two days, amounting to $140,556. The transactions were executed under a Rule 10b5-1 trading plan adopted on December 12, 2024. The sale comes as CNO’s stock has delivered an impressive 56.76% return over the past year, with the company maintaining a strong financial health score of "GOOD" according to InvestingPro analysis.
On March 27, Franzese sold 1,314 shares at a price of $42.35 each. The following day, she sold an additional 2,013 shares at $42.18 each. After these transactions, Franzese retains direct ownership of 26,994 shares. Additionally, she holds an indirect ownership of 75,902 shares through the Yvonne K. Franzese Revocable Trust. The company trades at an attractive P/E ratio of 10.9x and has maintained dividend payments for 14 consecutive years.
These transactions were part of a pre-arranged trading plan, which allows company insiders to set up a schedule for selling stocks to avoid any accusations of insider trading. For deeper insights into CNO’s valuation and 8 additional key investment tips, visit InvestingPro, where you’ll find comprehensive research reports and expert analysis.
In other recent news, CNO Financial Group reported impressive quarterly results, exceeding expectations with strong performance across its segments. The company’s top-line growth was driven by an increase in agent numbers, the introduction of new products, geographic expansion, and advancements in its Worksite business. Additionally, CNO Financial experienced a boost in net investment income due to higher new money yields, increased invested asset balances, and variable investment income. RBC Capital Markets responded to these developments by raising the company’s stock price target from $40 to $45, maintaining an Outperform rating. Analyst Scott Heleniak cited CNO Financial’s successful year-end performance and proactive capital return strategy as key factors for this update. Furthermore, CNO Financial has set a conservative yet achievable initial earnings per share guidance for 2025, with plans to improve its return on equity by 150 basis points over the next three years. In other news, Optavise, a subsidiary of CNO Financial Group, launched Optavise Clear, a new service designed to simplify the employee benefits experience. This initiative aims to provide personalized guidance and year-round support for employees, reflecting the company’s commitment to improving benefits education and management.
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