CNO Financial Group, Inc. (NYSE:CNO) Shares Bought by KBC Group NV

KBC Group NV increased its stake in CNO Financial Group, Inc. (NYSE:CNO) by 26.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,349 shares of the financial services provider’s stock after buying an additional 706 shares during the quarter. KBC Group NV’s holdings in CNO Financial Group were worth $118,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of CNO. State of Alaska Department of Revenue boosted its holdings in shares of CNO Financial Group by 3.5% in the third quarter. State of Alaska Department of Revenue now owns 12,290 shares of the financial services provider’s stock valued at $431,000 after acquiring an additional 415 shares in the last quarter. CWM LLC boosted its stake in CNO Financial Group by 64.1% during the 2nd quarter. CWM LLC now owns 1,144 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 447 shares in the last quarter. Blue Trust Inc. raised its stake in shares of CNO Financial Group by 25.4% in the 2nd quarter. Blue Trust Inc. now owns 2,384 shares of the financial services provider’s stock worth $66,000 after buying an additional 483 shares in the last quarter. Point72 Hong Kong Ltd lifted its holdings in shares of CNO Financial Group by 1.8% in the second quarter. Point72 Hong Kong Ltd now owns 28,700 shares of the financial services provider’s stock valued at $796,000 after buying an additional 511 shares during the period. Finally, Bailard Inc. boosted its stake in CNO Financial Group by 2.5% during the second quarter. Bailard Inc. now owns 24,300 shares of the financial services provider’s stock valued at $674,000 after buying an additional 600 shares in the last quarter. Institutional investors and hedge funds own 95.43% of the company’s stock.

CNO Financial Group Trading Up 1.4 %

Shares of CNO opened at $39.38 on Friday. The business’s 50-day moving average price is $35.93 and its 200 day moving average price is $32.07. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 1.50. The stock has a market capitalization of $4.06 billion, a P/E ratio of 15.88 and a beta of 1.01. CNO Financial Group, Inc. has a 1-year low of $24.92 and a 1-year high of $40.29.

CNO Financial Group (NYSE:CNO) last released its earnings results on Thursday, October 31st. The financial services provider reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.29. CNO Financial Group had a net margin of 6.06% and a return on equity of 17.53%. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $945.44 million. During the same period last year, the firm posted $0.88 earnings per share. The firm’s quarterly revenue was up 19.2% compared to the same quarter last year. Analysts expect that CNO Financial Group, Inc. will post 3.73 earnings per share for the current year.

CNO Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.63%. The ex-dividend date is Tuesday, December 10th. CNO Financial Group’s payout ratio is 25.81%.

Insider Buying and Selling at CNO Financial Group

In related news, insider Jeremy David Williams sold 4,783 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $40.09, for a total transaction of $191,750.47. Following the transaction, the insider now directly owns 62,121 shares of the company’s stock, valued at approximately $2,490,430.89. The trade was a 7.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jeanne L. Linnenbringer sold 5,364 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $34.88, for a total transaction 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 10.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,560 shares of company stock valued at $720,550 in the last three months. 3.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Evercore ISI upped their price target 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. Piper Sandler raised their target price on shares of CNO Financial Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Finally, Royal Bank of Canada lifted their price target on shares of CNO Financial Group from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $34.50.

CNO Financial Group Company 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.