Point72 Hong Kong Ltd Sells 25,788 Shares of CNO Financial Group, Inc. (NYSE:CNO)

Point72 Hong Kong Ltd lessened its stake in CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 89.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,912 shares of the financial services provider's stock after selling 25,788 shares during the quarter. Point72 Hong Kong Ltd's holdings in CNO Financial Group were worth $102,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. American Century Companies Inc. grew its position in shares of CNO Financial Group by 19.4% during the 2nd 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 during the period. Assenagon Asset Management S.A. raised its holdings in CNO Financial Group by 300.9% in the third 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. FMR LLC boosted its position in shares of CNO Financial Group by 28.8% during the third quarter. FMR LLC now owns 1,040,619 shares of the financial services provider's stock worth $36,526,000 after purchasing an additional 232,631 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of CNO Financial Group by 455.1% in the 2nd quarter. Victory Capital Management Inc. now owns 777,271 shares of the financial services provider's stock valued at $21,546,000 after buying an additional 637,254 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in CNO Financial Group by 97.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 622,348 shares of the financial services provider's stock worth $17,251,000 after buying an additional 306,751 shares during the period. Institutional investors and hedge funds own 95.43% of the company's stock.

Insider Buying and Selling

In other news, insider Jeremy David Williams sold 4,783 shares of the 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 transaction, the insider now owns 62,121 shares in the company, valued at approximately $2,490,430.89. This trade represents a 7.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeanne L. Linnenbringer sold 5,435 shares of the business's stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $34.26, for a total value of $186,203.10. Following the completion of the sale, 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 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.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Royal Bank of Canada boosted their target price on CNO Financial Group from $38.00 to $40.00 and gave the company an "outperform" rating in a research note on Monday, November 4th. Piper Sandler boosted 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 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. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $34.50.

CNO Financial Group Stock Up 0.2 %

CNO Financial Group stock traded up $0.08 during midday trading on Wednesday, reaching $39.28. The stock had a trading volume of 569,251 shares, compared to its average volume of 734,962. CNO Financial Group, Inc. has a 1-year low of $24.92 and a 1-year high of $40.91. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.19 and a current ratio of 0.19. The firm's fifty day simple moving average is $36.78 and its 200-day simple moving average is $32.78. The stock has a market capitalization of $4.05 billion, a P/E ratio of 15.80 and a beta of 1.02.

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 firm had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $945.44 million. During the same period in the previous year, the firm posted $0.88 EPS. The company's revenue for the quarter was up 19.2% on a year-over-year basis. As a group, analysts expect that CNO Financial Group, Inc. will post 3.73 EPS for the current fiscal year.

CNO Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $0.64 annualized dividend and a dividend yield of 1.63%. 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.