Jacobs Levy Equity Management Inc. Decreases Stock Position in CNO Financial Group, Inc. (NYSE:CNO)

Jacobs Levy Equity Management Inc. reduced its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 4.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 674,521 shares of the financial services provider's stock after selling 33,753 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.65% of CNO Financial Group worth $23,676,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in CNO. Price T Rowe Associates Inc. MD boosted its holdings in CNO Financial Group by 5.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 80,995 shares of the financial services provider's stock valued at $2,226,000 after acquiring an additional 4,304 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in CNO Financial Group by 269.9% in the second quarter. Harbor Capital Advisors Inc. now owns 13,884 shares of the financial services provider's stock valued at $385,000 after acquiring an additional 10,131 shares in the last quarter. CWM LLC boosted its holdings in CNO Financial Group by 64.1% in the second quarter. CWM LLC now owns 1,144 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 447 shares in the last quarter. QRG Capital Management Inc. boosted its holdings in CNO Financial Group by 4.8% in the second quarter. QRG Capital Management Inc. now owns 72,561 shares of the financial services provider's stock valued at $2,011,000 after acquiring an additional 3,341 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in 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 valued at $66,000 after acquiring an additional 483 shares in the last quarter. Institutional investors own 95.43% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CNO. Royal Bank of Canada lifted their price target on shares of 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 raised their price objective on 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 assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $34.50.

Insider Transactions at CNO Financial Group

In related news, CIO Eric R. Johnson sold 3,978 shares of CNO Financial Group stock in a transaction dated Monday, November 18th. The stock was 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeremy David Williams sold 4,783 shares of CNO Financial Group stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $40.09, for a total value 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. 3.00% of the stock is owned by insiders.

CNO Financial Group Stock Up 0.1 %

CNO Financial Group stock traded up $0.05 on Thursday, hitting $39.34. 659,272 shares of the stock traded hands, compared to its average volume of 734,639. The business's fifty day simple moving average is $36.87 and its 200 day simple moving average is $32.83. 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 firm has a market cap of $4.06 billion, a P/E ratio of 15.84 and a beta of 1.02. CNO Financial Group, Inc. has a 1 year low of $24.92 and a 1 year high of $40.91.

CNO Financial Group (NYSE:CNO - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.29. The firm had revenue of $1.13 billion during 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 quarterly revenue was up 19.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.88 EPS. As a group, sell-side analysts forecast 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 declared a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 10th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Tuesday, December 10th. CNO Financial Group's dividend payout ratio is presently 25.81%.

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.