Thrivent Financial for Lutherans Sells 1,311 Shares of CNO Financial Group, Inc. (NYSE:CNO)

Thrivent Financial for Lutherans lessened its stake in shares of CNO Financial Group, Inc. (NYSE:CNO) by 1.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,025 shares of the financial services provider’s stock after selling 1,311 shares during the quarter. Thrivent Financial for Lutherans owned about 0.09% of CNO Financial Group worth $3,370,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. CWM LLC boosted its holdings in CNO Financial Group by 64.1% in the second quarter. CWM LLC now owns 1,144 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 447 shares in the last quarter. Quarry LP lifted its holdings in shares of CNO Financial Group by 123.2% in the 2nd quarter. Quarry LP now owns 1,694 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 935 shares in the last quarter. Blue Trust Inc. grew its position in 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 valued at $66,000 after purchasing an additional 483 shares during the period. GAMMA Investing LLC increased its stake in CNO Financial Group by 141.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,985 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 1,164 shares in the last quarter. Finally, Point72 DIFC Ltd acquired a new position in CNO Financial Group during the second quarter worth $89,000. Institutional investors own 95.43% of the company’s stock.

CNO Financial Group Stock Performance

NYSE CNO opened at $40.33 on Tuesday. The company has a fifty day moving average price of $36.19 and a 200-day moving average price of $32.30. The firm has a market cap of $4.16 billion, a price-to-earnings ratio of 16.26 and a beta of 1.01. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.19 and a quick ratio of 0.19. CNO Financial Group, Inc. has a 1 year low of $24.92 and a 1 year high of $40.78.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings data 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. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $945.44 million. CNO Financial Group had a net margin of 6.06% and a return on equity of 17.53%. The firm’s quarterly revenue was up 19.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.88 EPS. As a group, equities research analysts predict that CNO Financial Group, Inc. will post 3.73 EPS for the current fiscal year.

CNO Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date is Tuesday, December 10th. CNO Financial Group’s payout ratio is 25.81%.

Insider Buying and Selling

In related news, CIO Eric R. Johnson sold 3,978 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $39.09, for a total transaction of $155,500.02. Following the completion of the sale, the executive now owns 631,844 shares in the company, valued at approximately $24,698,781.96. This trade represents a 0.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jeremy David Williams sold 4,783 shares of CNO Financial Group stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $40.09, for a total transaction of $191,750.47. Following the completion of the sale, the insider now directly owns 62,121 shares in the company, valued at approximately $2,490,430.89. This represents a 7.15 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,560 shares of company stock worth $720,550. 3.21% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CNO. Evercore ISI lifted their price objective 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 price target on shares of CNO Financial Group from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Finally, Royal Bank of Canada boosted their price objective on CNO Financial Group from $38.00 to $40.00 and gave the stock an “outperform” rating in a 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price 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.