The Manufacturers Life Insurance Company Reduces Stock Position in CNO Financial Group, Inc. (NYSE:CNO)

The Manufacturers Life Insurance Company cut its holdings in CNO Financial Group, Inc. (NYSE:CNO) by 2.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,146 shares of the financial services provider’s stock after selling 3,399 shares during the period. The Manufacturers Life Insurance Company owned about 0.12% of CNO Financial Group worth $4,358,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. CWM LLC grew its position 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. QRG Capital Management Inc. grew its holdings in shares of CNO Financial Group by 4.8% during the second quarter. QRG Capital Management Inc. now owns 72,561 shares of the financial services provider’s stock worth $2,011,000 after purchasing an additional 3,341 shares during the last quarter. Blue Trust Inc. increased its position in shares of CNO Financial Group by 25.4% during 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 in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of CNO Financial Group by 35.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 34,714 shares of the financial services provider’s stock valued at $962,000 after purchasing an additional 9,100 shares during the last quarter. Finally, Fifth Third Bancorp boosted its position in shares of CNO Financial Group by 183.5% in the 2nd quarter. Fifth Third Bancorp now owns 4,170 shares of the financial services provider’s stock valued at $116,000 after purchasing an additional 2,699 shares during the period. 95.43% of the stock is owned by hedge funds and other institutional investors.

CNO Financial Group Stock Down 0.9 %

Shares of CNO Financial Group stock opened at $38.97 on Friday. CNO Financial Group, Inc. has a one year low of $24.92 and a one year high of $40.91. The company has a market cap of $4.02 billion, a P/E ratio of 15.71 and a beta of 1.02. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.19 and a current ratio of 0.19. The firm has a fifty day moving average of $37.07 and a two-hundred day moving average of $32.95.

CNO Financial Group (NYSE:CNO) last announced its quarterly earnings data 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. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $945.44 million. CNO Financial Group had a return on equity of 17.53% and a net margin of 6.06%. The firm’s revenue for the quarter was up 19.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.88 EPS. On average, analysts forecast that CNO Financial Group, Inc. will post 3.73 earnings per share for the current year.

CNO Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.64%. CNO Financial Group’s dividend payout ratio (DPR) is presently 25.81%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CNO shares. Royal Bank of Canada increased their price objective on CNO Financial Group from $38.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Piper Sandler raised their price objective on shares of CNO Financial Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $34.50.

Insider Activity

In other CNO Financial Group news, insider Jeremy David Williams sold 4,783 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $40.09, for a total transaction of $191,750.47. Following the sale, the insider now directly owns 62,121 shares in the company, valued at approximately $2,490,430.89. The trade was a 7.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CIO Eric R. Johnson sold 3,978 shares of CNO Financial Group stock in a transaction on Monday, November 18th. The stock was sold at an average price of $39.09, for a total value of $155,500.02. Following the transaction, the executive now directly owns 631,844 shares of the company’s stock, valued at $24,698,781.96. This trade represents a 0.63 % decrease in their position. 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.