Citigroup Inc. Buys 56,932 Shares of CNO Financial Group, Inc. (NYSE:CNO)

Citigroup Inc. raised its stake in CNO Financial Group, Inc. (NYSE:CNO) by 78.0% in the third quarter, Holdings Channel reports. The firm owned 129,925 shares of the financial services provider’s stock after acquiring an additional 56,932 shares during the quarter. Citigroup Inc.’s holdings in CNO Financial Group were worth $4,560,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. CWM LLC boosted its holdings in shares of CNO Financial Group by 64.1% in the 2nd quarter. CWM LLC now owns 1,144 shares of the financial services provider’s stock valued at $32,000 after buying an additional 447 shares during the last quarter. Quarry LP raised its position in CNO Financial Group by 123.2% during the second quarter. Quarry LP now owns 1,694 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 935 shares in the last quarter. Blue Trust Inc. lifted its stake in CNO Financial Group by 25.4% in the second quarter. Blue Trust Inc. now owns 2,384 shares of the financial services provider’s stock valued at $66,000 after acquiring an additional 483 shares during the last quarter. GAMMA Investing LLC grew its position in shares of CNO Financial Group by 141.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,985 shares of the financial services provider’s stock valued at $70,000 after acquiring an additional 1,164 shares during the period. Finally, Point72 DIFC Ltd acquired a new position in shares of CNO Financial Group during the 2nd quarter worth about $89,000. Institutional investors and hedge funds own 95.43% of the company’s stock.

Insider Buying and Selling

In related news, insider Jeremy David Williams sold 4,783 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $40.09, for a total transaction of $191,750.47. Following the completion of the sale, the insider now owns 62,121 shares in the company, valued at approximately $2,490,430.89. This trade represents a 7.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jeanne L. Linnenbringer sold 5,435 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $34.26, for a total value of $186,203.10. Following the completion of the transaction, the insider now owns 37,663 shares in the company, valued at approximately $1,290,334.38. The trade was a 12.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,196 shares of company stock valued at $533,454 over the last ninety days. 3.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

CNO has been the topic of a number of research analyst reports. Piper Sandler increased their price target on CNO Financial Group from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada increased their price objective on shares of CNO Financial Group from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $34.50.

CNO Financial Group Stock Down 1.3 %

Shares of CNO opened at $39.40 on Tuesday. The stock’s 50-day moving average price is $36.60 and its two-hundred day moving average price is $32.64. CNO Financial Group, Inc. has a 12 month low of $24.92 and a 12 month high of $40.91. The company has a market capitalization of $4.07 billion, a PE ratio of 15.89 and a beta of 1.01. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 1.50.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.29. CNO Financial Group had a net margin of 6.06% and a return on equity of 17.53%. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $945.44 million. During the same quarter in the prior year, the firm posted $0.88 earnings per share. The business’s quarterly revenue was up 19.2% compared to the same quarter last year. On average, analysts anticipate that CNO Financial Group, Inc. will post 3.73 EPS for the current year.

CNO Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $0.64 annualized dividend and a yield of 1.62%. CNO Financial Group’s dividend payout ratio is currently 25.81%.

CNO Financial Group Profile

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.