Citigroup Inc. raised its holdings in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 78.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 129,925 shares of the financial services provider's stock after buying an additional 56,932 shares during the period. Citigroup Inc. owned 0.12% of CNO Financial Group worth $4,560,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CNO. CWM LLC lifted its holdings in CNO Financial Group by 64.1% during the 2nd 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 during the last quarter. Quarry LP lifted its stake in shares of CNO Financial Group by 123.2% during the 2nd quarter. Quarry LP now owns 1,694 shares of the financial services provider's stock worth $47,000 after buying an additional 935 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of CNO Financial Group by 141.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,985 shares of the financial services provider's stock worth $70,000 after buying an additional 1,164 shares during the period. Blue Trust Inc. grew its stake in 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 last quarter. Finally, Point72 DIFC Ltd bought a new position in CNO Financial Group in the 2nd quarter valued at about $89,000. 95.43% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several analysts have weighed in on the stock. Royal Bank of Canada lifted 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 lifted their price target on shares of CNO Financial Group from $37.00 to $38.00 and gave the company an "overweight" rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $34.50.
Read Our Latest Analysis on CNO
CNO Financial Group Price Performance
NYSE:CNO traded down $0.16 during mid-day trading on Tuesday, reaching $39.20. The stock had a trading volume of 695,872 shares, compared to its average volume of 640,839. The stock has a 50-day simple moving average of $36.69 and a two-hundred day simple moving average of $32.71. 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, Inc. has a 12 month low of $24.92 and a 12 month high of $40.91. The stock has a market capitalization of $4.05 billion, a PE ratio of 15.80 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 for the quarter, beating the consensus estimate of $0.82 by $0.29. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $945.44 million. CNO Financial Group had a return on equity of 17.53% and a net margin of 6.06%. CNO Financial Group's revenue was up 19.2% compared to the same quarter last year. During the same period last year, the firm posted $0.88 earnings per share. On average, equities analysts anticipate that CNO Financial Group, Inc. will post 3.73 earnings per share for the current year.
CNO Financial Group Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th will be given a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $0.64 annualized dividend and a yield of 1.63%. CNO Financial Group's dividend payout ratio is presently 25.81%.
Insider Transactions at CNO Financial Group
In related news, CIO Eric R. Johnson sold 3,978 shares of the business's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $39.09, for a total transaction of $155,500.02. Following the transaction, the executive now owns 631,844 shares in the company, valued at $24,698,781.96. The trade was a 0.63 % 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, 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 completion of the sale, the insider now owns 62,121 shares of the company's stock, 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. Over the last three months, insiders have sold 14,196 shares of company stock worth $533,454. Insiders own 3.21% of the company's stock.
CNO Financial Group Company Profile
(
Free Report)
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.
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