CNO Financial Group CMO Tarasi Rocco F III Sells $189K in Shares

Tarasi Rocco F III, CNO Financial Group's Chief Marketing Officer, sold 6,697 shares of the company on May 13, 2024, at $28.26 each, totaling $189,263.42. This sale adds to the trend of significant insider selling activity at the company over the past year, with 33 insider sells and only 1 insider buy.

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Nitish Verma
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CNO Financial Group CMO Tarasi Rocco F III Sells $189K in Shares

CNO Financial Group CMO Tarasi Rocco F III Sells $189K in Shares

Tarasi Rocco F III, Chief Marketing Officer of CNO Financial Group Inc (NYSE:CNO), sold 6,697 shares of the company on May 13, 2024. The shares were sold at a price of $28.26 each, valuing the transaction at approximately $189,263.42. Rocco filed the sale with the SEC on the same day.

Why this matters: This insider selling activity may indicate a lack of confidence in the company's current valuation, potentially affecting investor sentiment and the stock's performance. As a significant trend in insider selling continues, it may raise concerns about the company's future prospects and impact the broader insurance industry.

Over the past year, Rocco has sold a total of 15,697 shares and has not made any purchases. Insider transaction trends at CNO Financial Group show there have been 33 insider sells and only 1 insider buy in the last 12 months. The company, which has a market cap of $3.05 billion, develops, markets, and administers health insurance, annuity, individual life insurance, and other insurance products.

CNO Financial Group's price-earnings ratio stands at 8.21, below both the industry median of 12.225 and the company's historical median. According to the GF Value, the stock is considered fairly valued with a price-to-GF-Value ratio of 1.01. The GF Value of $27.94 is slightly below the current trading price.

CNO Financial Group Inc is a holding company for a group of insurance companies operating throughout the United States. With Rocco's recent sale of shares valued at nearly $190,000, it adds to the trend of significant insider selling activity at the company over the past year, potentially signaling how management views the stock's current valuation.

Key Takeaways

  • Tarasi Rocco F III, CNO Financial Group's CMO, sold 6,697 shares at $28.26 each.
  • The sale valued at $189,263.42 may indicate a lack of confidence in the company's valuation.
  • Over the past year, Rocco sold 15,697 shares with no purchases, part of a 33-sell, 1-buy trend.
  • CNO Financial Group's P/E ratio is 8.21, below industry and historical medians.
  • The stock is considered fairly valued with a price-to-GF-Value ratio of 1.01.