Jane Street Group LLC Cuts Stock Position in CNO Financial Group, Inc. (NYSE:CNO)

Jane Street Group LLC reduced its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 63.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 137,105 shares of the financial services provider's stock after selling 238,159 shares during the period. Jane Street Group LLC owned about 0.13% of CNO Financial Group worth $4,812,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in CNO. Quantinno Capital Management LP raised its position in CNO Financial Group by 2.4% in the 3rd quarter. Quantinno Capital Management LP now owns 149,690 shares of the financial services provider's stock valued at $5,254,000 after purchasing an additional 3,537 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its stake in shares of CNO Financial Group by 72.3% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 10,817 shares of the financial services provider's stock worth $380,000 after buying an additional 4,538 shares during the period. Verition Fund Management LLC raised its holdings in CNO Financial Group by 31.3% in the third quarter. Verition Fund Management LLC now owns 16,435 shares of the financial services provider's stock valued at $577,000 after acquiring an additional 3,914 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in CNO Financial Group by 1.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,647 shares of the financial services provider's stock worth $795,000 after acquiring an additional 376 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in CNO Financial Group by 69.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 39,946 shares of the financial services provider's stock worth $1,402,000 after acquiring an additional 16,420 shares in the last quarter. 95.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CNO shares. Jefferies Financial Group raised 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 raised their price target on CNO Financial Group from $37.00 to $38.00 and gave the company an "overweight" rating in a research note on Wednesday, October 2nd. Finally, Royal Bank of Canada lifted their price target 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 research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $35.80.

Insider Buying and Selling at CNO Financial Group

In related news, CIO Eric R. Johnson sold 3,978 shares of the company's stock in a transaction on 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 sale, the executive now owns 631,844 shares in the company, valued at $24,698,781.96. This represents a 0.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeremy David Williams sold 4,783 shares of the firm's stock in a transaction on Monday, November 11th. The stock was 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 in the company, valued at $2,490,430.89. The trade was a 7.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.21% of the stock is owned by company insiders.

CNO Financial Group Trading Down 2.0 %

Shares of CNO Financial Group stock opened at $37.52 on Wednesday. The company has a fifty day simple moving average of $37.56 and a 200-day simple moving average of $33.49. CNO Financial Group, Inc. has a 12-month low of $24.92 and a 12-month high of $40.91. 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 cap of $3.87 billion, a price-to-earnings ratio of 15.13 and a beta of 1.02.

CNO Financial Group (NYSE:CNO - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $945.44 million. During the same quarter in the prior year, the firm posted $0.88 earnings per share. CNO Financial Group's revenue for the quarter was up 19.2% on a year-over-year basis. On average, equities analysts forecast that CNO Financial Group, Inc. will post 3.73 EPS for the current fiscal year.

CNO Financial Group Announces Dividend

The company also recently declared 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 1.71%. The ex-dividend date is Tuesday, December 10th. CNO Financial Group's dividend payout ratio (DPR) is 25.81%.

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.