Jane Street Group LLC Decreases Stake in CNO Financial Group, Inc. (NYSE:CNO)

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

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quantinno Capital Management LP grew its holdings in CNO Financial Group by 2.4% in the third quarter. Quantinno Capital Management LP now owns 149,690 shares of the financial services provider's stock worth $5,254,000 after purchasing an additional 3,537 shares during the period. Point72 Asia Singapore Pte. Ltd. boosted its holdings in CNO Financial Group by 72.3% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 10,817 shares of the financial services provider's stock worth $380,000 after acquiring an additional 4,538 shares in the last quarter. Verition Fund Management LLC grew its stake 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 during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of CNO Financial Group by 1.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,647 shares of the financial services provider's stock worth $795,000 after purchasing an additional 376 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in shares of CNO Financial Group by 69.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 39,946 shares of the financial services provider's stock worth $1,402,000 after purchasing an additional 16,420 shares in the last quarter. Institutional investors own 95.43% of the company's stock.

CNO Financial Group Stock Down 4.7 %

Shares of CNO stock traded down $1.76 on Wednesday, hitting $35.76. The stock had a trading volume of 900,644 shares, compared to its average volume of 733,476. 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 business has a 50 day moving average of $37.59 and a 200 day moving average of $33.51. CNO Financial Group, Inc. has a 12-month low of $24.92 and a 12-month high of $40.91. The stock has a market cap of $3.69 billion, a price-to-earnings ratio of 14.42 and a beta of 1.02.

CNO Financial Group (NYSE:CNO - Get Free Report) 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. 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 during the quarter, compared to the consensus estimate of $945.44 million. During the same period in the prior year, the firm posted $0.88 EPS. The firm's quarterly revenue was up 19.2% compared to the same quarter last year. As a group, analysts expect that CNO Financial Group, Inc. will post 3.73 EPS for the current year.

CNO Financial Group Dividend Announcement

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 issued a dividend of $0.16 per share. The ex-dividend date is Tuesday, December 10th. This represents a $0.64 dividend on an annualized basis and a yield of 1.79%. CNO Financial Group's dividend payout ratio (DPR) is currently 25.81%.

Insider Buying and Selling

In other news, insider Jeremy David Williams sold 4,783 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 62,121 shares of the company's stock, valued at $2,490,430.89. This represents a 7.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction of $155,500.02. Following the completion of the sale, the executive now directly owns 631,844 shares in the company, valued at $24,698,781.96. This trade represents a 0.63 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,745 shares of company stock worth $572,467. 3.21% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CNO. Piper Sandler raised their price objective on shares of CNO Financial Group from $42.00 to $44.00 and gave the company an "overweight" rating in a research note on Wednesday. Jefferies Financial Group raised their price target on shares of CNO Financial Group from $36.00 to $41.00 and gave the company a "hold" rating in a research report on Tuesday, December 10th. 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 research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, CNO Financial Group presently has a consensus rating of "Hold" and an average price target of $37.00.

About CNO Financial Group

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.