BNP Paribas Financial Markets Purchases 16,420 Shares of CNO Financial Group, Inc. (NYSE:CNO)

BNP Paribas Financial Markets increased its holdings in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 69.8% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 39,946 shares of the financial services provider's stock after buying an additional 16,420 shares during the quarter. BNP Paribas Financial Markets' holdings in CNO Financial Group were worth $1,402,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. State of Alaska Department of Revenue boosted its holdings in shares of CNO Financial Group by 3.5% during the 3rd 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 during the last quarter. CWM LLC grew its position in CNO Financial Group by 64.1% in the 2nd quarter. CWM LLC now owns 1,144 shares of the financial services provider's stock worth $32,000 after purchasing an additional 447 shares during the period. Blue Trust Inc. lifted its holdings in shares of CNO Financial Group by 25.4% during the 2nd quarter. Blue Trust Inc. now owns 2,384 shares of the financial services provider's stock valued at $66,000 after buying an additional 483 shares during the period. Point72 Hong Kong Ltd boosted its stake in shares of CNO Financial Group by 1.8% in the 2nd quarter. Point72 Hong Kong Ltd now owns 28,700 shares of the financial services provider's stock worth $796,000 after buying an additional 511 shares during the last quarter. Finally, Bailard Inc. grew its holdings in shares of CNO Financial Group by 2.5% in the second quarter. Bailard Inc. now owns 24,300 shares of the financial services provider's stock worth $674,000 after acquiring an additional 600 shares during the period. 95.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other CNO Financial Group news, insider Jeremy David Williams sold 4,783 shares of CNO Financial Group stock in a transaction on Monday, November 11th. The shares were sold at an average price of $40.09, for a total value of $191,750.47. Following the sale, the insider now directly owns 62,121 shares in the company, valued at approximately $2,490,430.89. The trade was a 7.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CIO Eric R. Johnson sold 3,978 shares of CNO Financial Group stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $39.09, for a total value of $155,500.02. Following the completion of the sale, the executive now directly owns 631,844 shares in the company, valued at approximately $24,698,781.96. The trade was a 0.63 % decrease in their position. The disclosure for this sale can be found here. 3.21% of the stock is currently owned by insiders.

CNO Financial Group Stock Performance

Shares of NYSE CNO traded down $0.44 during trading on Monday, hitting $38.53. The company had a trading volume of 565,788 shares, compared to its average volume of 732,909. CNO Financial Group, Inc. has a 12 month low of $24.92 and a 12 month high of $40.91. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.19 and a current ratio of 0.19. The firm has a market capitalization of $3.98 billion, a P/E ratio of 15.71 and a beta of 1.02. The stock has a 50 day simple moving average of $37.07 and a 200 day simple moving average of $33.01.

CNO Financial Group (NYSE:CNO - Get Free Report) last released its earnings results on Thursday, October 31st. The financial services provider reported $1.11 EPS for the quarter, topping analysts' consensus estimates of $0.82 by $0.29. The company had revenue of $1.13 billion for 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 firm's revenue was up 19.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.88 EPS. As a group, analysts anticipate that CNO Financial Group, Inc. will post 3.73 earnings per share for the current year.

CNO Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date is Tuesday, December 10th. CNO Financial Group's dividend payout ratio (DPR) is 25.81%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada increased their price objective on shares of CNO Financial Group from $38.00 to $40.00 and gave the stock an "outperform" rating in a research note on Monday, November 4th. Piper Sandler increased their price target on shares of CNO Financial Group from $37.00 to $38.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $34.50.

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.