CNO Financial Group, Inc. (NYSE:CNO) Shares Bought by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd grew its position in CNO Financial Group, Inc. (NYSE:CNO) by 1.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 28,700 shares of the financial services provider’s stock after acquiring an additional 511 shares during the quarter. Point72 Hong Kong Ltd’s holdings in CNO Financial Group were worth $796,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. American Century Companies Inc. lifted its position in CNO Financial Group by 19.4% during the second quarter. American Century Companies Inc. now owns 2,117,416 shares of the financial services provider’s stock valued at $58,695,000 after buying an additional 343,819 shares in the last quarter. Norges Bank acquired a new position in shares of CNO Financial Group during the 4th quarter valued at $26,295,000. Victory Capital Management Inc. boosted its position in CNO Financial Group by 455.1% during the 2nd quarter. Victory Capital Management Inc. now owns 777,271 shares of the financial services provider’s stock worth $21,546,000 after purchasing an additional 637,254 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in CNO Financial Group by 97.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 622,348 shares of the financial services provider’s stock valued at $17,251,000 after purchasing an additional 306,751 shares in the last quarter. Finally, Easterly Investment Partners LLC raised its position in 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 purchasing an additional 45,428 shares during the period. Hedge funds and other institutional investors own 95.43% of the company’s stock.

CNO Financial Group Stock Performance

Shares of CNO opened at $34.48 on Friday. The firm has a market cap of $3.65 billion, a price-to-earnings ratio of 10.05 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. The business’s 50 day moving average is $33.02 and its two-hundred day moving average is $29.38. CNO Financial Group, Inc. has a 52-week low of $22.27 and a 52-week high of $35.63.

CNO Financial Group (NYSE:CNO) last posted its quarterly earnings results 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. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $929.99 million. CNO Financial Group had a net margin of 9.96% and a return on equity of 18.30%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.54 earnings per share. Analysts forecast that CNO Financial Group, Inc. will post 3.43 EPS for the current fiscal year.

CNO Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th were given a dividend of $0.16 per share. The ex-dividend date was Tuesday, September 10th. This represents a $0.64 annualized dividend and a dividend yield of 1.86%. CNO Financial Group’s payout ratio is 18.66%.

Analysts Set New Price Targets

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

Insider Buying and Selling

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

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.