CNO Financial Group, Inc. (NYSE:CNO) Stake Decreased by Geode Capital Management LLC

Geode Capital Management LLC cut its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO) by 0.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,541,723 shares of the financial services provider’s stock after selling 16,062 shares during the period. Geode Capital Management LLC owned approximately 2.46% of CNO Financial Group worth $89,230,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. American Century Companies Inc. grew its stake in shares of CNO Financial Group by 19.4% in the second quarter. American Century Companies Inc. now owns 2,117,416 shares of the financial services provider’s stock worth $58,695,000 after purchasing an additional 343,819 shares in the last quarter. Assenagon Asset Management S.A. grew its position in CNO Financial Group by 300.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,199,040 shares of the financial services provider’s stock valued at $42,086,000 after buying an additional 899,990 shares in the last quarter. FMR LLC increased its stake in CNO Financial Group by 28.8% during the 3rd quarter. FMR LLC now owns 1,040,619 shares of the financial services provider’s stock valued at $36,526,000 after buying an additional 232,631 shares during the period. Victory Capital Management Inc. raised its position in shares of 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 buying an additional 637,254 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of 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 worth $17,251,000 after acquiring an additional 306,751 shares during the period. 95.43% of the stock is owned by institutional investors.

CNO Financial Group Price Performance

NYSE CNO opened at $36.02 on Friday. CNO Financial Group, Inc. has a 1 year low of $24.92 and a 1 year high of $40.91. The business’s fifty day moving average is $37.63 and its two-hundred day moving average is $33.53. The stock has a market capitalization of $3.72 billion, a P/E ratio of 14.52 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.

CNO Financial Group (NYSE:CNO) last announced its earnings results on Thursday, October 31st. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $945.44 million. During the same period in the previous year, the firm earned $0.88 earnings per share. CNO Financial Group’s revenue for the quarter was up 19.2% compared to the same quarter last year. On average, research analysts forecast that CNO Financial Group, Inc. will post 3.73 earnings per share for the current fiscal year.

CNO Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Tuesday, December 10th. CNO Financial Group’s payout ratio is 25.81%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CNO. Jefferies Financial Group raised their price objective on shares of CNO Financial Group from $36.00 to $41.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Piper Sandler lifted their price target on CNO Financial Group from $42.00 to $44.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Royal Bank of Canada upped 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. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, CNO Financial Group has a consensus rating of “Hold” and an average target price of $37.00.

Insider Transactions at CNO Financial Group

In other news, insider Jeremy David Williams sold 4,783 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $40.09, for a total value of $191,750.47. Following the completion of the sale, the insider now owns 62,121 shares of the company’s stock, valued at $2,490,430.89. This trade represents a 7.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CMO Rocco F. Tarasi III sold 1,484 shares of CNO Financial Group stock in a transaction on Monday, December 16th. The shares were sold at an average price of $38.02, for a total value of $56,421.68. Following the transaction, the chief marketing officer now owns 79,896 shares in the company, valued at $3,037,645.92. This represents a 1.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,745 shares of company stock valued at $572,467 over the last ninety days. Corporate insiders own 3.21% 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.