CNO Financial Group, Inc. (NYSE:CNO) Shares Sold by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. cut its position in shares of CNO Financial Group, Inc. (NYSE:CNO) by 54.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,279 shares of the financial services provider’s stock after selling 7,474 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in CNO Financial Group were worth $174,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of CNO Financial Group during the 2nd quarter worth $852,000. State Board of Administration of Florida Retirement System increased its holdings in CNO Financial Group by 30.9% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 105,374 shares of the financial services provider’s stock valued at $2,896,000 after acquiring an additional 24,844 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in CNO Financial Group by 680.0% during the second quarter. DekaBank Deutsche Girozentrale now owns 34,584 shares of the financial services provider’s stock worth $949,000 after acquiring an additional 30,150 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of CNO Financial Group in the first quarter valued at about $890,000. Finally, Interval Partners LP acquired a new stake in shares of CNO Financial Group in the second quarter valued at approximately $2,360,000. 95.43% of the stock is currently owned by hedge funds and other institutional investors.

CNO Financial Group Stock Performance

CNO Financial Group stock opened at $34.25 on Friday. CNO Financial Group, Inc. has a 12 month low of $22.27 and a 12 month high of $35.63. The stock’s 50-day moving average is $33.11 and its 200-day moving average is $29.43. The company has a market cap of $3.62 billion, a price-to-earnings ratio of 9.99 and a beta of 1.01. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.19 and a quick ratio of 0.19.

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

CNO Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th were issued a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $0.64 dividend on an annualized basis and a yield of 1.87%. CNO Financial Group’s dividend payout ratio is currently 18.66%.

Insider Buying and Selling at CNO Financial Group

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CNO. Royal Bank of Canada upped their target price on CNO Financial Group from $30.00 to $38.00 and gave the company an “outperform” rating in a research note 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 research report on Monday, July 8th. Piper Sandler reiterated an “overweight” rating and set a $37.00 price objective on shares of CNO Financial Group in a research report on Friday, September 13th. Finally, Evercore ISI upped their price objective on shares of CNO Financial Group from $27.00 to $29.00 and gave the company an “underperform” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus 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.