Geode Capital Management LLC Sells 16,062 Shares of CNO Financial Group, Inc. (NYSE:CNO)

Geode Capital Management LLC cut its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 0.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,541,723 shares of the financial services provider's stock after selling 16,062 shares during the period. Geode Capital Management LLC owned approximately 2.46% of CNO Financial Group worth $89,230,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Assenagon Asset Management S.A. boosted its stake in CNO Financial Group by 300.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,199,040 shares of the financial services provider's stock worth $42,086,000 after purchasing an additional 899,990 shares during the period. Victory Capital Management Inc. boosted its position in shares of CNO Financial Group by 455.1% during the second quarter. Victory Capital Management Inc. now owns 777,271 shares of the financial services provider's stock worth $21,546,000 after buying an additional 637,254 shares during the period. American Century Companies Inc. grew its holdings in shares of CNO Financial Group by 19.4% during the second quarter. American Century Companies Inc. now owns 2,117,416 shares of the financial services provider's stock worth $58,695,000 after buying an additional 343,819 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in CNO Financial Group by 97.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 622,348 shares of the financial services provider's stock valued at $17,251,000 after buying an additional 306,751 shares during the last quarter. Finally, FMR LLC lifted its stake in CNO Financial Group by 28.8% in the 3rd quarter. FMR LLC now owns 1,040,619 shares of the financial services provider's stock valued at $36,526,000 after acquiring an additional 232,631 shares in the last quarter. 95.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling at CNO Financial Group

In other CNO Financial Group news, insider Jeremy David Williams sold 4,783 shares of the company's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $40.09, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CIO Eric R. Johnson sold 3,978 shares of the firm's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $39.09, for a total transaction of $155,500.02. Following the sale, the executive now owns 631,844 shares of the company's stock, valued at approximately $24,698,781.96. This represents a 0.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,745 shares of company stock worth $572,467 over the last 90 days. Company insiders own 3.21% of the company's stock.

CNO Financial Group Stock Up 2.1 %

Shares of NYSE:CNO traded up $0.76 during midday trading on Friday, hitting $36.78. The stock had a trading volume of 1,833,632 shares, compared to its average volume of 737,617. The company has a market cap of $3.80 billion, a P/E ratio of 14.83 and a beta of 1.02. CNO Financial Group, Inc. has a 12 month low of $24.92 and a 12 month high of $40.91. The business's 50-day simple moving average is $37.63 and its 200-day simple moving average is $33.53. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 1.50.

CNO Financial Group (NYSE:CNO - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.11 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.29. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $945.44 million. CNO Financial Group had a net margin of 6.06% and a return on equity of 17.53%. The company's quarterly revenue was up 19.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.88 EPS. On average, sell-side analysts forecast that CNO Financial Group, Inc. will post 3.73 earnings per share for the current fiscal year.

CNO Financial Group Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Tuesday, December 10th. CNO Financial Group's dividend payout ratio (DPR) is presently 25.81%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Jefferies Financial Group raised their price target on shares of CNO Financial Group from $36.00 to $41.00 and gave the stock a "hold" rating in a research note on Tuesday, December 10th. Piper Sandler raised their target price on shares of CNO Financial Group from $42.00 to $44.00 and gave the company an "overweight" rating in a research report on Wednesday. Finally, Royal Bank of Canada boosted their price target 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. One investment analyst has rated the stock with a sell rating, three have assigned 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 a consensus target price of $37.00.

CNO Financial Group 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.