Amalgamated Bank Sells 5,105 Shares of CNO Financial Group, Inc. (NYSE:CNO)

Amalgamated Bank trimmed its holdings in CNO Financial Group, Inc. (NYSE:CNO) by 9.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,404 shares of the financial services provider’s stock after selling 5,105 shares during the quarter. Amalgamated Bank’s holdings in CNO Financial Group were worth $1,664,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of CNO. CWM LLC boosted its position in shares of CNO Financial Group by 64.1% in the second quarter. CWM LLC now owns 1,144 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 447 shares during the period. Quarry LP lifted its position in CNO Financial Group by 123.2% in the second quarter. Quarry LP now owns 1,694 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 935 shares during the period. EntryPoint Capital LLC bought a new position in CNO Financial Group in the first quarter worth $52,000. Blue Trust Inc. lifted its position 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 worth $66,000 after purchasing an additional 483 shares during the period. Finally, GAMMA Investing LLC lifted its position in CNO Financial Group by 141.8% in the third quarter. GAMMA Investing LLC now owns 1,985 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 1,164 shares during the period. 95.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CNO. Piper Sandler raised their target price on CNO Financial Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada raised their target price on CNO Financial Group from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Finally, Evercore ISI increased their price objective on CNO Financial Group from $27.00 to $29.00 and gave the stock an “underperform” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $34.50.

Insider Activity

In other news, insider Jeanne L. Linnenbringer sold 5,364 shares of the firm’s stock in a transaction on 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 sale, the insider now directly owns 44,884 shares in the company, valued at approximately $1,565,553.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, insider Jeanne L. Linnenbringer sold 5,435 shares of the firm’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 owns 37,663 shares in the company, valued at $1,290,334.38. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 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 approximately $1,565,553.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,582 shares of company stock worth $565,050. 3.00% of the stock is owned by corporate insiders.

CNO Financial Group Stock Performance

CNO Financial Group stock opened at $39.56 on Wednesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.19 and a quick ratio of 0.19. The stock has a fifty day moving average price of $35.09 and a two-hundred day moving average price of $31.54. CNO Financial Group, Inc. has a 52-week low of $24.24 and a 52-week high of $40.29. The firm has a market capitalization of $4.18 billion, a P/E ratio of 15.95 and a beta of 1.01.

CNO Financial Group (NYSE:CNO) last announced its earnings results on Thursday, October 31st. The financial services provider reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.29. CNO Financial Group had a return on equity of 17.53% and a net margin of 6.06%. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $945.44 million. During the same period last year, the company posted $0.88 earnings per share. The firm’s quarterly revenue was up 19.2% compared to the same quarter last year. As a group, analysts anticipate that CNO Financial Group, Inc. will post 3.63 EPS for the current fiscal year.

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.