CNO Financial approves $100M stock buyback

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Carmel-based insurance holding company CNO Financial Group Inc. said Wednesday its board of directors approved the repurchase of up to $100 million in stock.

CNO Financial said it has about $30 million remaining on its previous share buyback authorization. The company had around 241 million shares on the market at the end of 2011.

CNO Financial stock fell 9 cents a share, to $7.42, Wednesday and was unchanged in aftermarket trading. The shares have traded between $4.73 and $8.34 in the last 12 months.

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