CNO Financial Group, Inc. (NYSE:CNO) Shares Sold by Bridgewater Associates LP

Bridgewater Associates LP cut its holdings in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 17.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 187,210 shares of the financial services provider's stock after selling 38,411 shares during the quarter. Bridgewater Associates LP owned approximately 0.18% of CNO Financial Group worth $6,571,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. CWM LLC boosted its position in CNO Financial Group by 64.1% during the second 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. Quarry LP raised its holdings in shares of CNO Financial Group by 123.2% during the second quarter. Quarry LP now owns 1,694 shares of the financial services provider's stock worth $47,000 after purchasing an additional 935 shares during the last quarter. Blue Trust Inc. lifted its holdings 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 valued at $66,000 after buying an additional 483 shares during the period. GAMMA Investing LLC lifted its holdings in CNO Financial Group by 141.8% in the third quarter. GAMMA Investing LLC now owns 1,985 shares of the financial services provider's stock valued at $70,000 after acquiring an additional 1,164 shares during the period. Finally, Point72 DIFC Ltd acquired a new position in shares of CNO Financial Group in the 2nd quarter valued at $89,000. 95.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

CNO Financial Group Trading Down 0.6 %

CNO traded down $0.26 during trading hours on Friday, reaching $39.90. The company's stock had a trading volume of 278,003 shares, compared to its average volume of 733,079. CNO Financial Group, Inc. has a fifty-two week low of $24.92 and a fifty-two week high of $40.91. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.19 and a quick ratio of 0.19. The stock has a market cap of $4.12 billion, a PE ratio of 16.09 and a beta of 1.01. The business's 50-day moving average is $36.60 and its 200-day moving average is $32.58.

CNO Financial Group (NYSE:CNO - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 in the previous year, the firm earned $0.88 EPS. The business's revenue was up 19.2% on a year-over-year basis. As a group, equities research analysts predict that CNO Financial Group, Inc. will post 3.73 earnings per share 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. Stockholders of record on Tuesday, December 10th will be given a dividend of $0.16 per share. The ex-dividend date is Tuesday, December 10th. This represents a $0.64 annualized dividend and a dividend yield of 1.60%. CNO Financial Group's dividend payout ratio is presently 25.81%.

Insider Buying and Selling at CNO Financial Group

In other news, insider Jeanne L. Linnenbringer sold 5,364 shares of CNO Financial Group stock in a transaction 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 sale, the insider now directly owns 44,884 shares of the company's stock, valued at approximately $1,565,553.92. The trade was a 10.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CIO Eric R. Johnson sold 3,978 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $39.09, for a total value of $155,500.02. Following the completion of the transaction, the executive now 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. Insiders sold 19,560 shares of company stock valued at $720,550 in the last 90 days. Company insiders own 3.00% of the company's stock.

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.