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State Street Corp Sells 21,296 Shares of CNO Financial Group, Inc. (NYSE:CNO)

CNO Financial Group logo with Finance background

State Street Corp lessened its holdings in shares of CNO Financial Group, Inc. (NYSE:CNO - Free Report) by 0.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,823,043 shares of the financial services provider's stock after selling 21,296 shares during the quarter. State Street Corp owned approximately 4.67% of CNO Financial Group worth $169,289,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CWM LLC increased its holdings in shares of CNO Financial Group by 64.1% during the 2nd quarter. CWM LLC now owns 1,144 shares of the financial services provider's stock worth $32,000 after acquiring an additional 447 shares during the last quarter. Quarry LP lifted its stake in shares of CNO Financial Group by 123.2% during the 2nd quarter. Quarry LP now owns 1,694 shares of the financial services provider's stock worth $47,000 after buying an additional 935 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of 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 worth $70,000 after buying an additional 1,164 shares during the period. Blue Trust Inc. grew its stake in CNO Financial Group by 25.4% in the 2nd quarter. Blue Trust Inc. now owns 2,384 shares of the financial services provider's stock valued at $66,000 after buying an additional 483 shares during the last quarter. Finally, Point72 DIFC Ltd bought a new position in CNO Financial Group in the 2nd quarter valued at about $89,000. Institutional investors own 95.43% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CNO shares. Royal Bank of Canada boosted their price objective on CNO Financial Group from $38.00 to $40.00 and gave the stock an "outperform" rating in a report on Monday, November 4th. Jefferies Financial Group boosted their price target on CNO Financial Group from $36.00 to $41.00 and gave the company a "hold" rating in a research note on Tuesday. Finally, Piper Sandler upped their price objective on CNO Financial Group from $37.00 to $38.00 and gave the company an "overweight" rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, CNO Financial Group currently has an average rating of "Hold" and an average target price of $35.80.

View Our Latest Research Report on CNO

CNO Financial Group Price Performance

Shares of NYSE CNO traded down $0.07 during midday trading on Friday, reaching $38.03. The company's stock had a trading volume of 444,454 shares, compared to its average volume of 732,179. 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 company has a market cap of $3.93 billion, a P/E ratio of 15.33 and a beta of 1.02. The business's 50 day moving average price is $37.41 and its two-hundred day moving average price is $33.28. CNO Financial Group, Inc. has a fifty-two week low of $24.92 and a fifty-two week high of $40.91.

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 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.29. The firm had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $945.44 million. CNO Financial Group had a return on equity of 17.53% and a net margin of 6.06%. The company's quarterly revenue was up 19.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.88 EPS. On average, analysts forecast that CNO Financial Group, Inc. will post 3.73 EPS for the current fiscal year.

CNO Financial Group Dividend Announcement

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 given a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $0.64 annualized dividend and a yield of 1.68%. CNO Financial Group's dividend payout ratio is 25.81%.

Insiders Place Their Bets

In other news, insider Jeremy David Williams sold 4,783 shares of the business's stock in a transaction 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CIO Eric R. Johnson sold 3,978 shares of the firm's stock in a transaction dated Monday, November 18th. The shares were 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 $24,698,781.96. This trade represents a 0.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company's stock.

CNO Financial Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CNO Financial Group (NYSE:CNO)

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