CNO Financial Group, Inc. Buyback
OLI recorded this information on 5/5/2023
Company:
CNO Financial Group, Inc.
Buyback:
CNO buyback
$Amount Authorized:
$500,000,000
Buyback Details:
CNO Financial Group, Inc. (NYSE: CNO) announced today that its Board of Directors has approved an additional $500 million to repurchase the company's outstanding common stock. As of March 31, 2023, CNO had approximately $172 million of remaining repurchase capacity under its share repurchase program. The repurchase program is intended to be implemented through purchases made from time to time in the open market, through private transactions or by a tender offer, in accordance with Securities and Exchange Commission requirements. The amount and timing of the repurchases (if any) will be based on business and market conditions and other factors.
CNO Financial Group is a holding company. Through its subsidiaries, Co. develops, markets and administers health insurance, annuity, individual life insurance and other insurance products. Co. focuses on serving middle-income pre-retiree and retired Americans. Co. sells its products through agents, independent producers (some of whom sell one or more of its product lines) and direct marketing. Co.'s insurance product line segments (annuity, health and life) include marketing, underwriting and administration of the policies its insurance subsidiaries sell. Co. markets its insurance products through the Consumer and Worksite Divisions that reflect the customers served by Co.
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Hold (1.83 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: CNO Stock Forecast Based on Zacks ABR data; powered by Xignite |