Net Worth Advisory Group Acquires New Shares in CNO Financial Group, Inc. (NYSE:CNO)

Net Worth Advisory Group acquired a new position in shares of CNO Financial Group, Inc. (NYSE:CNO) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 9,789 shares of the financial services provider’s stock, valued at approximately $344,000.

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Piper Sandler upped their target price 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. 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. Royal Bank of Canada lifted their price objective on CNO Financial Group from $30.00 to $38.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Finally, Evercore ISI upped their target price on shares of CNO Financial Group from $27.00 to $29.00 and gave the company an “underperform” rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, CNO Financial Group currently has an average rating of “Hold” and a consensus target price of $34.00.

Insider Activity at CNO Financial Group

In other CNO Financial Group news, insider Jeanne L. Linnenbringer sold 5,435 shares of CNO Financial Group stock in a transaction 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 transaction, the insider now owns 37,663 shares in the company, valued at $1,290,334.38. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Jeanne L. Linnenbringer sold 5,435 shares of CNO Financial Group stock in a transaction on 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 owns 37,663 shares in the company, valued at approximately $1,290,334.38. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeanne L. Linnenbringer sold 5,364 shares of CNO Financial Group stock in a transaction on Tuesday, September 3rd. The shares were 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 owns 44,884 shares in the company, valued at $1,565,553.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is owned by insiders.

CNO Financial Group Trading Down 1.2 %

Shares of CNO Financial Group stock opened at $36.07 on Monday. CNO Financial Group, Inc. has a fifty-two week low of $22.27 and a fifty-two week high of $36.65. The business’s fifty day moving average is $34.07 and its two-hundred day moving average is $30.30. 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 firm has a market cap of $3.90 billion, a PE ratio of 10.52 and a beta of 1.01.

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

CNO Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th were given a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $0.64 annualized dividend and a dividend yield of 1.77%. CNO Financial Group’s dividend payout ratio is presently 18.66%.

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.