Fmr LLC Grows Stock Holdings in CNO Financial Group, Inc. (NYSE:CNO)

FMR LLC increased its holdings in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 28.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,040,619 shares of the financial services provider's stock after purchasing an additional 232,631 shares during the quarter. FMR LLC owned 1.01% of CNO Financial Group worth $36,526,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in CNO. CWM LLC increased its stake in shares of CNO Financial Group by 64.1% in the second quarter. CWM LLC now owns 1,144 shares of the financial services provider's stock worth $32,000 after buying an additional 447 shares during the period. Quarry LP increased its position in shares of CNO Financial Group by 123.2% in the second quarter. Quarry LP now owns 1,694 shares of the financial services provider's stock valued at $47,000 after acquiring an additional 935 shares during the period. Blue Trust Inc. grew its stake in shares of CNO Financial Group by 25.4% in the second quarter. Blue Trust Inc. now owns 2,384 shares of the financial services provider's stock worth $66,000 after purchasing an additional 483 shares during the last quarter. GAMMA Investing LLC increased its holdings in 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 valued at $70,000 after purchasing an additional 1,164 shares during the period. Finally, Point72 DIFC Ltd bought a new position in CNO Financial Group during the 2nd quarter valued at approximately $89,000. 95.43% of the stock is owned by institutional investors.

Insider Transactions at CNO Financial Group

In other news, CIO Eric R. Johnson sold 3,978 shares of the stock in a transaction that occurred 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jeremy David Williams sold 4,783 shares of the business's stock in a transaction that occurred 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 transaction, the insider now owns 62,121 shares of the company's stock, valued at approximately $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. Insiders own 3.21% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Royal Bank of Canada upped their target price on CNO Financial Group from $38.00 to $40.00 and gave the company an "outperform" rating in a report on Monday, November 4th. Piper Sandler upped their price objective on shares of CNO Financial Group from $37.00 to $38.00 and gave the stock an "overweight" rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $34.50.

CNO Financial Group Stock Down 1.1 %

CNO traded down $0.44 during trading on Monday, reaching $38.53. The stock had a trading volume of 565,788 shares, compared to its average volume of 732,909. 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 company has a market capitalization of $3.98 billion, a price-to-earnings ratio of 15.71 and a beta of 1.02. The stock's 50 day moving average is $37.07 and its two-hundred day moving average is $33.01. CNO Financial Group, Inc. has a one year low of $24.92 and a one year high of $40.91.

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 earnings per share (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 analysts' expectations of $945.44 million. CNO Financial Group had a net margin of 6.06% and a return on equity of 17.53%. CNO Financial Group's revenue was up 19.2% on a year-over-year basis. During the same period last year, the company posted $0.88 EPS. As a group, analysts expect that CNO Financial Group, Inc. will post 3.73 earnings per share for the current year.

CNO Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Investors 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 1.66%. The ex-dividend date is Tuesday, December 10th. CNO Financial Group's dividend payout ratio (DPR) is presently 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.