CNO Financial Group Inc (CNO) Insider Raises Exposure To The Company

CNO Financial Group Inc (NYSE:CNO), saw one of its highest level insiders improve his stakes in the company. Chief Executive Officer Edward J. Bonach acquired 19,167 shares through two transactions that began on August 7th, and were officially filed today, August 11th. Bonach purchased these shares at average prices ranging from $7.38 to $16.36 per share.
Following this transaction, Bonach holds a total of 436,066 shares in CNO Financial Group Inc (NYSE:CNO), the $3.55 billion market cap company. CNO is a holding company for a group of insurance companies operating throughout the United States, which develops, markets and administers health insurance, annuity, individual life insurance and other insurance products.
As well, there are multiple outside investors with the holdings company. Joe Huber‘s Huber Capital Management saw its involvement rise by 2% last quarter, now holding 14,152,804 shares worth about $256.2 million; while John Paulson‘s Paulson & Co has 12,459,577 shares worth approximately $225.5 million invested in the company.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.
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