CNO Financial Group, Inc. (NYSE:CNO) Shares Sold by Blair William & Co. IL

Blair William & Co. IL lessened its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO) by 53.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 9,013 shares of the financial services provider’s stock after selling 10,176 shares during the quarter. Blair William & Co. IL’s holdings in CNO Financial Group were worth $250,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. American Century Companies Inc. boosted its position in CNO Financial Group by 19.4% during the 2nd quarter. American Century Companies Inc. now owns 2,117,416 shares of the financial services provider’s stock worth $58,695,000 after acquiring an additional 343,819 shares during the period. Norges Bank acquired a new stake in shares of CNO Financial Group in the fourth quarter valued at $26,295,000. Victory Capital Management Inc. lifted its holdings in shares of CNO Financial Group by 455.1% in the second quarter. Victory Capital Management Inc. now owns 777,271 shares of the financial services provider’s stock valued at $21,546,000 after buying an additional 637,254 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of CNO Financial Group by 97.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 622,348 shares of the financial services provider’s stock valued at $17,251,000 after buying an additional 306,751 shares during the period. Finally, Easterly Investment Partners LLC lifted its holdings in shares of CNO Financial Group by 8.4% in the second quarter. Easterly Investment Partners LLC now owns 587,171 shares of the financial services provider’s stock valued at $16,276,000 after buying an additional 45,428 shares during the period. Institutional investors and hedge funds own 95.43% of the company’s stock.

CNO Financial Group Stock Down 0.6 %

Shares of CNO Financial Group stock opened at $34.25 on Friday. The stock’s fifty day moving average is $33.11 and its 200-day moving average is $29.43. The firm has a market capitalization of $3.62 billion, a PE ratio of 9.99 and a beta of 1.01. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 1.66. CNO Financial Group, Inc. has a 12-month low of $22.27 and a 12-month high of $35.63.

CNO Financial Group (NYSE:CNO) last announced its earnings results on Monday, July 29th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.33. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $929.99 million. CNO Financial Group had a return on equity of 18.30% and a net margin of 9.96%. CNO Financial Group’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.54 earnings per share. Equities analysts anticipate that CNO Financial Group, Inc. will post 3.43 earnings per share for the current year.

CNO Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.87%. The ex-dividend date was Tuesday, September 10th. CNO Financial Group’s payout ratio is 18.66%.

Insider Activity at CNO Financial Group

In related news, insider Jeanne L. Linnenbringer sold 5,435 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $34.26, for a total transaction of $186,203.10. Following the transaction, the insider now directly owns 37,663 shares of the company’s stock, valued at $1,290,334.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other CNO Financial Group news, insider Jeanne L. Linnenbringer sold 5,435 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $34.26, for a total value of $186,203.10. Following the transaction, the insider now directly owns 37,663 shares of the company’s stock, valued at approximately $1,290,334.38. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jeanne L. Linnenbringer sold 5,364 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $34.88, for a total value of $187,096.32. Following the completion of the transaction, the insider now directly owns 44,884 shares in the company, valued at $1,565,553.92. The disclosure for this sale can be found here. 3.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Piper Sandler restated an “overweight” rating and issued a $37.00 price objective on shares of CNO Financial Group in a report on Friday, September 13th. Evercore ISI upped their price objective on CNO Financial Group from $27.00 to $29.00 and gave the company an “underperform” rating in a report on Wednesday, July 31st. Keefe, Bruyette & Woods upped their price objective on CNO Financial Group from $30.00 to $31.00 and gave the company a “market perform” rating in a report on Monday, July 8th. Finally, Royal Bank of Canada upped their price objective on CNO Financial Group from $30.00 to $38.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $33.75.

About CNO Financial Group

CNO Financial Group, Inc, through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, insurance products, and financial services for senior and middle-income markets in the United States. It offers Medicare supplement, supplemental health, and long-term care insurance policies; life insurance; and annuities, as well as Medicare advantage plans to individuals through phone, online, mail, and face-to-face.