CNO Financial Group, Inc. (NYSE:CNO) Shares Sold by Congress Asset Management Co. MA

Congress Asset Management Co. MA trimmed its stake in shares of CNO Financial Group, Inc. (NYSE:CNOFree Report) by 3.5% in the first quarter, Holdings Channel reports. The fund owned 151,588 shares of the financial services provider’s stock after selling 5,538 shares during the period. Congress Asset Management Co. MA’s holdings in CNO Financial Group were worth $4,166,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. acquired a new stake in CNO Financial Group during the 4th quarter worth approximately $50,000. Assetmark Inc. lifted its position in CNO Financial Group by 33.4% during the 4th quarter. Assetmark Inc. now owns 5,557 shares of the financial services provider’s stock worth $155,000 after acquiring an additional 1,391 shares during the period. Versor Investments LP acquired a new stake in CNO Financial Group during the 4th quarter worth approximately $269,000. Everhart Financial Group Inc. lifted its position in CNO Financial Group by 8.8% during the 4th quarter. Everhart Financial Group Inc. now owns 11,874 shares of the financial services provider’s stock worth $331,000 after acquiring an additional 963 shares during the period. Finally, Sequoia Financial Advisors LLC acquired a new stake in CNO Financial Group during the 4th quarter worth approximately $408,000. 95.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CNO shares. Piper Sandler raised CNO Financial Group from a “neutral” rating to an “overweight” rating and set a $29.00 price objective for the company in a research report on Tuesday, April 16th. StockNews.com cut CNO Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. Finally, Evercore ISI increased their target price on CNO Financial Group from $26.00 to $27.00 and gave the stock an “underperform” rating in a research note on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $27.50.

Check Out Our Latest Analysis on CNO

CNO Financial Group Stock Performance

Shares of CNO stock traded up $0.13 during trading hours on Friday, reaching $27.56. 1,214,338 shares of the company’s stock were exchanged, compared to its average volume of 725,839. The company has a market cap of $2.98 billion, a P/E ratio of 8.04 and a beta of 1.05. The company’s 50 day moving average is $27.43 and its two-hundred day moving average is $27.16. CNO Financial Group, Inc. has a 1 year low of $22.06 and a 1 year high of $29.09. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.18 and a quick ratio of 0.18.

CNO Financial Group (NYSE:CNOGet Free Report) last issued its earnings results on Monday, April 29th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.12). The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $935.76 million. CNO Financial Group had a return on equity of 16.77% and a net margin of 9.07%. The business’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period last year, the company posted $0.51 earnings per share. Equities research analysts anticipate that CNO Financial Group, Inc. will post 3.08 EPS for the current fiscal year.

CNO Financial Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 10th will be paid a $0.16 dividend. This is an increase from CNO Financial Group’s previous quarterly dividend of $0.15. This represents a $0.64 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend is Monday, June 10th. CNO Financial Group’s dividend payout ratio (DPR) is presently 18.66%.

Insider Activity at CNO Financial Group

In related news, insider Karen Detoro sold 1,307 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $26.94, for a total value of $35,210.58. Following the completion of the transaction, the insider now directly owns 75,049 shares of the company’s stock, valued at approximately $2,021,820.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Gary C. Bhojwani sold 9,434 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $26.87, for a total value of $253,491.58. Following the completion of the transaction, the chief executive officer now directly owns 332,694 shares of the company’s stock, valued at approximately $8,939,487.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Karen Detoro sold 1,307 shares of the stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $26.94, for a total value of $35,210.58. Following the sale, the insider now owns 75,049 shares in the company, valued at approximately $2,021,820.06. The disclosure for this sale can be found here. Insiders sold 99,712 shares of company stock valued at $2,758,595 in the last ninety days. Corporate insiders own 3.00% of the company’s stock.

CNO Financial Group Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CNO Financial Group (NYSE:CNO)

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