CNO Financial Group, Inc. (NYSE:CNO) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its stake in shares of CNO Financial Group, Inc. (NYSE:CNO) by 8.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 901,669 shares of the financial services provider’s stock after selling 79,173 shares during the quarter. JPMorgan Chase & Co.’s holdings in CNO Financial Group were worth $31,649,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Assenagon Asset Management S.A. lifted its holdings in shares of 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 worth $42,086,000 after acquiring an additional 899,990 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of CNO Financial Group by 455.1% during the second 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 during the period. American Century Companies Inc. boosted its position in shares of CNO Financial Group by 19.4% during 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 buying an additional 343,819 shares during the period. FMR LLC grew its stake in shares of CNO Financial Group by 28.8% in the third 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 in the last quarter. Finally, Denali Advisors LLC raised its holdings in shares of CNO Financial Group by 725.0% in the 2nd quarter. Denali Advisors LLC now owns 231,000 shares of the financial services provider’s stock valued at $6,403,000 after buying an additional 203,000 shares during the period. 95.43% of the stock is currently owned by institutional investors and hedge funds.

CNO Financial Group Stock Down 0.8 %

Shares of CNO Financial Group stock opened at $37.25 on Tuesday. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 1.50. CNO Financial Group, Inc. has a 52-week low of $24.92 and a 52-week high of $40.91. The company has a market capitalization of $3.84 billion, a P/E ratio of 15.02 and a beta of 1.04. The company has a 50 day moving average of $38.07 and a 200 day moving average of $34.44.

CNO Financial Group (NYSE:CNO) last released its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.29. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $945.44 million. CNO Financial Group had a net margin of 6.06% and a return on equity of 17.53%. The company’s revenue for the quarter was up 19.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.88 EPS. As a group, research analysts forecast that CNO Financial Group, Inc. will post 3.73 EPS for the current fiscal year.

CNO Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 10th were given a dividend of $0.16 per share. The ex-dividend date was Tuesday, December 10th. This represents a $0.64 annualized dividend and a dividend yield of 1.72%. CNO Financial Group’s dividend payout ratio is currently 25.81%.

Insider Activity

In related news, CMO Rocco F. Tarasi III sold 4,500 shares of the stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $37.51, for a total value of $168,795.00. Following the transaction, the chief marketing officer now directly owns 72,896 shares of the company’s stock, valued at $2,734,328.96. This trade represents a 5.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jeremy David Williams sold 4,783 shares of the business’s stock in a transaction 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 completion of the sale, the insider now directly owns 62,121 shares of the company’s stock, valued at approximately $2,490,430.89. This trade represents a 7.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,745 shares of company stock worth $572,467. 3.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Jefferies Financial Group lifted their price objective on shares of CNO Financial Group from $36.00 to $41.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Piper Sandler boosted their price target on shares of CNO Financial Group from $42.00 to $44.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Finally, Royal Bank of Canada upped their price objective on 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 research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, CNO Financial Group presently has a consensus rating of “Hold” and an average target price of $37.00.

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.