CNO Financial Group, Inc. (NYSE:CNO) Holdings Reduced by Jennison Associates LLC

Jennison Associates LLC lessened its stake in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 31.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,933 shares of the financial services provider's stock after selling 23,526 shares during the quarter. Jennison Associates LLC's holdings in CNO Financial Group were worth $1,823,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in CNO. CWM LLC raised its stake in shares of CNO Financial Group by 64.1% in the 2nd 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 during the period. Quarry LP raised its position in 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 purchasing an additional 935 shares during the period. EntryPoint Capital LLC acquired a new position in shares of CNO Financial Group during the first quarter worth about $52,000. Blue Trust Inc. boosted its position 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 buying an additional 483 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of CNO Financial Group by 141.8% in the third quarter. GAMMA Investing LLC now owns 1,985 shares of the financial services provider's stock valued at $70,000 after buying an additional 1,164 shares in the last quarter. 95.43% of the stock is owned by hedge funds and other institutional investors.

CNO Financial Group Stock Up 1.3 %

NYSE CNO traded up $0.53 during trading hours on Friday, reaching $39.91. 509,230 shares of the company traded hands, compared to its average volume of 665,098. The stock has a market capitalization of $4.12 billion, a PE ratio of 16.09 and a beta of 1.01. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 1.50. CNO Financial Group, Inc. has a 12 month low of $24.92 and a 12 month high of $40.29. The company has a 50 day moving average of $36.06 and a two-hundred day moving average of $32.21.

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 the consensus estimate 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 business had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $945.44 million. During the same quarter last year, the company posted $0.88 earnings per share. The company's quarterly revenue was up 19.2% compared to the same quarter last year. As a group, equities analysts expect 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 disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.60%. The ex-dividend date is Tuesday, December 10th. CNO Financial Group's dividend payout ratio (DPR) is presently 25.81%.

Wall Street Analysts Forecast Growth

CNO has been the topic of several recent research reports. Piper Sandler boosted their price target on CNO Financial Group from $37.00 to $38.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 2nd. Royal Bank of Canada upped their target price on shares of CNO Financial Group from $38.00 to $40.00 and gave the company an "outperform" rating in a research note on Monday, November 4th. Finally, Evercore ISI lifted their price target on shares of CNO Financial Group from $27.00 to $29.00 and gave the stock an "underperform" rating in a research note on Wednesday, July 31st. One 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 stock. According to MarketBeat, CNO Financial Group presently has an average rating of "Hold" and an average price target of $34.50.

Insiders Place Their Bets

In other CNO Financial Group news, insider Jeanne L. Linnenbringer sold 5,435 shares of the firm's stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $34.26, for a total value of $186,203.10. Following the transaction, the insider now owns 37,663 shares of the company's stock, valued at $1,290,334.38. This trade represents a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jeremy David Williams sold 4,783 shares of the company's stock in a transaction that occurred 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 of the company's stock, valued at $2,490,430.89. This trade represents a 7.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,560 shares of company stock valued at $720,550 over the last 90 days. 3.00% of the stock is owned by company insiders.

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.