JPMorgan Chase & Co. Decreases Stock Position in CNO Financial Group, Inc. (NYSE:CNO)

JPMorgan Chase & Co. lowered its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 8.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 901,669 shares of the financial services provider's stock after selling 79,173 shares during the period. JPMorgan Chase & Co. owned 0.87% of CNO Financial Group worth $31,649,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of CNO. DekaBank Deutsche Girozentrale boosted its stake in shares of CNO Financial Group by 680.0% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 34,584 shares of the financial services provider's stock worth $949,000 after acquiring an additional 30,150 shares during the period. Principal Financial Group Inc. increased its holdings in shares of CNO Financial Group by 6.0% in the third quarter. Principal Financial Group Inc. now owns 1,899,599 shares of the financial services provider's stock valued at $66,676,000 after purchasing an additional 107,589 shares during the last quarter. Interval Partners LP bought a new position in shares of CNO Financial Group in the second quarter valued at about $2,360,000. BNP Paribas Financial Markets lifted its stake in shares of 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 buying an additional 16,420 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of CNO Financial Group by 113.7% during the 3rd quarter. Barclays PLC now owns 219,141 shares of the financial services provider's stock worth $7,691,000 after buying an additional 116,617 shares during the last quarter. Institutional investors and hedge funds own 95.43% of the company's stock.

Insiders Place Their Bets

In other CNO Financial Group news, CIO Eric R. Johnson sold 3,978 shares of the firm'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 directly owns 631,844 shares in the company, valued at approximately $24,698,781.96. This trade represents a 0.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jeremy David Williams sold 4,783 shares of the company's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $40.09, for a total transaction of $191,750.47. Following the transaction, the insider now owns 62,121 shares in the company, valued at $2,490,430.89. This represents a 7.15 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,745 shares of company stock worth $572,467. Company insiders own 3.00% of the company's stock.

CNO Financial Group Price Performance

Shares of NYSE CNO traded down $0.23 during mid-day trading on Tuesday, hitting $37.04. 611,389 shares of the stock traded hands, compared to its average volume of 477,297. The firm has a 50 day simple moving average of $38.12 and a two-hundred day simple moving average of $34.51. CNO Financial Group, Inc. has a twelve month low of $24.92 and a twelve month high of $40.91. The company has a market cap of $3.82 billion, a PE ratio of 14.94 and a beta of 1.04. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.19 and a quick ratio of 0.19.

CNO Financial Group (NYSE:CNO - Get Free Report) last issued its quarterly 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. 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 for the quarter, compared to analyst estimates of $945.44 million. During the same quarter in the previous year, the business earned $0.88 earnings per share. CNO Financial Group's revenue was up 19.2% compared to the same quarter last year. As a group, equities research 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 was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $0.64 dividend on an annualized basis and a yield of 1.73%. CNO Financial Group's dividend payout ratio (DPR) is currently 25.81%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Piper Sandler lifted their price target on CNO Financial Group from $42.00 to $44.00 and gave the stock an "overweight" rating in a report on Wednesday, December 18th. Royal Bank of Canada upped 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 report on Monday, November 4th. Finally, 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 research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently 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.